Month: September 2017

one bed flat in west didsbury

One bed flat in a popular West Didsbury sector which is marketed by House Simple for £140,000. With a potential rental of £675pcm giving an annual yield of 5.7% this could be a great option for your next buy to let purchase.

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beautifully presented apartment in popular didsbury development

This apartment is marketed for £210,000 by Philip James Kennedy and is located on Mersey Road between Didsbury and West Didsbury villages. These apartments offer great value for money and are very spacious, this one in particular has been finished to a very high standard. The property would rent for £975pcm giving an approximate annual yield of 5.5% and in our experience tenants are often secured within the first week of marketing.

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a date for the diary

A Date for the diary – head to Didsbury Croma on the 1st October and enjoy a lovely meal whilst being entertained by Jeremy Sassoon with a set of laid back soul & jazz, it’s an evening which is not to be missed.

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exhibitions at the old parsonage

This October The Old Parsonage have some exciting exhibitions on! Head down to see Reuse, Recycle, Reclaim, this exhibition is by members of the Megastitchers, Manchester Embroiderers Guild. You will be able to view the exhibition between the 2nd October to the 22nd October between 9:30am – 5:30pm, with a  sneak peak available on the 1st October between 1pm and 3pm.

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oktoberfest 17 at alberts

The Albert Club will be going all German in celebration of Oktoberfest.

Enjoy a range of German beers from their outside “Wunder”-bar. Bavarian food will be available from Boz’s kitchen and BBQ. There will be live music from 4pm courtesy of BIMM (British & Irish Modern Music) Institute Manchester and then more live music into the evening…

Click here to purchase tickets for this great event..

Event starts at 4pm (Free Entry)
Tickets will be required after 7.30pm.

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the annual didsbury festival gala

This year The Annual Didsbury Festival Gala is to be held on Saturday 7th October at Northenden Golf Club. There is also a new theme.. Great Gatsby! This means black tie dress code with 1920s/Gatsby theme optional.

If you wish to attend please contact Jayne Crawshaw on 07808581963 or jaynecrawshaw1@gmail.com  for the booking form to confirm you tickets. It’s set to be a really great event.

The tickets are £45 each which includes a 3 course meal (menu to be sent). This year there is also a live band, DJ, a raffle and auction.

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Life cycles in our area

Life cycle profile is a useful indicator of the complexion of residents in a locality. Some areas, like inner cities and built-up areas, have lots of young single people who live in flat shares or alone. Most of the suburban parts of the country are filled up with families. Some parts have a large elderly population, particularly around the coast.

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new rules on borrowing for portfolio buy-to-let investors

From the 30th September this year, landlords with four or more buy-to-let properties will have to satisfy different criteria to secure mortgage borrowing, as they will be considered ‘portfolio investors’ under new rules being introduced by the Prudential Regulation Authority. 

In order to comply with the new portfolio landlord underwriting standards, lenders will now be looking at the total income versus borrowing across all a landlord’s properties, to ensure that any new borrowing doesn’t adversely affect affordability for other properties within the portfolio.

This means more work for lenders, who will have to investigate each mortgaged property held by the landlord in more detail, then apply an Interest Coverage Ratio (ICR) across the portfolio. This ICR will vary, depending on the individual lender and the number of properties owned with a mortgage

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Annualised breakdown of sales by type

We’ve used a donut chart (excuse the American spelling) to illustrate the mix of properties that have sold in the last 12 months. Given the profile of the housing stock in the area, there’s nothing too surprising here, but it’s interesting to see how the different types of properties are represented in the local market.

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Prices by type in the last few years

The average unweighted sold prices of houses and flats have generally seen a steady incline over the last eight years. It’ll come as no massive surprise the houses are typically more expensive than flats but, the movements over time are nonetheless telling.

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