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.”
‘Own a landmark, create a legacy’ – Historic chimney goes on sale for £300k in Bolton
Emily Sergeant
How would you like to live in a big chimney?
I know that might sound like an odd question, and in some respects, it is… but we’re being 100% genuine, as over in Bolton there is currently a historic local landmark on the market with planning permission to make it into your new home, and it’ll only set you back £300,000.
‘Only’ is a bit of a stretch, but when you consider the magnitude of this property, it’s surprising that you’re able to get your hands on it for such a reasonable price.
This is Barrow Bridge Chimney.
Rising above the tranquil stone cottages and wooded valley of the stunning model village that is Barrow Bridge, this striking Victorian chimney stands as a lone sentinel of Bolton’s proud industrial past – and now, with full planning permission secured, estate agents say it offers an ‘extraordinary opportunity’ to reimagine history as a truly one-of-a-kind home.
A historic chimney has gone on sale for £300k in Bolton / Credit: Miller Metcalfe
Originally built in the early 19th century as part of the ‘ambitious’ Dean Mills complex, the chimney once crowned a thriving cotton-spinning hub founded by Thomas Bazley, who was one of the Industrial Revolution’s great innovators.
Long after the mills fell silent though, the chimney endured and remained a local landmark in Smithills visible for miles, and today this relic of the steam age is ready for its next chapter.
Approved plans for the chimney are described as being a ‘bold’ residential conversion that will honour its industrial heritage, while still creating a dramatic modern dwelling like no other in the town.
The planning permission is in place for a two-storey residence of approximately 3,939 sq ft, with a striking contemporary design blended seamlessly with practical living.
The planning permission is in place for a ‘striking’ two-storey residence / Credit: Miller Metcalfe
The approved plans include three spacious bedrooms (two with en-suites), a family bathroom, a downstairs cloakroom, and a study that can easily adapted to a four-bedroom, four-bathroom layout to suit modern family life.
What makes this an even more attractive prospect for future buyers is that the chimney is well-connected to both amenities and nature – with both independent businesses, good local schools, and convenient transport links on the doorstep, as well as parks and tree-lined walks.
“This is your chance to own more than bricks and mortar,” estate agents Miller Metcalfe said.
“It’s a chance to live inside a landmark, to shape its story for future generations, and to call a piece of Bolton’s proud industrial heritage your own. Enquire now to discover how you can transform this iconic chimney into a legacy home that will stand for generations to come.”
Fancy it then? Take a look at the property on Rightmove here.
Featured Image – Miller Metcalfe
Property
Manchester furniture outlet LOFT is hosting a major closing-down sale with up to 70% off
Emily Sergeant
Manchester furniture outlet LOFT is hosting a major closing-down sale with up to 70% off.
Okay, so it’s not technically closing down per se, but the current LOFT premises off Hyde Road near Piccadilly will officially close doors on 30 September, as the business consolidates its operations and relocates to its newly completed headquarters over at Trafford Park.
Unlike a typical closing-down sale, the stock isn’t old or unwanted. Instead, it’s a live snapshot of LOFT’s day-to-day business, and everything must go.
LOFT is known for furnishing properties across the build-to-rent, student accommodation, co-living, private rented, and social housing sectors, and that constant turnover naturally generates surplus – whether it be project overstock, end-of-line pieces or discontinued items making way for new collections.
The move over to Trafford Park is said to be a moment to clear the warehouse ‘completely’ and start the new chapter with a clean slate.
Manchester furniture outlet LOFT is hosting a major closing-down sale with up to 70% off / Credit: Supplied
This means that everything, from sofas and beds, to dining sets, armchairs, and home accessories, must go before the move, with prices already reduced by 50 to 70% below RRP.
Benjamin Hall, who is the Founder and CEO of LOFT, says this is the ‘biggest and best value’ sale the company has ever offered.
He explained: “As we settle into our new home at Trafford Park, we want a completely clean slate. Whether you’re a homeowner after a one-off bargain, or a landlord, agent or developer furnishing multiple units on a budget, there has never been a better time to visit.”
Emily Sergeant -
6th January 2023 
