Everything You Need to Know About Greengate
The North West has truly made a name for itself over recent years, with one city, in particular, firmly cementing itself as one of the UK’s best places to live.
Thanks to ongoing regeneration schemes, increasing business opportunities, and a glittering shopping, leisure, and nightlife scene, Manchester is now in the spotlight as one of the best UK locations.
As the second-largest city next to London, Manchester boasts a variety of stylish areas and hotspots throughout. Popular postcode areas like Salford Quays and Spinningfields are all considered up-and-coming parts of Greater Manchester.
However, one area that many people may not be too familiar with is Greengate Manchester. Nicknamed as Manchester’s answer to Brooklyn, this trendy new Manchester hotspot is one to watch for those seeking a place to live or invest in for 2023 and beyond.
But what is Greengate Manchester? What is the history of the Greengate Manchester postcode? And what makes the area so appealing?
Find out everything you need to know about Greengate with our helpful guide.
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What Is Greengate Manchester?
Greengate is an area of Salford, Greater Manchester, located to the East of Salford. The Greengate Manchester postcode is M3.
Greengate Salford is bordered by the River Irwell and close to other popular Manchester areas like Blackfriars.
Made up of 13 hectares of land, Greengate is located between Chapel Street, Blackfriars Road, and Trinity Way.
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Greengate Salford History
Greengate has been described as the ‘original historic core’ of Salford and boasts an extensive history.
Like many major hotspots around the world such as New York’s Brooklyn or London’s Canary Wharf, Greengate was once a run-down area, particularly during the 19th century. Today, thanks to ongoing regeneration, the area has undergone a huge transformation and is now a far cry from what it once was.
The Greengate area was once the administrative centre for judicial and military purposes. It was also the main area for the town market and annual Salford fairs.
Long before the Industrial Revolution, Greengate was noted as a key area for textiles and dyeing.
An interesting fact about Greengate’s history is that in 1800, the Clergyman William Cowherd established Christ Church chapel, which saw the development of a new denomination named the Bible Christian Church.
This denomination had a significant influence on the modern vegetarianism movement, and 41 members of the Bible Christian Church travelled across the Atlantic to the USA in 1817 to preach the message of abstaining from eating meat.
One famous landmark of Greengate was Collier Street Public baths, a Grade II* listed site that first opened in 1855. In the 20th Century, the baths were closed and turned into a matchbox factory.
By 1926, the second birth control clinic outside London was opened in Greengate, providing free family planning advice to working-class women.
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Greengate Manchester Regeneration
Throughout the 21st Century, Greengate has become a significant regeneration zone for Manchester.
In 2013, Greengate Square was launched. This regeneration scheme, named the Greengate Scheme, generated £400m of investment and created 5,200 jobs.
By 2024, Greengate Salford will become a distinctive area ‘proud to be more Brooklyn than Manhattan’.
The 2024 vision for the area is for Greengate to be a place where businesses and people can prosper.
Plans in place for the regeneration of Greengate Manchester include a new Greengate Park and a Greengate Boulevard that links Greengate Square with the area’s new park. It will also link Market Cross to Collier Street Baths, another location set to be regenerated.
Many shops, restaurants, museums, corporate offices, and apartments will be opened up in the Greengate area to encourage tourism and promote Greengate Salford as a great place to live in Manchester.
Overall, the new development plans for the area will attract a lot of interest to Greengate and Manchester as a whole, boosting the region’s economy for many years to come.
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What Makes Greengate Salford a Good Area in 2023/24?
As of 2023/24, what is there to do and see in Greengate? And is Greengate a good place to live or visit?
Greengate is a great part of Manchester due to the following qualities:
- Greengate is just a short distance from Manchester city centre.
- From Greengate, it’s less than a 10-minute walk to Salford Central Station, connecting passengers to other parts of the city and across the United Kingdom. Manchester Victoria station is also within easy walking distance.
- Luxury shops are just a short six-minute walk away, such as Harvey Nichols and Selfridges.
- The Spinningfields Financial District is only 15 minutes away by foot, offering a range of great business opportunities for Greengate residents
Because of the appeal of this area, many property developers have started building new developments in Greengate to cater to the demand for central Manchester properties.
For young professionals looking for a trendy penthouse or two-bedroom apartment in a prime location close to Manchester’s top attractions, renting a flat in the Salford M3 postcode is a perfect choice.
This spotlight on Greengate as a good place to live in Manchester has struck the attention of many buy to let investors looking to tap into the Manchester property investment market.
Find out more about why investing in Greengate Manchester is such a popular option right now.
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Interested in Investing in Greengate Salford?
Greengate Salford in Manchester is set to be one of the coolest areas in the North West and the UK as a whole.
If you’re looking to invest in a thriving regeneration zone with an exciting future ahead of it, buying property now is the best decision you could make.
By 2028, North West properties are expected to grow in value by 20.2% on average. In areas where ongoing regeneration and demand is high, this growth could be even more impressive.
We have an exclusive investment opportunity available here at RWinvest to purchase a unit in a new development located right on the Greengate waterfront.
Embankment Exchange is a new luxury property development made up of stylish one, two and three-bedroom apartments with a premium feel.
This impressive development will be 34 storeys high and offers work from home booths, a full onsite gym with river views, an onsite concierge, and a trendy residents only lounge complete with a bar.
Better still, units in this development are priced 34% below market value and come with 6% projected rental returns.
Discover more about our new Greengate apartments in Manchester for sale, or click the link below to chat to an agent and request more details.