The original site of Coronation Street has reportedly been sold for £26.5 million to Manchester City Council and a private development company.

Insider Media reported that the Quay Street complex will be redeveloped into a mixed house estate.

Michael Ingall, chief executive of Allied London said, “This area of the city is rich in heritage, history and character.

“We intend to make sure this makes a valuable contribution to our thinking on design and development.”

The show will move to a new base in MediaCity soon when construction on the new street is finished.