Vue d'ensemble

Red Cat Residence offers purchasers an attractive opportunity in Hindley Green, a village of some

11,000 residents in the Metropolitan Borough of Wigan. Set on the A578, Leigh Road, it is located just 17km (11 miles) west of Salford and puts residents within easy commuting range of central Manchester. Combining both new-build and remodelled apartments, Red Cat Residence offers stylish one- bedroom homes. All are built and fitted out to an exacting standard, and should hold a strong appeal to those seeking urban convenience, energy efficiency and attractive modern living spaces.

In the wake of the cost-of-living crisis, affordability has become a key constraint on house price growth. As a result, capital appreciation rates have slowed in many popular city centres, and demand has often shifted towards more affordable commuter belt communities.

A powerhouse of business growth and new employment, Manchester’s economy continues to

attract thousands of new workers to the region. Between 2011 and 2021, the city’s population reportedly grew by +9.7%. However, with local housing stocks being both limited and expensive, many new incomers have looked to the surrounding territory to make their budgets stretch further. Hindley Green is one of numerous communities to have seen this effect.

Demand is also being driven by economic growth in nearby Bolton and Liverpool. Here again, their populations and employment rates are rising and, in many districts, average prices are much higher than in Wigan.

Hindley Green is well placed to accommodate the excess demand, which is also being generated by its immediate neighbours. ONS reports that between the Censuses of 2011 and 2021, the largest population increases in the North West were seen in Salford (+15.4%) and Chorley (+9.9%), both of which border Wigan borough. Of course, when it comes to assessing demand for

residential property, one should not overlook the expansion of Wigan itself. The town has an estimated population of 110,000 and this rises to between 330,000 and 335,000 across the wider borough. 

Wigan Council calculates that there are 143,100 households within the area – a number that has risen by +4.9% since 2011. As a consequence of these and other factors, Greater Manchester Combined Authority estimates that if demand is to be met, around 12,000 new homes will be needed in the Wigan and Bolton Corridor. Until that shortfall is addressed – which seems a distant prospect – capital and rental values can be expected to rise steadily.

The development is set a short way back from Leigh Road and features both a property conversion and a new-build apartment building. The remodelled element will see the creation of ten one-bedroom apartments in what was formerly a large private home. To the rear of the property, a new three-storey building is being constructed, and this comprises a further 15 apartments. The various properties will be designed and built to the latest standards for safety, and will achieve an EPC rating of at least Band C, making it attractive to energy-conscious tenants.

- 25 units ONLY with pricing starting at £110k

- Development split into two blocks (A & B) with block A completing in March (10 Units) and B before the end of 2025 (15 Units)

- Block A is refurb, Block B new build

- £5k res, 20% exchange (minus res) and remainder on completion

- Parking included