New research has revealed who the real “winners and losers” were during Greater Manchester’s unprecedented property boom in 2020.
Bryn, Radcliffe, Cadishead, Hulme and Moss Side have all emerged as some of the hottest areas in the region, according to data compiled by Manchester-based conveyancing specialist JMW Solicitors LLP.
By comparing Google Trends data from July 2019 to July 2020, JMW found that searches for homes for sale in Bryn – a sought-after area of Ashton-in-Makerfield in Wigan – had increased by 179%, from 140 to a whopping 390.
Radcliffe (132%), Cadishead (125%), Hulme (100%) and Moss Side (100%) all showed similar increases, as the property market surged following the first lockdown.
Bryn – a sought-after area of Ashton-in-Makerfield in Wigan – tops the list / Credit: JMW Solicitors LLP
“The unprecedented impact and disruption of the coronavirus pandemic on all aspects of life has resulted in many people choosing to re-evaluate their priorities.” said Andrew Garvie, Head of Real Estate Residential from JMW Solicitors LLP.
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“With more people spending more time indoors than ever before due to the lockdown, it’s little wonder that thousands of families have chosen to change their living arrangements.
“Greater Manchester was no exception to the property market boom that was noted across the UK after the first lockdown, with thousands of searches carried out among prospective homeowners looking to relocate.”
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“Thousands of families have chosen to change their living arrangements.” / Credit: Wikimedia Commons
While the vast majority of areas across Greater Manchester recorded an increase in demand amid the national property market boom, others have seen their popularity dwindle, with Google searches for properties in some areas remaining stagnant despite the lift.
Aspull, Rusholme, Northenden and Kearsley each gained the same number of searches in July 2019 as they did in July 2020, meaning they experienced 0% growth amid the busier period.
The good news is that nowhere in Greater Manchester, where data was available, experienced a reduction in popularity during this time.
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Andrew Garvie added: “While it is interesting to see that many more urban spots, including the usually popular Fallowfield, saw no growth following the first lockdown of 2020, we are seeing a rise in people moving to the outskirts of the city, possibly in search of a quieter life with more outdoor space.
“The pandemic certainly brought about a shift in the type of properties people were searching for, and we can only expect this quest for larger homes with gardens in quieter spots to continue well into the future.”
Nowhere in Greater Manchester experienced a reduction in popularity / Credit: JMW Solicitors LLP
Looking at the situation nationally, house prices across the UK hit record highs in 2020, despite the economic downturn as a result of widespread restrictions.
According to Halifax’s mortgage-tracking index, house prices increased by 7.6% in the year to November 2020, while Nationwide’s index pointed to a 6.5% rise and similarly, Rightmove estimated that asking prices had jumped up by 6.6% in the 12 months to December.
The Office for National Statistics’ transaction data also pinpointed a 5.4% increase to October.
A historic Stockport pub has officially become a listed building
Danny Jones
The Angel Inn pub in Stockport has officially become the thriving Greater Manchester borough’s latest listed building.
Being granted Grade II-listed status following an extensive visit and survey by Historic England (HE), Stockport Market Place’s Angel Inn may have had a lick of paint amidst the ‘Old Town Revival’ over the last decade or so, but the pub itself was erected back in the 16th century.
Reopened as one of the area’s most beloved boozers back in 2018, whilst still maintaining key fixtures and that feeling of authenticity, it harks back to the town’s Cheshire roots and taps into a deep vein of local culture.
The assessment, which was completed earlier this month, means that Angel Inn has been recognised as having special architectural or historic significance – i.e. the definition of a listed building.
Writing in a post on social media, the government-backed English heritage organisation detailed that while the inn predates the Early Modern/post-medieval period, the Angel‘s frame is comprised of wood from the 15th century.
But it gets even more interesting than that…
As well as being one of a select few surviving, traditional wattle-and-daub structures in the UK – nearby Bramall Hall being another (and a technique that had died out by the 18th century) – a close inspection of the internal floorboards unearthed something truly fascinating.
It just so happens that tests by HE proved that one particular plank of flooring “was cut from a tree alive in 1086, the year the Domesday Book was completed: the oldest government record held in The National Archives, commissioned by William the Conqueror.
How bloody cool is that?
It’s also worth noting that it’s genuinely a brilliant boozer and one of the most popular watering holes you’ll find in the town centre, promising a cosy interior, an intimate little outdoor area out back and serving plenty of regional ales.
You only have to glance at the exterior to clue into its age, let alone what there is to be found inside.Way back when.Credit: Historic England (handout)/Stockport Archives
Although they say it’s likely that the floorboard in question was originally cut for an earlier building situated in the same location, it still goes to show how old this particular North West settlement is.
“The name ‘Angel Inn’ dates from as early as 1769, though the site’s hospitality roots extend further, with references to “Cotterell’s inn” used for sequestrators’ meetings in the 1640s, who met to organise the confiscation of property of supporters of King Charles I during The English Civil War”, HE went on to add.
Angel Inn is one of only a handful of venues like this in Greater Manchester and Cheshire; safe to say a lot of time, effort and money are being put into preserving these links to the past.
Featured Images — The Manc Group/Historic England (handout)/Stockport Archives
Property
The local property developers helping Mancs buy a home without the large deposit
Emily Sergeant
A North West developer that specialises in creating Shared Ownership homes currently has eight new developments under construction across Manchester.
Getting your foot on theproperty ladder or taking the next step to owning a bigger home can be one of the most challenging things to do and is often not financially viable for a lot of people – and this is whereGecko Homes‘ unique Shared Ownership scheme comes in.
The developer is enabling first time buyers and other qualifying homebuyers to purchase shares in its homes instead.
With deposits from as little as £2,438, the scheme means residents can buy shares ranging from 10% all the way up to 75% instead and then pay rent on the rest, with the option to increase the share percentage at later dates, all the way up to outright ownership.
Gecko Homes is helping Mancs get on the property ladder / Credit: Supplied
As mentioned, the company is currently working on eight new developments across Manchester in some of the city’s most sought-after suburbs, and prospective buyers can now register their interest.
One of the most popular developments currently underway is ‘Tatton Place’ in Sale – which is a redevelopment of a historic Masonic Hall and police station into 31 homes, including two and three-bedroom houses, one and two-bedroom apartments, and several stunning duplexes, all with access to both private and communal gardens.
Another key development is ‘Emerald Way’ over in the popular Manchester suburban town of Chorlton, where prices start from £60,625 for a 25% share, meaning a buyer would only need a deposit of £3,031.
Over in West Didsbury is one of largest ongoing developments called ‘Two Didsbury Point’, which is a £20 million scheme of 76 affordable homes across two connected eight and five-storey blocks – 46 of those being for shared ownership – on the site of the former Withington Hospital, with an outdoor communal terrace and green spaces for residents to enjoy.
Another one of the developments currently in the works that prospective buyers can now register their interest for is ‘Boundary View’, which lies in the thriving Manchester community of Old Trafford.
“Our Shared Ownership model has transformed people’s lives by giving them a way onto the property ladder in a modern, stylish, and high-quality home that they can afford to live in,” explained Christina Tattersall, who is the Head of Sales at Gecko Homes.
Eight developments are currently underway across Manchester / Credit: Supplied
“All of our latest developments are already generating high levels of interest from local people who want to live in some of Manchester’s most popular and vibrant suburbs that all benefit from great amenities and regular transport links.
“Each development will be finished to a very high specification, with contemporary kitchens and bathrooms, as well as luxury floorings and quality fixtures and fittings throughout.”
Residents interested in any of these developments are asked to visit Gecko Homes’ website here to find out more and register their details now.
Prices shown are based on 25% Shared Ownership and a 95% LTV mortgage. All properties are bought as leasehold, with full terms applying, and prices shown may be subject to change and are a guide only.