Manchester United's birthplace sees house prices double in a year
Published by Jon Land for 24dash.com in Housing and also in Development
An area of Manchester has seen house prices more than double in the last 12 months.
Property values in Newton Heath - the birthplace of Manchester United - have shot up from £65,000 to £135,000, resulting in the area having some of the fastest rising house prices in the UK, the latest figures from the Land Registry have revealed.
Recent development work on brownfield sites has led to the creation of new apartments and houses in the former industrial region.
Newton Heath Lancashire and Yorkshire Railway Football Club was established in the area in 1878, and later became Manchester United.
House prices across Greater Manchester have shown an upward trend in the last year. Land Registry figures show that three other areas: Broughton, Castleton and Cheetham Hill all saw price rises of over 50% during the past 12 months.
Average prices rose last year in more than 200 postcode districts across Greater Manchester.