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.
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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.
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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.
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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.
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“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.”
Greater Manchester city named UK’s ‘loneliest’ with highest percentage of people living alone
Emily Sergeant
One of Greater Manchester’s cities has been named the ‘loneliest’ in the UK, according to the number of single occupants.
Living alone used to be seen as somewhat of a short-term ‘phase’, often between living in family homes or house shares, but today it’s a completely different story, as solo living is fast becoming a defining feature of urban Britain.
From high-rise studio flats, to compact commuter apartments, single-occupancy living is reshaping the character of many UK cities.
While for some, living alone simply represents independence and flexibility, for others it’s more a case of necessity – with wider demographic data apparently showing single-occupancy linked to student populations, delayed family formation, career mobility, and rising house prices that make shared living less practical.
But, with all things considered then, which towns and cities in the UK have the most solo occupants? The ‘loneliest’ cities, if you will.
A new study by Tarotoo set out to identify where solo living is most concentrated across the UK, with researchers analysing 58 cities, examining the number of studio and one-bedroom homes listed for sale or rent per 10,000 residents using Rightmove data – and it was Salford that came out on top.
Salford has been named the UK’s ‘loneliest’ with the highest percentage of people living alone / Credit: Hilverd Reker (via Wikimedia Commons)
That’s right, Salford tops the ranking with a striking 158.08 single-occupancy homes per 10,000 people, which is more than double the figure of the city in second place, and also vastly ahead of the national average.
The city’s rapid regeneration over the past decade, particularly around MediaCity and the wider Greater Manchester area, is said to be a huge contributing factor it in taking the top spot, as this has driven a boom in purpose-built apartments.
In fact, according to ONS data, Salford has seen one of the fastest rates of population growth among young professionals in the North West.
Other northern cities in the top 20 include Lancaster and Leeds, at fourth and fifth place respectively, and outside the top 20 is where you’ll find other northern cities like Liverpool, Chester, York, and Sheffield – with Manchester itself coming in at number 39 on the list.
At the opposite end of the ranking, Newport records just 2.59 single-occupancy homes per 10,000 people, which is the lowest figure in the study, and it’s then followed by Glasgow (3.29), Swansea (3.78), Dundee (4.33), and Stoke-on-Trent (4.51).
Featured Image – Patrick Perkins (via Unsplash)
Property
Inside the £1m historic terrace for sale on one of Greater Manchester’s most sought-after streets
Emily Sergeant
A Grade II-listed property forming part of one of Greater Manchester’s most historic and sought-after rows has gone on the market.
And if you happen to have £1 million you’re willing to part with, then it could be yours.
Now, of course, as we always say before we write about these stunning homes, it goes without saying that the vast majority of us won’t have this kind of money just chilling in bank accounts right now, but if like us, you’ve got no shame in admitting you love looking at houses you can’t afford in places you’ll probably never live, then allow us to introduce you to this absolute beauty.
This five-bedroom end terraced property sits pretty on The Downs – which is by far one of the most recognisable row of houses in Altrincham – and it’s wrapped in the distinguished architecture of the 1830s, both on the outside and the inside.
With accommodations beautifully arranged over four floors, estate agents describe the home as being simply ‘exceptional’.
Benefitting from being just a stone’s throw from the thriving market town of Altrincham and everything that makes it so beloved, as well being only a 10-minute stroll to Hale village, this Grade II-listed gem manages to blend contemporary comfort with the timeless elegance of its historic 19th century surroundings.
Some of the property’s stand-out features have to be – and trust us, it’s hard to narrow down – the open-plan lounge and dining space that flows seamlessly into the stylish kitchen, and outside to the private outdoor terrace, and an additional enclosed walled garden.
There’s three generous-sized double bedrooms on the first floor of the home, while the attic level houses a tranquil en-suite escape at the top.
This £1m historic terrace is for sale on one of Greater Manchester’s most sought-after rows / Credit: Clifford Saunt Homes
The newly converted basement level provides an ‘impressive’ extra dimension to the home, according to estate agents, as well as the fifth and final bedroom – ideal for guests.
And, of course, the location of the home itself is a huge selling point for prospective buyers.
Altrincham is often named as being one of the best places to live in the UK, and for being perfect for families, in particular, thanks to its easy access to a wide range of amenities, excellent local schooling options, transport links into Greater Manchester and beyond, and for having green spaces on the doorstep.
This property is currently on the market with Altrincham-based estate agents, Clifford Saunt Homes, for Offers Over £1 million, and if you fancy taking a closer look, then you can contact the agents to arrange a viewing.
Or you could just take the cheaper route instead and have a nosy at the Rightmove link here.
Emily Sergeant -
6th January 2023 
