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.”
Molly-Mae Hague revisits first Manchester flat, now on the market for £185k
Daisy Jackson
Molly-Mae Hague’s first Manchester flat is now on the market for £185k – and the star herself has paid a visit to her old digs.
Those who have been following Molly-Mae since before she shot to serious fame on Love Island will have recognised the backdrop of her recent TikTok video.
The 27-year-old reality TV star and businesswoman posed around the one-bedroom flat, dancing to Sabrina Carpenter’s ‘House Tour’.
The apartment is where she lived just before entering Love Island, and where she and now-fiance Tommy Fury lived briefly when they left the show.
And now that exact flat where she really launched her social media career has been listed for sale, at £185,000.
The corner apartment stands on the 17th floor of Islington Wharf, overlooking New Islington tram stop and right on the doorstep of Ancoats.
Her former landlord, who arranged for Molly-Mae to have one look around her old flat before it’s sold, said that she was a ‘lovely, polite and down-to-earth young woman, and an excellent tenant who looked after the apartment extremely well.’
The one bedroom apartment has double-aspect floor-to-ceiling windows which look across Manchester on one side, and out towards the Pennines on the other.
It’s listed for sale with no chain and the option to include existing furnishings (which seems to include the same couch Molly-Mae had at the time).
The flat also has a kitchen/living space, a communal garden, superfast broadband, and is within walking distance of Manchester Piccadilly.
New measures announced to tackle ‘rogue’ landlords across Greater Manchester
Emily Sergeant
A cohort of trained enforcement officers are set to hit the streets in all 10 boroughs to help improve the lives of the region’s renters.
Forming part of Greater Manchester‘s commitment to the highest-quality housing standards alongside the Good Landlord Charter, the newly trained enforcement officers will be tasked with protecting tenants, joining Council teams in checking rental properties, bringing enforcement action against bad landlords, and cracking down on illegal practices.
The introduction of the new enforcement officers comes after what has been ‘years of sustained pressure’ on local budgets.
Greater Manchester Combined Authority (GMCA) says it is working with the 10 councils across the region to strengthen local teams, rebuild in-house skills and expertise, and ensure that powers can be applied with consistency in all boroughs.
As mentioned, this is happening alongside the Good Landlord Charter – which is GMCA’s ‘bold approach’ to drive up standards for renters across the region.
Landlords of more than half of rented properties in Greater Manchester have now signed up as supporters of the Charter, and as supporters, they have committed to going above and beyond legal minimums to improve the renting experience for hundreds of thousands of people.
“A safe place to call home is the cornerstone of a happy, healthy life,” explained Mayor Bev Craig. “But for years, people have felt trapped in poor-quality housing, and cash-strapped councils were unable to step in to help. I’m putting an end to that.
“We know there are plenty of good landlords in Greater Manchester, and many of them have already signed up to our Good Landlord Charter, but too many are just not good enough.
“That’s why we’re deploying a new generation of expert housing officers onto the streets of our towns and cities.”
Mayor Bev Craig declared that she ‘won’t stand by and let rogue landlords take advantage of people’.
She continued: “By empowering renters, working with responsible landlords, and using our powers to crack down on the bad ones, I will make sure everyone in Greater Manchester has the foundation for a good life.”