Esper Developments

26/05/2023

Latest property values in Greater Manchester

In this article, you will find out the average property values in Manchester boroughs. We list the current average prices of property across each of the 10 Greater Manchester boroughs. For additional analysis, we have split each borough into several areas and ranked them according to the average property cost. This information may help you find a property that is best suited to your budget.

Greater Manchester boroughs
The table below lists the ten Manchester boroughs and shows the average property prices last year. The results show that Trafford was the most expensive borough in 2022 with a property average property value of £338,640. Manchester and Salford were the second and third most expensive boroughs with average prices of £284,658 and £253,904 respectfully.

Borough Average Property Price Rank
Trafford £338,640 1
Stockport £317,823 2
Manchester £284,658 3
Salford £253,904 4
Bury £225,845 5
Bolton £207,755 6
Tameside £206,870 7
Rochdale £195,967 8
Oldham £190,949 9
Wigan £170,866 10
In contrast, Wigan was the cheapest borough with an average price of £170,866. Oldham and Rochdale were the only two other boroughs where the average property was valued at below £200,000.

Average property values in Bolton
Bolton is a comparatively cheap borough with all areas having an average price below £230,000. Its average price is £207,755.

Westhoughton – £229,380
Horwich – £224,629
Little Lever – £199,038
Kearsley – £191,514
Heaton – £189,051
Blackrod – £184,067
Farnworth – £154,729
Average property values in Bury
Bury is an averagely priced borough. Interestingly there prices of each area averaged between £200,000 and £300,000. Ramsbottom was the most expensive area, whilst Radcliffe was the cheapest.

Ramsbottom – £287,856
Prestwich – £283,896
Whitefield – £274,705
Tottington – £259,787
Unsworth – £250,131
Radcliffe – £231,989
Average property values in Manchester
For People who are well acquainted with Manchester, several central locations come under either the Trafford or Salford regions. Within the areas listed in this neighbourhood, Didsbury is the most expensive at an average price of £359,631. At the other end is Harphurey with an average value of £125,939. This area recorded the lowest average values from all the areas within the 10 neighborhoods.

Rank Area Average Property Value
1 Didsbury £359,631
2 Chorlton £342,980
3 Parrs Wood £323,749
4 Whalley Range £321,763
5 Withington £319,124
6 Burnage £305,193
7 Castlefield £300,560
8 Northenden £284,219
9 Ancoats £267,545
10 City Centre £256,166
11 Baguley £254,098
12 Miles Platting £252,222
13 Wythenshawe £248,329
14 Fallowfield £241,514
15 Levenshulme £237,285
16 Crumpsall £234,619
17 Collyhurst £224,165
18 Rusholme £212,673
19 Blackley £211,867
20 Hulme £207,480
21 Ardwick £204,743
22 Cheetham Hill £204,683
23 (Joint) Bradford £202,645
23 (Joint) Beswick £202,645
25 Belle Vue £201,785
26 Strangeways £200,022
27 Longsight £197,508
28 Moss Side £194,261
29 Moston £187,895
30 Gorton £182,686
31 Openshaw £171,647
32 Newton Heath £171,143
33 Harpurhey £125,939
Average property values in Oldham
Within the seven areas that make up Oldham prices are very consistent. Saddleworth records the highest average price, whilst Hollinwood has the cheapest. In the remaining five areas, average prices are very close to £200,000.

Saddleworth – £267,706
Royton – £209,530
Shaw – £203,193
Failsworth – £202,053
Lees – £192,054
Chadderton – £189,559
Hollinwood – £153,963

26/05/2023

How robotics are transforming living spaces

The use of smart furniture to maximise space is nothing new. Yet with robots the options are limitless, transforming living spaces in ways that were not previously possible. In this article, we take a brief look at the history of space saving furniture, before sharing how a pioneering company is taking this to the next level.

Smart furniture
Smart furniture has been transforming living spaces for over a 100 years. Leonard C. Bailey took out a patent for making the first “folding bed” on 18 July 1899. five years later, Rudolf Coopersmith filed a patent for the Davenport bed. In the ensuing 40 years Coopersmith filed over 30 patents for mechanical parts of sofa beds, mattresses and mattress manufacturing machinery. In 1925 he took out a patent for the sofa bed, the precursor of the modern day pull out sofa.

At a similar time William Lawrence Murphy designed a wall bed, though it didn’t have the pistons and the aesthetics of its modern day counterparts. Today wall beds are common in many studio apartments in cities where space is at a premium.

Expanding tables have been around for a lot longer. In 1835 Robert Jupe designed a table that used a swivel mechanism to separate sections of the table top and allow for segmented leaves to be inserted. Fast forward to today, and most dinning room tables are expandable with a more refined design.

Smaller living spaces
Property has changed significantly over the years. In the 21st century property has become comparatively expensive. Back in the mid nineties the average property was a multiple of three times salaries. Fast forward to today and property is on average seven times the average wage. Reasons for this are extensive, but it is primarily driven by a lack of supply and generally lower borrowing costs. Though the latter has changed slightly with interest rates rising.

26/05/2023

Regeneration continues to surge in Manchester and Salford

The latest results show that Manchester and Salford remain thriving hubs for regeneration. Both cities offer excellent opportunities for growth.

The latest crane survey, created by Deloitte, measures the amount of development projects taking place across both Manchester and Salford and assesses their impact. The report covers Manchester and Salford city centres.

Key findings
Deloitte report measures the developments taking place across Manchester and Salford city centres and its impact.

Property types reported on include residential, office, hotel, retail and leisure, student accommodation, education and research facilities and healthcare.
Data for the Crane Survey was recorded between 5 January 2022 and 3 January 2023
13,578 new homes completed in Salford city centre since 2014
702,000 sq. ft of office floorspace was delivered to market in 2022
There are several construction sites in Manchester and Salford city centres
(Image Source Deloitte)
25 new projects
There have been 25 new projects across various sectors began in Manchester and Salford city centres. This includes 17 new residential developments under construction. This is the highest number since 2018. Additionally, 2,734 new homes were delivered to the market.

For the unacquainted, Salford City lies inside Greater Manchester in a very central location. This is somewhat akin to the city of Westminster in London with just a couple of miles between Salford city centre and Manchester city centre.

The results demonstrated that the areas remain an attractive proposition for investors, developers, businesses and residents alike. Salford is nowacknowledged across the sector “as a driving force in the region with a commitment to sustainable growth and regeneration at the heart of its approach”.

Powerhouse of the north
Outside London, the region continues to lead the way in construction activity. This is driving economic growth across the two cities, as well has acting as a positive catalyst for change. The scale of development is substantial which demonstrates the resilience in the regional economy.

Residential initiatives
Salford city centre, has seen the biggest amount of development, with 13,578 homes now having been completed since 2014. The number of new projects demonstrate that construction initiatives are continuing at a frantic pace. this includes Greenhaus, which is part of a £1bn Salford Central masterplan built over 50 acres.

Commercial initiatives
In the office sector, 702,000 sq. ft of new floorspace was delivered to market in 2022, this is despite the trend seeing more people continuing to work from home. Construction levels are growing and take up of this new space is encouraging. High-quality spaces provided by the likes of 100 Embankment and New Bailey in Salford are in demand and attracting new tenants to the city.

Only last month 100 Embankment was named ‘Manchester and Salford’s best performing office’ for 2022 with recent lettings taking the building to c.75% full with over 120,000 sq ft let.

Across the two cities, five new office projects will create 1.1m sq. ft of space, with a total of 1.7m sq. ft. currently under construction including Eden, 115,000 sq ft office accommodation, one of the most environmentally friendly offices in the UK. TLT law firm has signed a 15-year lease to take the top two floors. The building will run on 100% renewable electricity and has been designed using the UK Green Building Council’s 2035 – 2050 standards.

26/05/2023

Major new Manchester development project in consultation

There are plans for a £450m new Manchester development project that could create 1,900 jobs and stimulate the local economy.

Land in Upper Brook Street, Ardwick, has been targeted as the recipient of an exciting development. The plans includes new student accommodation and life sciences space.

The project led by McLaren Property, in association with Property Alliance Group, Moda Living and Kadans Science Partner, is working to deliver a masterplan vision for Upper Brook Street, Ardwick. Working in consultation with Manchester City Council the consortium project that the scheme could create a £138m economic benefit to the area.

Regeneration
The plan promises to deliver an incredible new neighbourhood for the city with more than two acres of public space and community facilities.

This scheme would bring forward a new purpose-built development, providing much needed life sciences space as well as purpose-built student accommodation. There is a proposed mix of ground floor uses and enhanced public realm which include green space and pocket parks, improved pedestrian and cycling routes and opportunities for community, retail and other locally beneficial uses.

Other community facilities and public uses include a GP surgery, and new community centre, as well as retail units and cafes.

When constructed the neighbourhood promises to deliver value to the immediate area and wider Manchester region. It is projected that it will provide 3,600 permanent operational jobs, and anticipated spending of £24m from residents every year in addition to significant spend locally from new workers.

In total, the scheme represents an initial investment of £450m into the Ardwick area which lies around one mile south east of Manchester city centre.

26/05/2023