Stretford highlighted as the 6th hottest place to invest in the UK
Sunday Times have ranked Stretford among coolest neighbourhoods of 2021, highlighting the area as the 6th hottest place to invest in the UK.
Here’s what you need to know about the area.
A bit of background information
Stretford is a town in Trafford, Greater Manchester. It lies between the River Mersey and the Manchester Ship Canal, 3.8 miles (6.1 km) to the southwest of Manchester city centre.
Historically, during most of the 19th century, Stretford used to be an agricultural village with its own market, locally known as Porkhampton. The industrialisation that had commenced in the late 19th century was accelerated by the arrival of the Manchester Ship Canal in 1894, followed by the development of the Trafford Park industrial estate in the north of the town.
A new regeneration plan has been revealed by Trafford Council. The plan proposes building 800 homes, remodeling Stretford Mall, reinstating King Street High Street and the redevelopment of the car park at Lacy Street into a mixed-use plan.
You can find more information on the regeneration plan following the link: Regeneration Plan, Stretford.
“The proposals will significantly improve connectivity, create valuable green and open spaces, and hubs for people to gather and interact. It will also help attract local independent businesses and exciting retail and hospitality brands, while enhancing the lives of residents and visitors.”
The regeneration plan will prompt a gentrification process – changing the character of the neighbourhood through the influx of more affluent residents and businesses.
Cool Places Popping Up in the Neighborhood
Stretford Mall has already started introducing cool places to experience. As noted by The Sunday Times, Stretford Food Hall is the “coolest corner shop”.
The Food Hall offers the experience of a “Market Hall” which is subdivided into a supermarket, beers, wines and spirits, and a variety of street food choices.
The Supermarket is stocked with a wide range of products from both local and overseas suppliers giving a healthy choice of groceries for local and international residents.
The alcoholic beverage section offers a selection of vegan and vegetarian and more traditional options. An interesting concept in this section is wine taps that you can refill at your convenience after buying a bottle once. A thing to note is products from both the supermarket and alcoholic beverage sections are mainly sustainable and green, helping the environment which is crucial in today’s times.
The food hall has three open kitchens and they welcome any independent food vendor. As a result, the menu line-up changes about once a week which keeps customers excited for new flavours.
Parties & Pop-Ups
One of the most well known spots at Stretford is Essoldo Cinema. It was designed by Salford born and bred Henry F Elder and opened in October 1936. The cinema became an immediate success and screened popular movies, hosted stage shows and even some circus action.
It was then purchased and turned into a Top Rank Bingo Hall which turned out to be the place to go to by locals. Unfortunately, the building was later abandoned.
On the bright side, a group of enthusiastic locals have recently started arranging a variety of day and night events, parties and exclusive pop-ups in the neighbourhood. The team at Essoldo have been organising events such as an immersive cinema and cider festival. Hopefully this recent attraction will spark a redevelopment plan of the iconic building.
To invest or not to invest?
It is great news that Stretford has a masterplan to rejuvenate and attract new residents. Though the regeneration plan is still at its early stage, interest in the area is increasing with savvy first-time buyers, investors, and young families making the move to capitalise on the future potential of the area whilst property prices remain low. If you’re interested in investing early in Stretford please get in touch via email@example.com, call +44 (0) 1618060015 or take a look at our up-coming Royal Canal Works project, right on the canal bank next to Stretford Metrolink Station.
The Greater Manchester Combined Authority has announced that its long-term plan, Places for Everyone, has moved into its next phase. Insider Media.
Rightmove published its July House Price Index report, Rightmove.