Building Surveys & RICS Valuations in Manchester

Property Market Trends in Manchester

Manchester, a city burgeoning with opportunities, has become a magnet for property investors and homebuyers alike. Here’s a concise overview of the current property market trends in this vibrant metropolis.

Notable Neighbourhoods

• Ancoats: Once an industrial hub, Ancoats has evolved into a trendy neighbourhood filled with modern apartments and cultural venues.
• Didsbury: With its suburban charm, Didsbury is drawing families looking for a mix of city convenience and community spirit.
• Castlefield: Known for its historical significance, Castlefield offers unique residential options, from loft apartments to converted warehouses.

Market Dynamics

• Price Growth: According to recent data, Manchester has seen an annual property price growth rate of about 5%.
• Rental Yield: The city boasts a high average rental yield, making it an enticing option for buy-to-let investors.

What’s Driving the Market?

• Employment Opportunities: With a robust job market, particularly in sectors like technology and finance, Manchester is attracting a younger, skilled workforce.
• Transport Links: The comprehensive transport network, including Metrolink trams and extensive bus routes, adds a premium to property valuations.
• Cultural Appeal: From world-class museums to an eclectic music scene, the city’s cultural offerings make it an appealing place to live.

Investment Potential

For those looking to invest, several regeneration projects are in the pipeline, such as the £1 billion Manchester Airport City development. Such initiatives are expected to further boost property values and rental demand.

By staying abreast of property market trends in Manchester, you’re better equipped to make informed decisions, whether you’re considering a residential purchase or seeking an investment opportunity.

Sources

• Zoopla: Manchester Property Market
• Housing data: Manchester City Council

Structural Condition and Common Issues in Manchester

When considering a property purchase in Manchester, understanding the common structural issues and conditions can play a vital role in making an informed decision.

Common Structural Issues

• Damp and Condensation: Manchester’s climate can make properties prone to damp, leading to issues like mould growth. Period properties and poorly ventilated homes are particularly susceptible.
• Roofing Problems: Many older homes in Manchester come with ageing roofs that may require repair or replacement.
• Subsidence: While not widespread, some areas with clay soil can experience subsidence issues, causing gradual sinking of the property.
• Timber Decay: Wooden features, including beams and floorboards, can suffer from rot and woodworm, especially in older properties.

Mitigating Factors

• Surveys: A comprehensive RICS Home Survey can pinpoint many of these issues before the transaction, saving you future headaches and costs.
• Renovation Grants: Some local authorities offer grants for necessary repairs on older properties.
• Insurance: Specialised insurance products are available to cover specific structural issues.

Considerations for Different Property Types

• Victorian & Edwardian Homes: Generally robust but may suffer from damp and timber decay.
• Post-war Homes: Typically lower maintenance but may still suffer from roofing issues.
• Modern Builds: Generally come with a 10-year NHBC warranty but still advisable to get a survey for peace of mind.

Being aware of these common structural issues in Manchester properties can greatly assist you in your decision-making process, whether you are a first-time buyer or an experienced property investor.

Sources

• Royal Institution of Chartered Surveyors (RICS): Helping You Choose The Right Survey
• Home Improvement Assistance: Manchester City Council

Local Amenities in Manchester

Manchester is a vibrant city with a rich history, offering an array of amenities that cater to all lifestyles. Whether you’re a young professional, a family, or a retiree, Manchester has something for everyone.

Shopping and Retail

• Arndale Centre: One of the UK’s largest city-centre shopping malls, providing a range of high-street brands and department stores.
• Northern Quarter: Known for its eclectic array of independent shops, offering vintage clothes, handmade crafts, and specialist food outlets.

Health and Fitness

• Pure Gym: Numerous locations across the city offering 24/7 access to fitness facilities.
• Heaton Park: Manchester’s biggest public park, ideal for jogging, cycling, and outdoor exercise classes.

Dining and Leisure

• Spinningfields: A modern development with numerous fine dining options and cocktail bars.
• Chinatown: Home to some of the city’s best authentic Asian cuisine.

Family Amenities

• Manchester Museum: A family-friendly museum with exhibits ranging from natural history to ancient Egypt.
• Sea Life Manchester: An indoor aquarium that’s perfect for family outings.

Public Services

• Manchester Central Library: An iconic library offering free internet and a wide range of reading materials.
• Healthcare: Numerous GP practices and Manchester Royal Infirmary provide excellent healthcare services to residents.

Knowing your local amenities in Manchester will not only enhance your quality of life but also can be a valuable asset when considering property investment or residential purchase.

Sources

• Visit Manchester: Things To Do
• Manchester City Council: Services

Commute and Transportation Options in Manchester

Making informed decisions about property investment or home purchasing in Manchester requires thorough understanding of the commute and transportation options available. Whether you’re new to the area or considering a move, understanding your transit choices can significantly impact your day-to-day life.

Public Transport

• Metrolink Trams: Manchester boasts an extensive tram network that connects key areas within the city and Greater Manchester. Ideal for daily commuters and tourists alike.
• Buses: With numerous routes covering Manchester and its surrounding areas, buses offer a flexible option for public transportation.

Train Stations

• Manchester Piccadilly: This major train station provides national and local services, making it convenient for long-distance travel.
• Manchester Victoria: Another important station, especially useful for accessing the northern parts of Greater Manchester.

Roads and Motorways

• M60 Ring Road: This motorway encircles Manchester, providing easy access to various parts of the city and links to other major motorways.
• A-roads: Roads like the A6 and A56 offer alternative routes to and from the city.

Cycling and Walking

• Cycle Lanes: Manchester is becoming increasingly cycle-friendly, with new cycle lanes being added regularly.
• Pedestrian Zones: Areas like St. Peter’s Square and Market Street offer pedestrian-friendly environments.

Air Travel

• Manchester Airport: Located just 14 miles from the city centre, the airport offers international and domestic flights, adding to the city’s convenience for business or leisure travel.

Understanding your commuting and transportation options in Manchester not only eases your daily transit but also adds a layer of convenience to your lifestyle, which can be a compelling point for property valuation.

Sources

• Transport for Greater Manchester: Getting Around
• Train Stations: Bee Network

Planning Permission and Land Covenants in Manchester

Planning Permission in Manchester

Understanding the planning permission requirements in Manchester can give you an edge in your property investment or purchase.

What You Need to Know

• Local Plan: Manchester City Council has a Local Plan which outlines development policies. Familiarising yourself with this can provide valuable insights into areas ripe for investment or improvement.
• Conservation Areas: In Manchester, areas like the Castlefield Conservation Area have special planning conditions. Alterations to properties here often require additional consent.
• Brownfield Sites: Manchester has several brownfield sites, earmarked for development, which could offer exciting opportunities.

Common Pitfalls

• Overlooking Pre-application Advice: Manchester City Council offers pre-application advice which can save time and money. Ignoring this is a common mistake.
• Ignoring Neighbours: Local opinions can influence planning decisions. Early engagement with the community can smooth the planning process.

Land Covenants in Manchester

Land covenants can significantly affect what you can and can’t do with a property.

Types of Covenants

• Positive Covenants: These require the landowner to actively do something, such as maintain a shared driveway.
• Restrictive Covenants: These covenants limit what a landowner can do with their property. For example, a covenant might prohibit commercial usage.

Things to Consider

• Age of Property: Older properties in Manchester may have covenants that are out of date but still legally binding.
• Legal Advice: Always seek professional advice to understand the implications of any covenants on a property you are interested in.

Understanding both planning permissions and land covenants is pivotal for anyone considering property transactions in Manchester. It will guide you through the complexities of regulations and legal obligations, enabling more informed decisions.

Sources

• Manchester City Council: Planning and Regeneration
• Gov UK Restrictive Covenants