It has been reported in Place, North West that Wellesley House is set to be converted in to residential accommodation.
Wellesley House, a prominent 46,000 sq ft office block in Stockport town centre, could be converted into 77 apartments under plans put forward by developer Mandale Homes.
The seven-storey office block fronts the A6 and sits around 500m from the Merseyway shopping centre, and is also near Junction 1 of the M60.
Former tenants include a Job Centre on the ground floor, and the Department for Work & Pensions, but the building is now largely empty. Space on the seventh floor was previously marketed by consultancy Hallams.
Mandale Homes is proposing to convert the building into a mix of 51 one-bed flats and 26 two-beds. Existing access from both Laurel Street and the A6 will be retained, as will the building’s existing 83 car parking spaces, and cycle parking will be added. The professional team includes TPS as transport consultant. The developer, Mandale, is based in Stockton-on-Tees.
Office-to-residential projects have become increasing prevalent in Greater Manchester in the last 12 months, particularly around Old Trafford where a number of lower-grade office buildings are being converted into apartments or student accommodation.
A planning application has been submitted for a £24m overhaul of Stockport College’s campus on the A6, with a team including contractor Wates, planner Indigo, and architect Project3 aiming to complete the development by December 2020.
After their successful production of “Oklahoma! in 2017 Stockport Operatic Society are pleased to present the wonderful comedy musical “Me and My Girl” live on stage at the Plaza. With music by Noel Gay and book revisions by Stephen Fry this amateur production is presented by special arrangement with Samuel French Ltd.
You will love the songs like The Lambeth Walk, Once You Lose Your Heart, Love Makes the World Go Around, The Sun Has Got His Hat On – as well as Leaning on a Lamp Post and the title song Me and My Girl.
Just 35% of 25 to 34 year olds were homeowners in 2017, down from 55% twenty years ago. Only 60% of young adults with a 10% deposit and a loan based on an income multiplier of 4.5, can afford the cheapest properties in their local area according to a new report produced by the Institute of Fiscal Studies.
Rising property prices, primarily prior to the financial crisis, compared to incomes have been the major factor in this change. Adjusting for inflation, average house prices in England have risen by 173% over the last twenty years, compared to real incomes of those aged 25 to 34 which have risen by just 19%.
Regional disparity in house prices is far more acute than among incomes. Across London and the South East over 90% of young adults would need to save at least six months’ income for a 10% deposit on an average priced home in their area. This compares to under 60% across the North East, North West and Yorkshire and the Humber.
The introduction of incentives such as Help to Buy, have undoubtedly proved beneficial for many first-time buyers. Nearly 170,000 have benefitted from a Help to Buy equity loan since its introduction in 2013. Similarly, over 69,000 first-time buyer households have saved on average £2,300 each thanks to the first-time buyer stamp duty tax relief announced in the 2017 Budget.
There is little else more quintessentially British than the chocolate box cottage. Bringing up idyllic images of rambling roses framing the doorway, thatched roofs, exposed beams and open fires, an escape to a rural retreat is the aspiration of many.
We have taken the opportunity during this National Chocolate Week to delve further into this market and the buyers who have made this dream their reality this year.
So far in 2018, there have been 2,100 country cottages sold in rural locations across England and Wales. The South of the country dominates, with 46% of sales but a fifth were in the Midlands and 15% in the East. The remaining 19% were spread across the North, Yorkshire and the Humber and Wales.
Unsurprisingly, buyers are prepared to pay a premium for a rural idyll. Chocolate box cottages sold this year for an average of £364 per square foot. This is 33% higher than the average price paid for all homes across rural locations.
Car dealer Pendragon Group has outlined proposals to build a 34,500 sq ft Porsche dealership and preparation facility on a plot of land off Marsland Steet, alongside the M60 and the town’s Tesco Extra.
Designed by architect Unwin Jones Partnership, the development is split over two sites: the larger site directly alongside the M60 will feature a sales area and dealership, which will be supported by a vehicle preparation facility in a separate building, opposite Tesco and bordered by the River Tame.
Both sites are currently vacant.
The main showroom, split over two levels and measuring around 26,500 sq ft, will feature a workshop, customer areas, a reception and admin office, along with around 40 car parking spaces for customers.
The smaller preparation facility of 8,000 sq ft includes vehicles servicing and repair bays as well as a compound with room for around 240 vehicles. Access to both will be via Marsland Street, via Great Portwood Street. Zerum is planner for the scheme.
If approved, the dealership will be the second major development of its type to be brought forward in Stockport, following a £60m Mercedes-Benz showroom which is being built alongside the M60 on the approach into the town centre.
Elsewhere in the North West, a 43,000 sq ft Porsche centre is also set to open in Preston next year. This is currently being built by Warden Construction.
If you have ever sold your home, you will be all too familiar with the pressure to make the property look tip-top in time for a viewing. Your home must appeal to the most likely type of person to buy it, so it’s vital to understand a bit about the demand profile in your area. The chart above shows the demographic profile of our part of the world.