Despite a cooling property market in Greater Manchester, house prices in certain areas are defying the trend and continuing to soar. According to the latest data from the Land Registry, at least 10 postcodes in the region have experienced significant price growth over the past year, indicating high demand in these sought-after areas.
One such hotspot is WN4, covering the market town of Ashton-in-Makerfield in Wigan. Property prices have seen an impressive increase of 13%, with the average house price now standing at £202,185. Ashton-under-Lyne, a market town in Tameside, is also attracting house hunters, with prices rising by 10% to an average of £195,386.
The Manchester areas of Ardwick, Longsight, and Chorlton-on-Medlock, covered by M12, have also seen a surge in house prices, soaring by 9.5% to an average of £190,016. Stockport remains a popular area for house hunters, with prices in the SK1 postcode increasing by 8.5% to an average of £201,168.
Bury, Heap, Heap Bridge, Nangreaves, Summerseat, Unsworth, and Walmersley, covered by the BL9 postcode, have also experienced significant growth, with prices rising by 8% to an average of £213,922. In Bolton, Ainsworth, Bradley Fold, Bradshaw, Breightmet, Harwood, Tonge Fold, and Tonge Moor (BL2), the average house price has increased by 7% to £211,563.
Tyldesley and Astley in Wigan, part of the M29 postcode, are also becoming more attractive to house hunters. Prices have risen by 7% in the last year, bringing the average house price to £236,963. Additionally, the M13 postcode, encompassing Ardwick, Longsight, and Chorlton-on-Medlock, has seen a 7% increase in prices, with the average home now priced at £239,330.
Little Hulton in Salford (M38) and Stalybridge, Carrbrook, Heyrod, Matley, and Millbrook (SK15) have also witnessed a rise in property prices, both recording an almost 7% increase over the last year.
These property hotspots in Greater Manchester have become magnets for house hunters, defying the wider market cooldown. With rising prices and high demand, it is clear that these areas offer attractive opportunities for both homeowners and investors.
Sources: The Manchester Evening News, Land Registry
Frequently Asked Questions (FAQ)
1. Why are house prices in certain parts of Greater Manchester still rising?
Despite a cooling property market, house prices in certain parts of Greater Manchester are defying the trend and continuing to rise. The high demand in these sought-after areas is driving up prices.
2. How can I identify property hotspots in Greater Manchester?
You can identify property hotspots in Greater Manchester by analyzing the latest data from the Land Registry, which provides information on house price growth in different postcodes across the region.
3. Which areas in Greater Manchester have experienced the largest house price growth?
Based on the latest data, some of the areas in Greater Manchester that have experienced significant house price growth include WN4 (Ashton-in-Makerfield), OL7 (Ashton-under-Lyne), M12 (Ardwick, Longsight, Chorlton-on-Medlock), and SK1 (Stockport).