Reside Newsletter

A new development, a new team member and a bit of balcony inspo!

What We Love

As Reside expands, so does our impressive portfolio, allowing the team to work on numerous exciting developments.

Currently, Reside is the sole agent for The Blok, which makes up part of The Downs Quarter. Elise Finley, one of our Sales Consultants, has become particularly invested in this stunning new build, especially as it’s located in Altrincham, her favourite pocket of Greater Manchester.

‘The landscaped spaces and the greenery are what catch my eyes when looking at The Downs Quarter, and I certainly think more new build developments should include more of this. The tall, pitched roofs and the big windows also caught my attention, making it easy to imagine the floods of light in each of these homes.

Another element I love about The Downs Quarter is its uniqueness, especially for a new build. The development has 4 ‘work/live’ spaces, designed so entrepreneurs can run their businesses from the same place they call home. I think this is a great idea, and I can’t wait to see which independent businesses occupy these spaces! The development also has parking for each type of home, which is becoming increasingly less common for apartment blocks.

What I love most about this development is its location: Altrincham high street is quite literally on your doorstep. Cafes, restaurants, boutiques, pilates, cute dogs and my all-time favourite, Alti Markets! I love the independent food stalls here and the vibe all around. Altrincham is my go-to spot to meet and catch up with friends, whether over a midweek coffee or a glass of wine sat in the sun on the terrace of Con Club at the weekend!

Aside from all the local pleasures the neighbourhood has to offer, The Downs Quarter is also close to 2 superstores, making it easy to nip out for bits and bobs as needed.

Fancy a nice walk? Altrincham is surrounded by green space and has two National Trust sites within a 20-minute drive. Both Dunham Massey and Tatton Park are the perfect places to take the dogs for a walk or to see the deer and enjoy lunch.

For me, this development ticks all of the boxes!’

Check out The Downs Quarter here:

Downs Quarter

Welcome to the team, Josh!

Reside is very happy to announce that we have a new member, Josh Young, filling a new position at Reside as an Investment Consultant.

Josh has four years of experience working in this particular role, as well as prior experience in property. Although his portfolio extends countrywide, he has sold over an impressive £16million worth of property in Manchester alone!


Josh prides himself on offering a bespoke service: understanding a client’s wants and needs in the short and long term and handpicking the best property options on the market to ensure clients receive the best returns possible.

Now part of the Reside team, Josh can offer this service on some of the most sought-after developments in Manchester; due to Reside’s rapport with developer giants, such as Renaker, FEC and Select, offering exclusive investment opportunities.

Reside is excited to be able to offer our clients yet another quality service by a very experienced and trusted team member. If you are interested in hearing more about investment opportunities, please email Josh at


Family Fun Day

After a very successful event last year, we are throwing another Family Fun Day this summer.

Taking place at Bowdon Rugby Club, the day will be full of activities, including face painting, a bouncy castle, races, tug of war and many more games. And to make sure everyone’s energy stays high, there will be freshly baked pizzas and an ice cream van on site too. As well as having a fun-filled day, we will be raising money for our incredible partner, Stride (formerly known as the Diane Modahl Sports Foundation).

23rd of July | 11am – 4pm | Bowdon Rugby Club

Tickets are FREE! Click the button below to get yours.

To find out more about Stride, visit their Instagram @Stride_UK_


Book Tickets

Balcony Inspiration

As the weather gets warmer, the urge to spend time outside becomes greater.

This could be wandering down one of Manchester’s many waterways, visiting Mayfield Depot or maybe going on a day trip to Tatton Park. For some of us, this means enjoying more time on our beloved balconies or outside spaces. Reside is fortunate to have many homes with these spaces in it’s portfolio, both to buy (The Downs Quarter, Potato Wharf, New Cross Central, Murrays’ Mills) and rent (Broadside, Kampus).

Although its footprint is usually small, a balcony can be a real escape, making you feel much further away than the centre of Manchester. Perhaps to a quaint neighbourhood in Copenhagen, a penthouse in Manhattan, or a Parisian pied-à-terre? With Scandi interiors becoming increasingly popular, we want to transport you to the former and have found some gorgeous items that will transform your balcony this summer.

Click the links to shop the items featured.


1.Table and chairs



4.Concrete plant pot

5.Sand plant pot

6.Plant stand

7.Terracotta plant pot

8.Candle stick holder

9.Hanging plant pot

*Private balconies are subject to stock and availability at the time of enquiry*

Market Review

Over the past four weeks since mid-May, we have seen the Summer Season finally arrive in the Manchester residential marketplace.

The residential sales world is slowly gathering pace, but each time I think the market looks like it is taking off, it falters again (due to a combination of interest rate rises each month, inflation, cost of living, etc.). However, a lack of owner-occupier supply and a steadying of pricing is seeing more and more deals done.

The biggest hurdle remains the mortgage market, with banks still seeming reluctant to offer ‘good deals’. Headlines such as ‘100% Mortgages Available’ are great marketing headlines, but when you delve a little deeper into the detail, the truth is that these deals are very few and far between. There seems to be a reluctance from the lenders to support the demand, with the average rate of a 2-year fixed mortgage at around 6% and inflation remaining stubbornly high.

The rental market has now gone into ‘summer mode’: apartments are snapped up almost as soon as they are available (nationally the average time to rent is 13 days, Reside average is under a week!). As numerous applicants are now chasing each rental unit as the Summer Season gathers pace, and the chronic lack of supply is driving prices skyward. Prices are at the highest capital values we have ever seen for rental stock: the average 1-bed are now achieving £1,170 and 2-bed units are achieving an average of £1385. Rent increase year on year is 10.4% nationally and 13% for Manchester (Zoopla June 2023), and rental payments as a proportion of income are at an all-time high of 28% national average (our figures for Manchester show this figure is now over 30%).

The lack of supply of private rental stock in the market is further emphasised by the growing number of private landlords choosing to sell up. This is due to a combination of the removal of tax breaks in Government policy, interest rates rising and the continuation of the cladding crisis. Therefore, we arrive at the usual Summer dilemma of an ever-growing city with all its amazing amenities and culture, attracting more and more businesses, which in turn brings more residents looking for and struggling to find somewhere to live. Put plainly: the demand heavily outweighs the supply.

In summary, the rising rental return should be attracting more individual landlords into the market; however, Government policy and Bank decisions are making the yields unfavourable. The result of this is the rental market is slowly but surely being taken over by institutional landlords, providing unbeatable facilities and amenities but at a cost which may lead to an affordability issue at the higher end of the market soon if the percentage of income spent on rent keeps rising, along with the other costs previously mentioned re-inflation and cost of living.