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.”
Work commences on multi-million-pound scheme to build affordable and energy-saving homes in Oldham
Danny Jones
Ground has finally been broken on a new multi-million-pound scheme to build a slate of new affordable and energy-saving homes in Oldham.
Headed up by First Choice Homes Oldham (FCHO), the current development in the Hathershaw area is part of a wider strategy to deliver a total of 1,100 high-quality, sustainable properties in the borough and surrounding areas which was greenlit in 2020 and is estimated to run until 2026.
With increasing demand across the region, not to mention housing and cost of living crises across the country, FCHO has commenced work on the properties, enlisting Arca Construct Ltd as the main contractor and the project is estimated to be completed by summer 2025.
Construction work on the first 19 energy-saving and affordable Oldham homes is now well underway for the scheme, which is to cost around £4.5 million.
The Hathershaw developments include 16 three-bedroom houses along Belgrave Road and a further trio of three-bedroom homes over on neighbouring Thatcher Street.
Utilising an injection of £1.07m in funding from Homes England and a £285,000 Brownfield Housing Fund grant via Greater Manchester Combined Authority, the scheme involves transforming a former garage site into homes for affordable rent.
As part of FCHO’s green focus and sustainability targets set in its ‘Big Plan and Sustainability Strategy’, all the homes being created are also going to be eco-friendly as a priority.
Each property is being built to ensure the performance of materials that make up the building is maximised – known in the industry as a ‘fabric first approach.’
Moreover, with energy bills so challenging these days and Greater Manchester weather being what it is, each home will be highly insulated to ensure they are as warm and economical for customers as possible.
The housing association also includes a dedicated Homes and Neighbourhoods team to support homeowners once they’re all moved in.
Better still, with high energy efficiency specs in mind, all 19 of these affordable Oldham homes are set to achieve Energy Performance Certificate (EPC) B, not only saving customers money but also helping reduce their overall carbon footprint.
FCHO’s Development Director, Joel Owen, said of work kicking off: “It is fantastic to see these energy-efficient and affordable homes starting to take shape. Not only do they complement our commitment to provide high quality and affordable homes to people in the communities we are based in and serve but also our work to have sustainable and energy-efficient housing stock.”
Arca Construct’s Head of Construction, Nigel Lonsdale,added: “We understand the critical role First Choice Homes Oldham plays in providing affordable housing and are delighted to be working with them on this scheme.
“We pride ourselves on being a trusted partner, delivering exceptional results at competitive rates. Our membership in the Considerate Constructors Scheme and CHAS Elite underscores our commitment to quality and responsible construction.”
Government extends ‘lifeline’ household support fund over winter
Emily Sergeant
Vulnerable households in England are set to receive support for the cost of essentials this winter, the Government has announced.
As summer draws to a close and the autumn and winter months edge closer towards the end of the year, the Work and Pensions Secretary Liz Kendall has this week announced an extension to the Government’s already-successful Household Support Fund for the next six months up until April 2025.
The Government says the £421 million extension “gives certainty” to local Councils and authorities across England over the winter months.
As the cost of living crisis sadly continues to make its impact felt nationwide, the Government is urging pensioners and anyone struggling with the cost of energy, food, and water over the colder months to contact their local Council to see what support may be available to them.
Work and Pensions Secretary Liz Kendall has announced an extension to the #HouseholdSupportFund for the next six months
As well as covering the cost of winter essentials, many Councils also use the Household Support Fund beyond emergency support too – including working with local charities and community groups to provide residents with key appliances, school uniforms, cookery classes, and items to improve energy efficiency in the home.
The extension of the Household Support Scheme for a further six months comes after the Government has unfortunately revealed that around 1.3 million more people have fallen into poverty since 2010/11 – with living standards falling by the largest year-on-year drop since records began in 2022/23.
With the new Government continuing with its work to “deliver growth in the long term”, the extension of the Fund will help Councils to prevent vulnerable households from experiencing “an immediate cliff edge” of support with a tough winter ahead.
The Government has announced an extension to the ‘lifeline’ household support fund over the winter / Credit: Pixabay | pxhere
“We are extending the Household Support Fund for the next six months, because it is a lifeline for people who are struggling with the cost of living,” explained the Secretary of State for Work and Pensions, Liz Kendall.
“The dire inheritance we face means more people are living in poverty now than 14 years ago.
“This Government is taking immediate action to prevent a cliff edge of support for the most vulnerable in our society, and at the same time, we are taking action to fix the foundations of our country through our plans to grow the economy, make work pay, and Get Britain Working again.”
Council Leader @bevcraig has welcomed the extension of a multi-million pound which gives a vital lifeline to thousands Manchester people struggling with the cost of living.
Manchester’s City Council leader, Bev Craig, has welcomed the Fund’s extension.
“While we continue long-term work to address the causes of poverty, there is no doubt that extra short-term help is still urgently needed for those feeling the impact of the cost of living crisis on top of 14 years of austerity,” Cllr Craig commented.
“Today’s announcement will ensure we can give that extra support to those who need it most and we will work with the new government to tackle the long-term root causes.”
Emily Sergeant -
6th January 2023 
