The total housing market value is a combination of the number of transactions and the average property price in a given quarter. It can give a real idea of the buoyancy of the market in Didsbury. The final quarter of 2015 was the largest quarter (29.0%), closely followed by the first quarter of 2016 (28.7%).
A well presented studio apartment, marketed by JP & Brimelow and located just a stone’s throw from the bars and restaurants of Burton Road and the Metrolink. This property would rent for £650pcm giving an annual yield of 6.7% and would appeal to a single professional wanting to be close to all the local amenities. Studio apartments make excellent buy to lets and often offer the best returns due to their lower prices compared to one and two bedroom apartments.
When it comes to selling your home, the goal is to achieve more than the initial price you paid when you bought it. A significant amount of your home’s resale value will be affected by the appreciation of house prices in M20, where average sales values have risen by 21.1% over the last 10 years. However, if you want to achieve the maximum sale price for your property, there are several home improvements you can make that will add to the overall value.
Creating an extra bedroom, especially with a loft conversion, offers the best return for your money. Although initial costs are not inconsiderable, a double bedroom could add 11 per cent to the value of your home, a gain of £29,700 on average M20 properties. Budget carefully according to your house size and current market value, and you could be onto a winner.