Whether an area is ‘up-andcoming’ or has arrived, the wealth distribution can indicate if the area has the character you are after. In Didsbury, the majority of households are ‘wealthy’ (38.5%). The corresponding figure in the region is 19.7%, whereas the national average is 22.7%.
Due to the government’s budget moving to the autumn, we are unlikely to see market activity affected by new policy changes in the short term. With market confidence strong and a positive outlook for the construction industry, we expect steady price growth. In fact, average sold prices of detached properties is up 145.8% in 18 months.
One of the main questions we are always asked is: when is the best time of year to sell or let a home? While there is no absolute optimum time to put your property on the market, seasonal patterns can affect buying, selling or letting habits. It is no different in M20, with certain times of the year proving to be more fruitful than others.
Spring is often considered the season when the market picks up and hits its stride. The warmer weather and lighter evenings give people extra motivation to go on viewings, while the bright daylight can help your home look that extra bit lovelier. Your garden (if you have one) will also seem much more appealing in the spring months. It turns out that Didsbury saw 25.3% of properties sell during the months of spring.
August and early September can be a quiet time for the property market. The schools have broken up for the summer and lots of people go on holiday around this time of year. That means there are fewer people around for viewings — especially families. It is a different story in June and July though, which can be the busiest months for selling homes, with the market peaking before the schools break up. The summer months saw 25.3% of properties sold in Didsbury.
Added today by Jordan Fishwick in Withington is this excellent buy to let opportunity for £210,000! The four double bedroom house is currently tenanted until June 2018 at a rent of £1,328 pcm, giving a healthy annual yield of 7.5%. These properties give great returns and Withington is very popular with students and professional sharers, meaning finding tenants shouldn’t be an issue at all…