Browse Sections
Interactive
Popular Sections
Cold with some sunNews
Inner-city on the up at last
20/12/2002
THE TIDE is finally turning in Langworthy - regeneration and the 'central Manchester effect' have led to house prices rocketing as families flood in.
Salford Council's housing boss Cllr John Warmisham admitted this week he was shocked to find houses which a few months ago sold for just £5,000 are now on the market for £19,000.
He says the once-shunned inner city is now becoming a destination of choice for young families because the area's regeneration has shown it has a future.
"What you are seeing is the central Manchester effect - and it's spilling into central Salford, especially Langworthy, Seedley and parts of Broughton. It's still cheaper than going into central Manchester. You have a lot of good transport links, facilities and schools are improving," he said.
Prices of houses bought for the Homeswap scheme and for demolition are more than twice the price they were a year ago.
Local estate agent Matthew Gregory of Gemini Estates said: "Houses are selling well and prices have gone up. There was a lot of uncertainty but prices are rising and on the periphery some are selling for £30,000."
Got an opinion you want to share?| Card | BT Fee |
| Virgin Credit Card | 2.98% |
| Capital One Low Rate Balance Transfer | 1.7% |
| Capital One Low Rate Platinum | HASH(0x2abf3ab96fb0) |
| Capital One Fixed Rate Card | 0.0% |
| Company | Typical APR |
| Platinum Exclusive Loan | 7.8% |
| Bank of Scotland (Semi-exclusive) | 8.6% |
| Halifax (Semi-exclusive) | 8.6% |
| Alliance & Leicester | 8.7% |
| Sainsbury's Personal Loan | 8.9% |
| Provider | AER* |
|
ICICI BANK HiSAVE Savings Account |
5.50% |
|
SAINSBURYS FINANCE Internet Saver |
4.00% |
|
FIRST DIRECT Everyday e-Saver |
2.75% |
|
ALLIANCE & LEICESTER Online Tracker |
6.00% |
|
ABBEY Instant Access Saver (Special Issue 2) |
6.00% |
|
ING DIRECT Savings Account |
6.00% |
|
ALLIANCE & LEICESTER eSaver - Issue 2 |
6.30% |
|
ABBEY eSaver Direct |
6.00% |
|
POST OFFICE Instant Saver |
3.75% |