Wythenshawe is 'the new Didsbury': House prices soar by nearly 60 per cent in four months (second only to Chelsea)

Booming Wythenshawe is the new Didsbury, say property experts. House asking prices in the area have shot up by nearly 60pc in just FOUR months. According to figures from Rightmove, the M22 area is one of the UK’s housing hotspots - second only to SW3 in Chelsea for property asking price rises between January and May. At the beginning of the year, the average M22 asking price was around £128,700. That rocketed to £205,600 just four months later. The rise is more dramatic than final sale prices, but expert say its demonstrate sellers’ confidence in the area’s continued transformation. The M22 area covers Wythenshawe, Sharston and Northenden; south of the city centre. With investment in the area continuing, some are touting it as the ‘new Didsbury’; with places like Northenden and Sharston especially favoured by families as a lower-priced alternative to the nearby plush village. An increasing number of buyers, finding other Manchester suburbs too expensive, are looking further south of the city - causing a ripple-effect and pushing prices up in Wythenshawe. Rightmove data shows the average sale price for an M22 home was £122,000 in 2010. In February this year, it was around £152,000. Prices have tripled in the last 15 years - and 55pc of homes are now privately-owned. As the M.E.N. reported in April, the ‘Metrolink effect’ is still playing a major role in booming house sales in the M22 area. Sales in Wythenshawe DOUBLED between 2013 and 2014, coinciding with the launch of the airport line last year. Research also found that living near a Metrolink station can add an average of £8,300 on to the value of a home. Buyers in Manchester will pay an average of 4.6pc more for a home that is within 500 metres of a tram stop, compared to an otherwise identical house 1,500m away.
Booming Wythenshawe is the new Didsbury, say property experts. House asking prices in the area have shot up by nearly 60pc in just FOUR months. According to figures from Rightmove, the M22 area is one of the UK’s housing hotspots - second only to SW3 in Chelsea for property asking price rises between January and May. At the beginning of the year, the average M22 asking price was around £128,700. That rocketed to £205,600 just four months later. The rise is more dramatic than final sale prices, but expert say its demonstrate sellers’ confidence in the area’s continued transformation. The M22 area covers Wythenshawe, Sharston and Northenden; south of the city centre. With investment in the area continuing, some are touting it as the ‘new Didsbury’; with places like Northenden and Sharston especially favoured by families as a lower-priced alternative to the nearby plush village. An increasing number of buyers, finding other Manchester suburbs too expensive, are looking further south of the city - causing a ripple-effect and pushing prices up in Wythenshawe. Rightmove data shows the average sale price for an M22 home was £122,000 in 2010. In February this year, it was around £152,000. Prices have tripled in the last 15 years - and 55pc of homes are now privately-owned. As the M.E.N. reported in April, the ‘Metrolink effect’ is still playing a major role in booming house sales in the M22 area. Sales in Wythenshawe DOUBLED between 2013 and 2014, coinciding with the launch of the airport line last year. Research also found that living near a Metrolink station can add an average of £8,300 on to the value of a home. Buyers in Manchester will pay an average of 4.6pc more for a home that is within 500 metres of a tram stop, compared to an otherwise identical house 1,500m away. Hundreds in Wythenshawe have benefited, with the area’s reputation continuing to improve. Designed as a garden suburb in 1920, it is one of the greenest places in Manchester. Almost every home has its own garden. In the last decade, 3,000 new homes have been built in Wythenshawe. Last year, crime dropped by 27pc. There are more than 1,500 new businesses and more than 52,000 jobs. The town centre, still undergoing regeneration, has just nine empty units - the best rate in the country. Some, still informed by the district’s misguided billing as ‘Europe’s biggest council estate’, are now seeing the area for what it is. Wythenshawe town centre general manager Jeff Jackson said: “We’ve had a 9pc increase in footfall in the town centre in a year. Of 90 units, only four are empty - which is incredible when you look elsewhere. “Some 55pc of homes in Wythenshawe are privately owned. The days of council houses dominating are gone. People can see the change happening before their eyes. “The preconceived notions are disappearing. It takes a long time for reputations to change, but Wythenshawe’s truly has. It’s the place to be.” Wythenshawe and Sale East MP Mike Kane said: “Those of us who live and work in Wythenshawe know what a great location our garden city is. It now appears that this is reaching a much wider audience with news of rising house prices. “The launch of Metrolink, ongoing development of Airport City and MediPark and £1bn investment in Manchester Airport announced only last week, tell the story of a vibrant and booming Wythenshawe; that understandably people want to be a part of.” Hundreds in Wythenshawe have benefited, with the area’s reputation continuing to improve. Designed as a garden suburb in 1920, it is one of the greenest places in Manchester. Almost every home has its own garden. In the last decade, 3,000 new homes have been built in Wythenshawe. Last year, crime dropped by 27pc. There are more than 1,500 new businesses and more than 52,000 jobs. The town centre, still undergoing regeneration, has just nine empty units - the best rate in the country. Some, still informed by the district’s misguided billing as ‘Europe’s biggest council estate’, are now seeing the area for what it is. Wythenshawe town centre general manager Jeff Jackson said: “We’ve had a 9pc increase in footfall in the town centre in a year. Of 90 units, only four are empty - which is incredible when you look elsewhere. “Some 55pc of homes in Wythenshawe are privately owned. The days of council houses dominating are gone. People can see the change happening before their eyes. “The preconceived notions are disappearing. It takes a long time for reputations to change, but Wythenshawe’s truly has. It’s the place to be.” Wythenshawe and Sale East MP Mike Kane said: “Those of us who live and work in Wythenshawe know what a great location our garden city is. It now appears that this is reaching a much wider audience with news of rising house prices. “The launch of Metrolink, ongoing development of Airport City and MediPark and £1bn investment in Manchester Airport announced only last week, tell the story of a vibrant and booming Wythenshawe; that understandably people want to be a part of.” http://www.manchestereveningnews.co.uk/news/greater-manchester-news/wythenshawe-the-new-didsbury-house-9419435

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