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Moss Side house prices have risen at the fastest rate in Manchester over past 20 years


04-07-2016

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Home owners in Moss Side have seen their house prices rocket by more than 500 per cent since 1995

Property prices in Moss Side have increased more than twice as much as neighbouring areas since 1995.

The Office for National Statistics have broken down average house prices for the last 20 years for every small neighbourhood in England and Wales.

Property prices in the Moss Side area of central Manchester have risen from £17,265 in 1995 to £105,102 in 2015 - an increase of 509 per cent, placing it in the top fifth of areas nationally for its performance.

Anyone owning a house in the area is likely to have seen its value skyrocket in comparison to people living in nearby Hulme, which 'only' saw an increase of 245 pc, which despite being a notable rise, was way behind that of its neighbour.

 

Similar stories to this can also be observed in more north eastern parts of the city where house prices in Newton Heath - which rose by 193 pc - have been massively outperformed by the neighbouring areas of Monsall and Clayton Vale, which saw increases of 334 pc and 443 pc respectively.

On the other extreme however, Oldham has seen the lowest increase with the average price for a home just outside the town centre costing £32,304 in 1995 while in 2015 their value stood at only £68,122, a change of only 111 pc.

The border between Manchester and Stockport around Houldsworth Golf Course is another area with house prices on the Manchester side increasing by 350 per cent since 1995 compared to 183 per cent on the Stockport side.

Most areas in Greater Manchester have seen house prices grow at slower than the average rate for England and Wales since 1995 as house prices vary wildly across the region with some pockets of otherwise poor areas rapidly increasing in value over the past two decades.

Use our interactive map to see how your neighbourhood compares

www.manchestereveningnews.co.uk

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