Modern Ancoats is a compelling mix of old and new. The city has not only managed to retain many of the area’s historic buildings, it has managed to repurpose them for business and/or residential use. This has been combined with sensitive new building to create one of Manchester’s most desirable areas.
Located about a mile North of Manchester Piccadilly, Ancoats is not on the Metrolink light rail, however it does have a tram service. The local station is branded as “New Islington” and the journey takes about 15 minutes. Ancoats also has plenty of local buses.
Currently, properties in Ancoats have an average sales price of £279,447. As Castlefield is in Manchester city centre, the vast majority of properties are flats and terraced houses. Flats have an average sales price of £282,914 and terraced houses have an average sales price of £196,000.
Average rental yields around Greater Manchester as a whole are about 5.5% but in Ancoats specifically, you could be looking at anything between 4% and 7%. This difference highlights the importance of buying astutely.
The main demand in Ancoats is from young professionals, singles, couples and sharers. This means that there is a need for both smaller and larger rental properties.
Ancoats is probably best known for its many places to eat and drink, including some historic pubs. It’s home to both the Hallé orchestra and its community outreach arm, Hallé St Michael's. There’s also a decent range of nightlife options in the area.
For anything else, Manchester city centre is just a short hop away and Manchester Piccadilly can take you either out to the countryside or further afield in the UK.
| Date | Capital Growth | Change |
|---|---|---|
| Nov 2020 | £208,697 | 3.4% |
| Nov 2019 | £201,903 | 3.4% |
| Nov 2018 | £195,218 | 4.9% |
| Nov 2017 | £186,172 | 5.3% |
| Nov 2016 | £176,861 | 7.1% |
| Nov 2015 | £165,207 |
| Bedrooms | Rental Yields |
|---|---|
| 0 | N/A |
| 1 | 5.7% |
| 2 | 4.5% |
| 3 | 3.9% |
| 4 | N/A |
| 5 | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £173,667 (3) | £157,500 (1) | N/A | N/A |
| 2 | £141,750 (2) | £257,500 (2) | £171,000 (1) | N/A |
| 3 | £268,750 (2) | £186,000 (3) | N/A | N/A |
| 4 | N/A | N/A | N/A | N/A |
| 5 | N/A | N/A | N/A | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £781 (203) | N/A | N/A | £766 (4) |
| 2 | £927 (327) | £1,239 (3) | N/A | £901 (1) |
| 3 | £1,341 (18) | £1,466 (3) | N/A | £1,200 (1) |
| 4 | N/A | N/A | N/A | N/A |
| 5 | £2,002 (1) | N/A | N/A | N/A |
Property statistics provided by PropertyData.
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