Category: STOCKPORT TOWN PLAN

Team named for Stockport Town Centre West

Optimised Environments has been appointed to work alongside Cushman & Wakefield and WSP on the creation of a masterplan for 3,000 homes to the west of Stockport town centre. The strategic regeneration framework is part of work to support the creation of the town’s Mayoral Development Corporation as announced by Mayor Andy Burnham earlier this month, focusing development on the 130 acres of brownfield land to the west of the town. According to Cushman & Wakefield, the vision is to “establish the area as Greater Manchester’s newest, greenest, and coolest affordable urban neighbourhood” which would become “the jewel in the crown” of the City Region. The council had previously worked with CBRE to draw up a feasibility study for the establishment of an MDC, while the consultant had also contributed towards the housing proposals in a report published in April last year. The proposal to establish the MDC is currently out to public consultation, while the draft framework will be consulted on by Stockport Council in spring 2019.

Cllr Kate Butler, Stockport Council’s cabinet member for economy and regeneration said: “Stockport’s Town Centre West is an exceptionally well-connected area with tremendous regeneration potential. We need to bring new homes into Stockport for the future while doing all we can to protect our Borough’s green spaces. The Strategic Regeneration Framework for Town Centre West is a key part of that approach and will set out an ambitious vision for how we can work together with landowners, developers and investors, the Greater Manchester Mayor, Homes England, and the wider public and private sectors to help the area reach its potential.”

Caroline Baker, head of Cushman & Wakefield’s Manchester Office who is leading the consultants team said: “The Council has already led the way in the transformation of the town’s office and leisure offer and we are thrilled to be supporting them now to focus on transforming the residential offer.”

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Mayoral Development Corporation – Regenerating Stockport’s Town Centre West

Transformation in Stockport could be taken to the next level when Greater Manchester leaders meet on Friday (11th January). It comes as Stockport Council works with the Mayor, Andy Burnham, to develop Greater Manchester’s first Mayoral Development Corporation (MDC), which will look to unlock development sites and accelerate the speed of transformation within Stockport’s Town Centre. Key to this is Stockport Council’s vision for Town Centre West, an urban village that would adapt the town centre to meet changing demands nationally. As a walkable neighbourhood in the heart of Stockport, it’s hoped that Town Centre West will become Greater Manchester’s newest, greenest and coolest affordable urban neighbourhood. It will provide a choice of homes and workspace where residents and business will have enviable access to public transport and be amongst the best connected in the region. And as Stockport’s popularity as somewhere to live grows, the Council is doing all it can to maximise development of new homes on brownfield sites across the borough, with developments like the Former Sorting Office site on the A6 already planned to start on site soon. This means Stockport has significantly reduced the amount of land they need to release for development in the Green Belt. At the same time the Council wants to bring new homes across all tenures, and all of the supporting amenities, into the town centre, giving more people the chance to come and live in the heart of Stockport to enjoy everything on offer. Councillor Kate Butler, Stockport Council’s Cabinet Member for Economy and Regeneration said: “We need to bring new homes into Stockport for the future, but are doing all we can to protect our borough’s green spaces. The Mayoral Development Corporation will help drive these developments shaping the future of our town. “As these plans for the MDC develop, we’d like residents and businesses to have their say for how it would bring change to our town centre.” If consultation for the MDC is given the go-ahead by leaders at the meeting on Friday, residents and businesses will be able to have their say on these important documents. An online consultation will also be launched asking for your views on the MDC, as well as writing to all of the businesses in the Town Centre West area. To get involved in the MDC consultation visit.

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The ‘Stockport revolution’: The developments that will transform the town in 2019

With so much ongoing and in the pipeline for Stockport, you may find it useful to have a read through this summary article which includes a list of developments expected in 2019.

It is certainly set to be an exciting year in Stockport with it’s landscape due to change dramatically with new developments such as Piccadilly View and the former sorting office

Read the full article from the Manchester Evening News here

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Coming Soon – The Stunning Cherry Tree House Development

A beautiful new development of 24 luxury finished, one and two bedroom apartments. The development is made from the conversion of the beautiful former Cherry Tree Hospital building plus a complete new build section to the rear. It will be finished to a very high standard by local and reputable developer, Urbanize Homes.

The development is due to be complete in June 2019 with prices starting from £150,000.

Call 0161 474 8660 or e-mail me at andrew@julianwadden.co.uk to register your interest.

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Piccadilly View – Planning approved on this stunning £30m Town Centre development

I am delighted to announce that we have been instructed as selling agents on this stunning new Town Centre development.

Local developer Sal Arya, of Urbanize Homes, have appointed CPUK to build their brand new 13 storey, 164 apartment building on the former Greenhale House site. The project was given the go-ahead last week by Stockport’s planning committee, with builders due onsite in April 2019.  

The plans for the site include 78 one-beds, 84 two-beds, and two three-bedroom penthouse apartments in a 13-storey block along with a commercial unit at ground floor; this is likely to be occupied by a coffee shop. Nine of the apartments are to be affordable, in line with Stockport’s planning policy.

We are taking enquiries immediately. If you are interested and would like further information then please contact me at andrew@julianwadden.co.uk

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Stockport into best buy-to-let investment area Top Ten

Stockport has entered the top 10 of buy-to-let investment areas in England and Wales, in new data published by specialist mortgage lender LendInvest.

It sits in second place, behind only Colchester in Essex, in the new quarterly Buy To Let Index Reporthaving moved up a whopping 18 places from 20th in last July’s figures. In more excellent news for the BTL scene in the north-west, Manchester is one place below its near-neighbour.

The research looked at each postcode area around England and Wales and focused on a combination of four critical metrics: transaction volumes, rental price growth, rental yield and capital value growth.

LendInvest November 2018

©LendInvest

From these four metrics, Stockport has performed particularly well in capital gains with a growth of 6.34% and has been helped by rents rising by 3.18% over the same period. Strong yields of 5.29%, backed by reasonable figures in capital gains and rent growth, has helped Manchester move two places up in the index and the city’s buoyant property scene seems to be rubbing off on nearby areas. Elsewhere in the north of England, both Leeds and Harrogate feature in the top 20 at 12 and 20 respectively.

The Midlands also ranks highly in the new LendInvest data, with Birmingham joined by Wolverhampton and Coventry in the top 10.

Ian  Boden, Sales Director at LendInvest, commented, “The growing opportunity for BTL investors in these regions reflects a knock on effect of investment in these key cities. Locking down a solid prediction of how the landscape will look into the New Year is no easy task. In this instance, we know it is best to let the data do the talking.”

 

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Stockport is Region’s Fastest Growing Economy

A report by law firm Irwin Mitchell has shown Stockport to be the region’s fastest growing economy!

As  reported in the Manchester Evening News, the UK Powerhouse Study produced by Irwin Mitchell and the Centre for Economics and Business Research, reports that Stockport is the region’s fastest growing economy but Manchester is set to maintain strong jobs growth post Brexit.

Stockport is part way through a £1bn programme of investment that has seen a new business zone offering Grade A office space at Stockport Exchange; the Town Centre Access Plan – TCAP and a new leisure development at Redrock incorporating a new cinema complex and choice of popular restaurants. Phase 3 of Stockport Exchange will provide for another 60,000 sq ft of Grade A office space in a six-storey development adjacent to Stockport Exchange.

Future projects include for a new £85m transport interchange in Stockport town centre which will include the creation of a two acre park and a focus on creating town centre living.

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Attention Stockport Landlords – Are you aware of the tax changes on Buy To Let properties?

Landlords, are you are aware of the imminent tax changes that are potentially affecting Buy to Let Landlords?

These changes were introduced in April 2017 and progressively increase the tax liabilities of all 40% tax paying Landlords who have Buy to Let mortgages. Is this you? The first time you may become aware of this extra tax burden could be when you receive your next tax demand in January 2019.

We are recommending a meeting with our internal Buy to Let Expert to talk you through the implications and potential solutions.

Please call on 0161 474 8660 or email us stockportlettings@julianwadden.co.uk to arrange a convenient time for either a telephone or face to face meeting.

 

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