Investor ProfilePension, Retirement, University, Downshifter, Business and Cash&Equity
Population aged 15+:345,705
ActualNational Average
Percentage Class ABC1: 




Per 1000 population2522115
Yield Range:6.9% - 14.3%
Price Ranges  Low £Hi       £Low £pwHi £pwLowHi
Valuations above the national average by:0%
ActualNational Average
Capital growth last 12 months:8%18%
 Capital growth last 5 years:40%80%
 Large employers in the area:British Airways, Tesco, BP, Vodafone, Virgin and Manchester Airport.
Demand For Letting:Excellent
 Average void period:1 week

(out of 10)

Capital Growth

(out of 5)


(out of 5)

Out of 10:615
 Summary:The jewel of the North West.


During the past ten years, over 7,000 people have chosen to live in the city centre, with areas such as Castlefield, the Northern Quarter, Canal Street and Piccadilly Basin being amongst the most desirable locations.  Manchester has the fastest growing city centre in Britain, with 2,314 flats planned and 852 of these currently under construction.

Over half of the households in the city centre are single occupancy, and males outnumber females by two to one. 42% earn over £20,000 per annum, 60% own a car and 59% work in the city centre itself. Main attractions to residents are sited as the lifestyle of city living, leisure facilities and the nightlife offered by a city centre.

Research has shown that an estimated 20,000 people will live in the city by 2005, compared to just 1,000 in 1990.

Luxury apartments and penthouses, in styles ranging from Manhattan lofts to converted warehouses are in constant demand. Many of the apartments, both new build and converted/renovated, are centred around the Canal Basin area. In recent years, more and more people have chosen to move into city centre Manchester. House prices in regenerated Northern areas are set to outstrip rates in London as the finance, IT and service sectors expand.

Manchester City Council's housing strategy aims to build on the successful partnerships which are transforming the Hulme and East Manchester areas. In Hulme, 2,800 flats were demolished and replaced by 1000 desirable new homes and flats available for rent and for sale, in and around the Stretford Road area. Hulme has been transformed by these new developments, and the area now attracts investment and people from around the country who wish to live in Manchester. A further 1000 homes are being constructed by private sector firms, such as Bellway.

Elsewhere, housing ranges from stone terraced cottages on the West Pennine moors to half-timbered houses along the banks of the Bridgewater Canal. There are modern family houses close to all amenities available in all parts of Manchester. To the north of the city lie Bolton, Bury, Rochdale and Oldham, once thriving centres of the cotton industry, now busy and vibrant local shopping centres with excellent leisure facilities.

The east of the city, soon to be connected to the centre by Metrolink as well as road and rail, is home to the Commonwealth Games City of Manchester stadium and has seen a rise in popularity by home-hunters as a result. In the south lie the more traditional affluent areas such as Altrincham and Hale. Closer to the city centre are older suburban residential areas such as Withington and Didsbury, and the predominantly student 'villages' of Fallowfield and Rusholme.

Despite the rise in the number of homes being built, supply still appears to match demand in the city centre. Salford however has seen slowly rising prices as demand begins to grow, and in Stockport, the lack of supply has seen a sharp rise in bulk land values. Stockport has also seen a mini jobs boom as more firms move into the borough, collectively creating over 500 new positions in 6 months.

Property in the North West is still considerably cheaper than further south. It is possible to pay under £30,000 for a property closer to the centre or pay over £500,000 for a detached house in Bowden, just 10 miles outside the centre. Average house prices vary considerably from postcode to postcode; for example the lowest priced houses in 'M11_4' are under £15,000 whilst the highest priced houses are located in 'WA14_3' at an average cost of £350,000. The city's first £1,000,000 property in Century Buildings, Parsonage Gardens, was sold in late 2000 and a second is due for completion in 2002 in Deansgate.

 Mainline railway station:One hour and 15 minutes to Liverpool Central
Road Access:Main access M6, M62 & M56

33 miles east of Liverpool

6 miles to M62

 Local NewspaperManchester Evening News 0161 832 7200
 Estate Agents:NameAddressTelWeb
Pad Residential5th floor,John Dalton House,121 Deansgate
Manchester Lancashire
M3 2AB
0161 202
Carr & Hume7, Memorial Rd Worsley
Manchester Lancashire
M28 3AQ
0161 799
Jordan Fishwick Wadden757, Wilmslow Rd Didsbury
Manchester Lancashire
M20 6RN
0161 445
Ash Residential180, Wilmslow Rd
Manchester Lancashire
M14 5LQ
0161 225
Suttons City Living50, Granby Row
Manchester Lancashire
M1 7AY
0161 236
Alex Dines & Co29, Bury New Rd Prestwich
Manchester Lancashire
M25 0JU
0161 798
 Letting Agents:NameAddressTelWeb
Suttons City Living50, Granby Row
Manchester Lancashire
M1 7AY
0161 236
Robert Jordan & Associates0161 834
ChestersSouth Court, Sharston Rd
Manchester Lancashire
M22 4SN
0161 902
ABC Estates0161 434
Barlow Costley Property Services46, Chorley Rd Swinton
Manchester Lancashire
M27 5AF
0161 728