Ancoats formed the foundation for the Industrial Revolution (which began in Manchester) and quickly became the worldâ€™s first industrial hub. Ancoats is situated next to the Northern Quarter and Manchester City Centre.Â The area is now home to two of Manchesterâ€™s most highly esteemed nightclubs â€“ Sankeys (which is known to clubbers throughout the world) and Band on the Wall. The area has benefitted from recent regeneration and the southern region of Ancoats is now known as New Islington.
The average house property price in Ancoats stands at Â£132, 674 which is a change of -0.72% year on year. However the average selling price is closer to Â£130, 000 which is a far cry from the average asking price of properties which according to surveys is approximately Â£148, 391. The average rent per month of a property in Ancoats is around Â£842.