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Property

Farnworth market precinct set to get £50m transformation including 200 new homes

‘Bringing the power back to the town centre’

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Capital & Centric

Farnworth market precinct is set to become a new vibrant town centre community with £50m transformation plans. 

A deal has recently been agreed between Bolton Council and stars of BBC2 documentary Manctopia Capital & Centric to regenerate the site and rejuvenate the town centre. 

Those from the area are being asked what they think of the proposals of around 200 new modern homes surrounding the public space, as well as a flexible indoor community space with a village hall feel. 

The vision is to create a new bustling destination for artisan markets, live events, art galleries and pop-ups for foodies.

Capital & Centric

The site is a short walk from the train station, sitting on King Street, giving it easy access to both Bolton and Manchester. The refurbished bus station is also on the site’s doorstep, making it an ideal location for commuters.

A linear park will also link to Farnworth Central Park to bring green space to the doorstep of the community. 

Locals are being asked what amenities they would like to see as part of the market precinct such as café-bars, delis, a mini-cinema, gym and co-working space for workers and businesses to base themselves.

Tim Heatley, co-founder of Capital & Centric, said: “It’s been talked about for a while now, but I think 2021 will be the watershed year for rebooting and levelling up our town centres. To get them thriving again we need to bring people into the town centre, so we’re bringing homes of a quality seen in the city centre right into the heart of Farnworth.

“These will sit alongside all the other bits you need to make a proper community, so tons of outside space, with a new public square and linear park, and a new indoor community space for events and pop-ups.

“We’ll also have all the other parts of the eco-system like café-bars, delis, a mini-cinema, gym and co-working space. This will be a new destination for people living in Farnworth to live, work and hang out. As usual for us we’ve gone for a bold design and we’re keen to hear what people think. We’re buzzing with ideas but we want to create this community together so come and join the conversation!”

Capital & Centric

Deputy Leader of Bolton Council, Cllr Martyn Cox added: “It’s really exciting to see the proposals for Farnworth town centre beginning to take shape so quickly. CAPITAL&CENTRIC have made a great start since the council agreed the deal with them last year to take forward the redevelopment of the former market precinct.

“This part of Farnworth has huge potential and we’ve now got a clear set of ideas for transforming the area. It’s got everything: high-quality homes and employment, retail and leisure opportunities.

“Now it’s over to local residents to hear what they think – so I’d encourage everyone to respond to the consultation and be part of shaping Farnworth town centre’s future.

“It’s been a tough year for everyone due to the Covid-19 pandemic, but it’s important we focus as soon as possible on helping communities recover. Delivering projects like this will be a key part of that.”

There is no public event due to Covid-19 restrictions but there are a number of ways people can join the conversation:

 

Property

This huge £3m Lake District house could be yours for just £10

The competition is aiming to raise money for Cancer Research UK

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Omaze

An enviable £3m home in the heart of the Cumbrian Lake District is being auctioned off for as little as £10.

The gorgeous six-bedroom property is situated on the cusp of Lake Windermere, one of the most popular holiday destinations in the whole of the UK.

Not many people are able to call this location home but, now, you could become a permanent resident thanks to a unique million pound house draw.

Fundraising company Omaze is raffling off the fully-furnished house with bundled entries to raise money for Alzheimer’s Research UK, with the cheapest bundle being just £10 for fifteen entries.

Omaze

Omaze

Once selected at random, the winner will be handed the keys to the property, completely mortgage-free and with no stamp duty or conveyancing to pay. Omaze will also be giving the winner an extra £20,000 to help you them started, whether they decide to move straight in, use it as a holiday home or sell it for the money.

So, what does the house include?

The property sits in Bowness-On-Windermere and provides panoramic views of the surrounding mountains and Lake Windermere, the largest natural lake in England. 

As mentioned earlier, the home will come fully furnished and features a large living area with a traditional wood burning stove and comfortable sofas and seating. There is also a handsomely sized kitchen with a breakfast bar and a number of modern appliances.

The property is ideal for hosting parties with a large twelve seater dining table, private cinema room and rustic indoor-outdoor BBQ kitchen, complete with a log burner and beautiful outdoor seating area.

Omaze

Omaze

Each of the six bedrooms come complete with king-size beds with sprung mattresses and contemporary headboards, two with en-suites and three with balconies. On the top floor sits a large en-suite penthouse which boasts the very best views of the Lake Distract.

And just when you thought this property couldn’t get any better, it also comes complete with a private gym, spa, sauna and steam room. 

Entries close on March 27th and the winner will be announced on April 1st. And don’t feel too glum if you don’t win the house; there are also a number of ‘secondary’ prizes to be won, including a Mercedes G Wagon, a Jaguar F Type and cash prizes ranging up to £100,000. 

For the full terms and conditions and to enter the competition, visit the Omaze website here.

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Property

Gary Neville’s new £200m St Michael’s neighbourhood development to begin construction in January

St Michael’s will boast a 41 storey tower with 191 hotel rooms, 181 apartments, and a 900 cover restaurant with city views

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Revere

Gary Neville has announced that work on his ambitious £200m neighbourhood development St Michael’s will be getting underway in January 2022.

Plans for the highly-anticipated St Michael’s neighbourhood began back in 2016, though the development has been fourteen years in the making – the ex-Manchester United star said he is aware that many were sceptical it would ever come to fruition, but has insisted that the project is in ‘the home straight’. 

And today, Neville has shared first-look graphics of what St Michaels will look like, writing on his social platforms: “Welcome to St Michaels , Manchester . We’ve just completed the deal to build phase 1 starting in January and can’t wait.”

The build will take place in two phases courtesy of a joint venture between Gary Neville’s Relentless and US investor KKR, with the first being delivered by contractor Bowmer & Kirkland and focusing on 185,000 sq ft of commercial space across nine floors at the site of the former police headquarters on Southmill Street.

Revere

The new office spaces will offer tenants their own designated roof space – which will boast impressive skyline views overlooking the Manchester Town Hall and Manchester Library – private terraces and areas for meetings and presentations, and interiors designed by Skidmore, Owings & Merrill.

They will also have access to increased cycle storage, and enhanced changing and showering facilities.

St Michaels will also house a huge public space billed to be a ‘hub of music, food, drink, and entertainment’, and is expected to generate 1,800 new jobs. 

The second phase of the development will focus on the hospitality and residential elements in the form of a forty-one-storey tower with 191 hotel rooms and 181 apartments, as well as a 900 cover restaurant with city views.

Relentless and KKR are also aiming for high sustainability credentials, with the hope to achieve BREEAM Outstanding, five stars on NABERS and WELL Platinum status, which would make them some of the most eco-friendly and energy efficient spaces in the country.

Revere

Gary Neville said on the development: “This is such an important project for Manchester. We are really pleased to be announcing the start-on-site in what is another major step forward for this legacy scheme. The aim is to deliver a world class development for our city and the UK. 

“Our team has worked tirelessly with our joint venture partner KKR, along with contractor B&K and Manchester City Council, and it is the dedication of these teams that has enabled the first phase to come to fruition in the new year.”

Manchester City Council are fully backing the development, with city council leader Bev Craig saying: “This is momentous news for the St Michael’s project. This development will be transformational for the Jackson Row area and confirmation that a start on site is imminent is very welcome.”

St Michael’s will begin phase one of building in January 2022, with an expected completion date in 2024. Head over to the St Michael’s website for news and updates.

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Property

Renters will no longer have to pay deposits under new tenancy scheme

There will still be some fees to look out for, however…

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Stocksnap & Bellway Homes

Tenants will no longer have to fork out for costly deposits when renting a home under a new tenancy scheme. 

The majority of landlords require their tenants to put down a deposit in order to secure a property; on average, renters have to put down a £1,054 deposit to secure a tenancy, according to the Office for National Statistics. 

But now, a new scheme launched by rent guarantor Housing Hand could very well be putting an end to expensive deposits.

Their scheme means that working professionals and students alike can move into a property without coughing up hundreds of pounds for a deposit.

@schluesseldienstvergleich_eu / Unsplash

Instead, renters will have to pay a £25 joining fee and and a one-off payment for the scheme.

The one-off charge is the equivalent of 20% of one month’s rent to Housing Hand, which is paid in monthly instalments stretched across the length of the tenancy.

For example: If you paid £500 rent a month for twelve months, you would need to pay £100 over one year – which works out at roughly £8.33 a month, plus the £25 fee up-front.

However, there’s a catch; landlords aren’t legally obliged to accepting Housing Hand as a rent guarantor, so there’s no guarantee they’ll agree to waiving a deposit.

Soroush Karimi / Unsplash

Renters will also need to provide personal information in the application, such as proof of identity, proof of address, and evidence that you earn at least 1.5 times your share of the monthly rent if you are a working professional and not a student.

And, while Housing Hand says using the scheme will not affect your credit score, a missed rent payment means Housing Hand would pay the rent on your behalf, something renters would be required to pay back.

Oh, and tenants won’t get the fee they paid to Housing Hand back at the end of the tenancy, though I’m sure we can survive without £25.

However, experts have warned renters about using these type of schemes that offer the option to move in without a deposit.

@benchaccounting / Unsplash

Generation Rent deputy director Dan Wilson Craw said: “Renters should be careful about using schemes like this as they are not regulated and ultimately cost more than traditional deposit schemes as they aren’t refundable.

“We have heard from tenants who have used other deposit-free schemes and found that after paying for the coverage every month, they move out and are hit by a large claim for any damage or wear and tear that is very difficult to challenge.”

For more information, head over to the Housing Hand website.

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