Two residential areas in Greater Manchester have been highlighted as UK ‘property hotspots’ based off house price data from 2022.
And they’re probably not the places you’d expect either.
There’s no doubt the property market in our region has been booming over the last decade or so, with average house prices seeming to rise year-on-year, and more and more areas becoming sought-after as the places to live time goes on – but now, Rightmove has released its list of the top UK property hotspots for this year based off 2022 data, and two rather surprising Greater Manchester areas have made their way onto it.
To create its list of hotspots, the UK’s biggest property website compared average house prices across the UK between 2022 and 2021 to out find the areas where prices they have risen the most, and the areas where prices are increasing more than the national average indicate that the area is a ‘hotspot’.
As well as soaring prices, Rightmove also considers a ‘property hotspot’ to be a place where there is a high demand for homes too.
Manchester‘s inner city area of Hulme has claimed second place on the list.
Rightmove has released a list of the top UK property hotspots for this year based off 2022 data / Credit: Wikimedia Commons
Hulme is an ever-changing residential area that’s been the subject of redevelopment projects several times over the years, and has always been a favourite with students and young professionals thanks to it being home to Manchester Metropolitan University‘s (MMU) Birley campus, but Rightmove’s latest data shows it could be set to surge in popularity with a much wider audience this year.
According to the data, the average price of a home in Hulme jumped up by 26% from £188,454 in 2021 to £238,249 in 2022.
Elsewhere on the list, the Bolton residential area of Little Lever has been named another one of the UK’s property hotspots, claiming eighth place after average house prices soared by 20% from £169,709 in 2021 to £202,890 in 2022.
Grabbing first place as the UK’s top property hotspot was Eastwood in Nottinghamshire, according to Rightmove, with average asking prices in the area jumping by 29% compared with 2021.
Other property hotspots named in Rightmoves top 10 list based off last year’s data include Sandbanks in Dorset, Heathfield in East Sussex, Chelston in Devon, St. Peters in Kent, Cowes on the Isle Of Wight, Birchington in Kent, and Deeping St. James in Cambridgeshire.
Property prices in each of those areas had soared by more than 19% since 2021.
Two rather surprising Greater Manchester areas have made their way onto the list / Credit: Roger Kidd (via Geograph)
While the South East has the most areas featured in the top 10 property hotspots, the North East, however, saw the biggest regional annual growth of 10.3% in 2022, and as a whole, house prices across the UK were higher in 2022 than the year before.
Rightmove says average house prices were 5.6% higher across the UK at the end of 2022 than they were at the same time in 2021.
“Property prices have risen exceptionally over the last three years,” admitted Tim Bannister, property expert at Rightmove.
“If we compare with December 2019, just before the pandemic started, the average asking price of a home in Great Britain has risen by a staggering 20%, so to put that into context, asking prices rose just 3% in the previous three years, and we need to go all the way back to 2013 to see similar price growth.
House prices were 5.6% higher across the UK at the end of 2022 than they were in 2021 / Credit: Julie Twist Properties (via Rightmove)
“We expect average asking prices to drop by 2% next year now that the frenetic period for the market is over.
“It is likely that some sellers, particularly those in locations and sectors of the market that have benefitted the most from pandemic price growth, may be willing to give up some of their gains in this calmer market in order to negotiate a successful sale.”
New £350m sustainable neighbourhood in Stockport given the green light
Emily Sergeant
Planning permission has been granted for a new ‘walkable and sustainable’ neighbourhood in Stockport town centre.
A major milestone has been reached for Stockport’s transformation, as the new mixed residential mini-village, ‘Stockport 8’ – which was put forward by the local LLP of the same name, set up as part of a partnership between Stockport Council and ECF (English Cities Fund) – has been given the green light, helping to make it one of the most sustainable and liveable town centres in the UK.
The eight-acre site is just one in a series of regeneration projects led by Stockport Mayoral Development Corporation (MDC), as part of ambitious plans to develop land west of the town centre under the ‘Town Centre West’ (TCW) scheme.
The development is a key element of the wider £1 billion investment currently being delivered.
The plans were recommended for approval at Stockport’s central area committee at the end of July, and were then approved at planning committee last week (14 August).
A new £350m sustainable neighbourhood in Stockport has been given the green light / Credit: Supplied
Located on land either side of King Street West and next to the historic viaduct, the £350m mixed residential neighbourhood – which includes many affordable properties – is expected to ‘breathe life’ back into what was once a ‘thriving’ area under the railway arches, connecting Stockport Interchange with nearby communities in the process.
The plans will deliver approximately 1,300 new high-quality homes to suit existing residents and new homeowners moving into the Greater Manchester town in the next decade.
There’ll be be a mix of residential properties, including build-to-rent and owner-occupier – with a range of sizes to meet the needs of different households.
The development is also centred around ‘vibrant’ public spaces where people can meet and relax outdoors, helping to improve the wellbeing of residents, while a pedestrian-only street will run through the centre, again to encourage interaction.
“We’re not adopting a one-size-fits-all approach at Stockport 8,” explained Catherine Chilvers, who is the Managing Director of Stockport MDC.
“Instead, we are investing in high-quality and energy- efficient housing that offers so much more for people at all stages of life.
“The development sets the bar high for town centre living, creating a considered neighbourhood for residents along with leisure and employment opportunities, while outdoor squares, with a multitude of uses, will allow people to feel connected and enable families to grow.”
The first phase of Stockport 8 is due to start on site in 2026 and complete in 2028, with the next phase expected to commence in 2029.
Featured Image – Supplied
Property
Comedy nights, run clubs, and resident parties – why The Castings is Manchester’s most social city centre neighbourhood
Emily Sergeant
Manchester is a city full of opportunity – and The Castings is the perfect place to live to experience all it has to offer.
As the bustling hub of the north – and, arguably, the UK’s ‘second’ city, depending on who you ask – Manchester has firmly cemented itself as being somewhere people of all walks of life want to live, thanks to the wealth of live music,sport, nightlife, and so much more.
And for those who want to get amongst it, one of Manchester’s newest city centre neighbourhoods, The Castings, has a social life built right in, ready for residents to make the most of.
Currently rated number one on HomeViews, it has been voted by its residents as the best place to live in the city.
And it recently celebrated its first birthday too, in one of the ways it knows best, of course – with a free party for all residents.
A glimpse into life at The Castings’ stunning lifestyle-led apartments / Credit: The Manc Group
If you were unfamiliar withThe Castings until now, it’s a stunning community made up of 352 apartments to rent in Piccadilly East.
With its range of studio, one, two, and three-bedroom homes, The Castings’ design-led spaces are inspired by industrial shapes, flowing forms, and molten textures.
As well as its stunning apartments, the lifestyle-led development also features a fitness studio, high-spec gym, games room, private dining spaces, a co-working hub, and a 21st-floor rooftop terrace with panoramic views of Manchester.
The Castings is one of Manchester’s most social city centre neighbourhoods / Credit: The Castings
It sits in the heart of Piccadilly East is a neighbourhood often touted as Manchester’s next-generation, and named by The Sunday Times as one ofthe UK’s best places to live and The Castings has been ‘bringing new life’ to this up-and-coming area near Manchester Piccadilly stationever since it launched it last summer.
Even though Piccadilly East – which is conveniently-adjacent to Ancoats, New Islington, and the Northern Quarter – is already home to some of Manchester’s most popular food, drink, and liveentertainment venues, residents at The Castings don’t even need to leave the comfort of their own community to get involved with a wide variety of events and make some new friends along the way.
In just the year since the first residents moved into The Castings, it has hosted everything from live comedy nights to regular yoga and fitness sessions, run clubs, and seasonal resident ‘socials’.
One of the biggest highlights in The Castings’ social calendar so far has to be the recent ‘Spring Social’, which helped welcome the new season in style, complete with an ice cream van, DJs, big Jenga, and lots and lots of pizza, making it a ‘standout’ moment of the year.
If The Castings sounds like somewhere you’d love to live, then the final few apartments are still remaining, and you can head online to book a viewing now.
Emily Sergeant -
6th January 2023 
