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.
“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.
“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.”
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.
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.
Outdated Manchester building could become new ‘innovation hub’ as part of £1.7bn transformation plans
An outdated Manchester building could be “reactivated” into a brand-new innovation hub as part of ambitious transformation plans.
The Renold Building – which dates back to 1962, and was the first of its kind UK at the time – will take on a new lease of life, and become a home for “forward-thinking entrepreneurs and SMEs” to develop new ideas and solutions that will help tackle some of the world’s biggest challenges.
ID Manchester is an “ambitious” plan to transform the University’s former North Campus into a “welcoming and accessible” new £1.7 billion innovation district.
We’re happy to share plans for ID Manchester's innovation hub, reactivating the Renold Building as a home for science and tech start-ups. With coworking, office & community event spaces, it will be central to the #IDManchester ecosystem.
According to UoM, the new vision for the Renold Building will celebrate its history as an educational hub by hosting the next wave of science and technology innovators, and building an inclusive and purpose-driven community.
The city centre building will provide a range of coworking, office, and meeting facilities to accommodate and support collaboration between researchers, entrepreneurs, businesses, and partner organisations.
On top of this, new events and exhibition spaces – including lecture theatres, and a community cafe – will be accessible to local businesses, community groups, and arts and culture organisations as part of the project, so that they have the chance to host and participate in a wide range of engaging events and activities.
Outdated Manchester building could become new ‘innovation hub’ as part of £1.7bn transformation plans / Credit: Bruntwood
“The Renold Building will be an invaluable place to bring together like-minded organisations and partners to collaborate, develop, and test new ideas,” commented John Holden, who is the Associate Vice-President for Major Special Projects at UoM.
“We’re building our innovation ecosystem from the ground up, and the Renold Building will be a place that not only accelerates the growth of our city’s most promising entrepreneurs, SMEs and university spin-outs, but also provides the spaces and opportunities to allow our local communities to participate, experience and benefit from innovation too.”
An application to convert the building from educational to commercial use has been submitted to Manchester City Council, UoM and Bruntwood SciTech have confirmed.
Pending application approval, the building is set to open in late 2024.
Featured Image – UoM
A look at the plans to turn historic Ancoats mill with rich musical heritage into new apartment complex
Hodder + Partners have just revealed new CGIs and a more detailed look at the plans for their redevelopment of the longstanding Brunswick Mill in Ancoats which is set to become a brand-new apartment complex.
The proposals to turn the once creative space with decades of musical heritage into a new residential site were revealed back in 2021 and approved within just a few months, despite having been met with plenty of resistance given its history and cultural significance.
Nevertheless, Northern company Big Red Construction recently kicked off the £50+ million renovation on behalf of developer Arrowsmith Investments and the apartments are projected to be finished in 2026.
With that in mind, the architectural designers Hodder have just released a new look at what Brunswick Mill is set to look like once completed:
The short trailer gives a glimpse at the history of the Brunswick Mill space and what it’s set to become.
Set to transform the historic industrial mill-turned-creative space and music studios on the edge of New Islington into 153 new apartments, ranging from one, two and three-bedroom residences, the redevelopment will be spread across two phases.
In line with designs by Hodder + Partners, the initial phase involves converting the existing mill building and the construction of new four and seven-storey elements to accommodate the remaining 127 homes on the Bradford Road plot in Ancoats.
Big Red Construction, who are also working on the Peelers Yard building for CERT Property and Myprotein founder Oliver Cookson, are expected to complete phase one by the first quarter of 2026.
Here’s another look at what living space people are already buying up:
The bathroom plans.‘New with the old’ bedroom-designs.A first look inside the Brunswick Mill flats. (Credit: Supplied)
Along with Hodder + Partners as architects, the project team also consists of HW Consultancy who are covering structural aspects, Manchester firm Clancy for mechanical and electrical considerations, as well as AM Pyro as fire engineers.
With property company Orlando Reid serving as estate agents for the project, 42 out of the 153 apartments have already been sold off-plan, with managing director Baljit Arora describing it as “an exciting period for all parties involved and for the city of Manchester”.
This is just the latest chapter in the continued regeneration of the Ancoats and the New Islington areas, which remain two of the most heavily re-developed areas in the city centre and Greater Manchester as a whole. You can see other hot properties in and around the region HERE.