Despite the economic downturn and what can only be described as a housing market crash, there are areas in the UK where the property market continues to do well, if not thrive. Certain areas of London and the surrounding counties remain highly priced, though that may not be good value. In Manchester, however, there are pockets of extremely good value property.

Relatively low cost property in areas with either a good reputation, an up and coming status or those that are considered \’trendy\’ are where you should be looking, whether the property is to live in or to invest in. So what are those areas and how can you find them.

Manchester has several areas that are undergoing regeneration, either \’forced\’ by the council or naturally by an influx of new buyers. Let\’s take a look at those first.

Ancoats is an area that was at the hub of the industrial revolution in the city and has gradually been converting itself into a more residential area over the years. Today property prices in Ancoats are quite reasonable compared to other, more established areas of the city.

A search on estate agents websites will show a range of Ancoats property types at a range of prices, but a quick comparison with other areas for the same property types will show that bargains can be had.

Similar areas to Ancoats include Hulme, Cheetham Hill and Newton Heath. Cheetham Hill property in particular offers some really good value to investors and is becoming a good place for city centre living.

More established areas still offering value are the Northern Quarter, Piccadilly and The Village. Northern Quarter property is likely to have higher prices than the likes of Ancoats as it is arguably one of the trendiest areas in Manchester to live.

Demand for Northern Quarter property is high, though it tends to be in the rental market. Just check letting agents in Manchester to see the rent price levels. This offers a fantastic opportunity for property investors if they can find the right kind of property at the right price.

The Village offers a similar opportunity, though it also represents a good location for buyers wishing to live in the city centre. It is a \’trendy\’ area that is much in demand but property prices are generally lower than the Northern Quarter and some bargains can be had.

Piccadilly is as central as it gets and prices reflect that. Residential property is also relatively scarce so supply is low, pushing prices up further. When a Piccadilly property does come to market, either to buy or to let, it is snapped up but if you\’re on the ball and quick (and a strong negotiator) then every now and then you can pick up a bargain, especially if you\’re willing to invest in some renovation of older properties.

Manchester property still provides some of the best and highest value in the country if you know where to look and you get your timing right.

Ben Greenwood is writing on behalf of Shepherd Gilmour, specialists in Northern Quarter property, Cheetham Hill property and Ancoats property.

Ben Greenwood is writing on behalf of Shepherd Gilmour (http://www.shepherdgilmour.com), Manchester estate and letting agents.

Author Bio: Ben Greenwood is writing on behalf of Shepherd Gilmour, specialists in Northern Quarter property, Cheetham Hill property and Ancoats property.

Category: Real Estate
Keywords: estate agents, letting agents, property to buy, property for sale