Spotlight on Manchester

21 June 2017  |  Admin  |  0 Comments

Manchester is a metropolitan borough which, as at 2015, had a population of 530,300. It lies within the second-most populous urban area in the UK, with an overall population of 2.55 million

The earliest recorded history of Manchester was a civilian settlement associated with the Roman fort of Mamucium or Mancunium, established in about AD79 near the confluence of the rivers Medlock and Irwell. For centuries it remained a manorial township but during the Industrial Revolution around the turn of the 19th century it expanded rapidly to cope with the boom in textile manufacture. It became the world's first industrialised city.

The Manchester Ship Canal opened in 1894, creating the Port of Manchester and linking the city to the sea, 36 miles to the west. Its fortunes fell away in the second half of the twentieth century in the wake of the decline in manufacturing. However, the IRA bombing in 1996 was followed by extensive investment and regeneration, and now Manchester is the highest-ranked British city outside London. Perhaps surprisingly, it’s the third-most visited city in the UK.

The canals and buildings of the textile manufacturing era are preserved in the Castlefield conservation area. This is home to the interactive Museum of Science & Industry.

The revitalised Salford Quays dockyards now house the Daniel Libeskind-designed Imperial War Museum North and the Lowry cultural centre.

Manchester’s influence extends to many cultural areas, including architecture, music, media, science and engineering and, of course, football clubs. The atom was first split in Manchester and scientists there also developed the stored-program computer.

Rightmove’s latest house price index shows the average property price in the north-west in June 2017 is £188,313, an annual increase of 2.6%. This compares with an average price of £172,235 in June 2014.

More specifically, Zoopla report that the average price for a terraced house in Manchester is £132,600 and for a semi-detached house £189,221.

Building developments are booming in Manchester, partly as a result of the BBC’s relocation of a large part of its London workforce to Salford.

Affinity Living Riverview is set for completion in 2019 and will, at 35 storeys, be one of the tallest buildings on the Manchester skyline. The buy-to-let apartments range in price from £250,000 to £372,000 and offer assured yields of 6% for landlords.

There are plenty of buy-to-let developments to choose from. Knight Knox’s development at Grapnel Apartments is offering luxury apartments in the Salford Quays BTL hotspot. The Metrolink tram takes you straight to the city centre. I Am the Agent is proud to market these apartments on behalf of the developer. A 1-bedroom apartment starts at £134,995, a 3-bedroom apartment at £274,995 and there are also 1-bedroom townhouses starting at £149,995.

If you are looking at renting, the home.co.uk website indicates that the average rent in Manchester is £954, with 1-bedroom properties fetching £692pcm, 2-bedrooms £913pcm and 3-bedrooms £1,013pcm.

I Am the Agent, the UK’s first online estate agent, is currently marketing a 3-bedroom family home in M9 for £750pcm.

The local authority is Manchester City Council and the council tax charges are £1,001 (Band A) to £1,502 (Band D).

 

copy courtesy of @wikipedia

image courtesy of Rightmove

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