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.
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.
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.
“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.”
After the team at home security experts ADT decided to do some research into the best places in the country for those looking to raise a family, Trafford has made it into the top 10.
The Greater Manchester borough has earned seventh place on the list after a number of factors were analysed for the research – including the quality of the local schools, the general safety of the area, and the number of parks within walking distance.
The top 10 most family-friendly areas in the UK
Crime Rate Per 1,000 People, Year ending March 2023
Burglary Rate Per 1,000 People, Year ending March 2023
Average number of Parks, Public Gardens, or Playing Fields within a 1,000 m radius
Percentage of Oustanding and Good Rated Schools and Colleges
Median House Price, Year Ending Dec 2022
Cost of a single bus fare, adult
Family Safety Score /10
Waltham Forest in London takes the top spot for the most family-friendly area in the UK, according to the research, as it ranked within the top 15 for both the lowest crime and burglary rates, and also ranked seventh for schools – with 82.8% having a “good” or higher rating from OFSTED.
Kirkless in West Yorkshire took second place, followed by Havering, Bexley, and Bromley all rounding out the top five.
As well as Kirklees placing second and Trafford being in the seventh spot, the Wirral and Newcastle-upon-Tyne are also fellow northern representatives within the top 10.
Sadly, on the other end of the spectrum, the least family-friendly area in the UK was found to be Birmingham, according to ADT’s research, as despite the average house price being £221,000, with a crime rate of 141 per 1,000 people, and a family safety score of just 2.5/10, the Midlands city takes the bottom spot.
On a more positive note though, when it comes the postcode area with the lowest crime rate in the UK, the North West is representing once again, as this has come out as CW12 3 in Cheshire East.
For the year ending June 2023, the crime rate for this postcode area was just 4.7 per 1,000 people.
Featured Image – Alexandra Park
Bold £11m plans to ‘reinvigorate’ Ashton’s Market Square given green light
Bold plans to “reinvigorate” the market square area in Ashton have been given the green light by local planning authorities.
Aiming to provide a “high-quality, flexible, and modern” market square in the Tameside town, the newly-approved £11 million plans are designed to lend themselves to range of different functions, according to Tameside Council – with food, drink, culture, and entertainment among the main uses.
One of the stand-out features of the greenlit plans is an impressive new canopy, which will provide a designated undercover area for markets to include “flexible and durable” market stalls and kiosks with seating, and will also open up the space for events and activities.
Designed to “deter anti-social behaviour” with improved lighting and the installation of CCTV, the canopy and kiosks will have views over the town’s listed Town Hall and Market Hall buildings.
It will also look to improve walking routes through to the square in all directions.
The revamped social hub is also hoping to be “more inviting” to the local community and visitors.
A range of public realm improvements on Fletcher Square, Bow Street, Warrington Street, Market Street, Market Avenue, and Wellington Road are also set to improve the surrounding areas.
The plans also include additional green spaces, trees, and planting too, as well as new street furniture and informal play spaces.
The green light this week comes after Tameside Council and project team have been engaging with residents, market traders, and businesses in the town for more than a year now through a number of engagement workshops and events in order to “shape the plans”.
Their feedback throughout the process was said to have highlighted the priorities of many residents and visitors.
“The plans for the Market Square will help unlock the potential regeneration of the town centre and work will start on the square early next year,” commented Councillor Vimal Choksi, who is the Executive Member for Towns and Communities at Tameside Council.
“We have listened and responded to residents and businesses feedback and will continue to engage with local traders and businesses as we move forward with the exciting plans and bringing in high quality public realm will create a better space for events and help to bring in more visitors to the town centre.”
The £11m revamp is being funded by Levelling Up money awarded by the Government in October 2019.