Month: September 2016

another didsbury opportunity that won’t be around for long!

 

Hi Everyone! I have another video blog for you, from Mauldeth Road, Didsbury and it definitely won’t be around for long. A great investment opportunity that would rent very quickly. Continue reading for the Rightmove link!

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stunning new st james park development in didsbury

I have had a few calls over the past couple of weeks regarding the potential rental value of the properties at St James Park, so I thought I would put them in my blog! This development looks amazing and will be finished to an extremely high specification. The 3/4 bedroom mews houses would achieve a rent of at least £2000pcm and would be very popular with families and professionals. The 3/4 bedroom properties start at £559,950 and are marketed by the developer PJ Livesy. I am confident these properties in years to come will be a fantastic investment as far as capital growth is concerned and will give an annual yield when rented of just over 4%.

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do we use our housing stock efficiently?

All housing markets are heavily affected by how efficiently the housing stock is used. Some areas have lots of people in relatively small properties and others have a few people knocking around in very large properties, often empty nesters. This infographic shows what the pattern looks like in Didsbury.

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messy play didsbury – spooktacular party

Come along and play at the Spooktacular Halloween party on Friday 7th October at Didsbury United Reform Church.

The sessions are suitable for children aged 6 months to 5 years, but unusually the sessions are open to everyone to join in including older siblings up to the age of 10 who can participate in the Big Kids Create and Make corner which includes Arts, Crafts and Junk modelling activities to keep them busy!

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didsbury civic society 60’s night

Didsbury Civic Society celebrates 50 years of supporting the community with a 60’s night at St Catherine’s Social Club on Saturday 15th October 2016 from 7.30 to 11.30pm.

Tickets are available from the Parsonage or online.

For those who really get into the spirit of the 60’s by turning up dressed accordingly there will be a £2 refund at the door!

Tickets are limited so book early to avoid disappointment.

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club zero returns to didsbury

On Saturday 8th October, Club Zero returns to St Catherine’s Social Club in Didsbury for a night of music, dancing and fun!

The first Club Zero took place back in May, and Clint Boon (Radio X, BBC Radio Manchester) played such a blinder in Prestwich that he’s been asked to do the same in Didsbury. Local Didsbury based DJ Chris Yianni will be providing the early doors playlist and resident DJ and Club Zero organiser Martin Holland will also be working his magic.

Tickets are £5 in advance and £7 on the door and are available via the link:

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expected market volatility

Looking at a monthly breakdown of activity over the last 12 months we can see some interesting patterns in Didsbury. While there was an expected amount of volatility from month-to-month, transactions were 6.3% higher for houses at the start of the period than at the end.

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patterns emerging in price bands

Over the last year, every property that was sold in Didsbury has fallen into one of six price bands. We’ve displayed them as a pie chart to illustrate quite how interesting this pattern is. Perhaps unsurprisingly the price band which represents the biggest slice of the cake was the £0-£200k price band (41.8% of all sales).

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two bedroom terrace in withington

Only added yesterday was this end of terrace property in Withington marketed by Reeds Rains at £170,000. This house would make a great buy to let with its cose proximity to Withington village and would be perfect for professionals or students. I would expect a rent of £800pcm giving an annual yield of just over 5.5% and unlike apartments there would be no serivce charge to pay!

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what effect is didsbury village metrolink having on the price of your home?

In M20, the streets where homes sell fastest and command the highest price-per-square-foot aren’t always the most lavish, they’re the ones that are the best-connected. After all, there’s a reason why the most popular property programme on TV is called Location, Location, Location.

As your local agents, we’re often asked all sorts of questions regarding our market, but the most common question is always “which is the best part of Didsbury to live in these days?”, particularly from newcomers. Of course, the answer is different for each client because of things like their family situation, age and hobbies etc. But one of the primary requirements for most buyers is ease of access to public transport. Many of us regularly use public transport so we don’t want to live a million miles away from our local station if we have to commute into work each day.

Public transport is actually becoming increasingly important as the costs associated with car travel continue to rise and roads are becoming more congested. This has resulted in a huge surge in rail travel. In fact, in Britain, passengers made 1.32 billion train journeys in 2010 (according to the Association of Train Operating Companies), a rise of 37% in a decade and the most since the 1920s.

Location has a huge effect on the price and saleability of a home, and in our experience houses and flats close to a train station or Metrolink around Didsbury Village and West Didsbury always sell and rent quickly. To illustrate the point we did some spatial interpolation of property price data, also known as number crunching! Our analysis showed that properties within 1km of Didsbury Village Metrolink attract a premium of 18.6% over those 2km away, with current average sold price sitting at £250,900 compared with £211,600. This means that for every 250m you live closer to the Metrolink, the average property price rose by £9,800. If that doesn’t convince you that public transport matters, we don’t know what will.

It affects the rental market, too. If you’re an investor looking for a buy-to-let property, or a renter looking for your next home, the distance to and from the station is extremely important. One of the first things renters do when searching for somewhere to live is look at the nearest station’s proximity to the property. That’s why Rightmove displays the distance to the station alongside each listing. Ideally renters want a speedy commute to their work or university, and they want an even speedier walk from their home to the nearest station.

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