didsbury property blog

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.

Continue Reading

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).

Continue Reading

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!

Continue reading…

Continue Reading

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.

Continue Reading

two bedroom terrace in the heart of didsbury village

Recently added by Gascoigne Halman is this charming two bed terrace situated on Davenfield Grove in the centre of Didsbury. Marketed for offers in excess of £260,000 this property would rent for £1,000PCM giving an annual yield of 4.6%. Situated so close to the village and the Metrolink and with no service charge to worry about, as you would with apartments of a similar price, this house makes a great buy to let opportunity and is well worth a viewing!

Continue Reading

mayfair court a popular development in didsbury

 

Today we bring you an apartment in Mayfair Court, on Mersey Road in Didsbury. We recently let an apartment in this development which let really quickly. Take a look at this property….

Continue Reading

newly refurbished one bedroom apartment in withington

Yes this is one of ours but it would be a great buy to let property! Situated in Withington, close to the village and within walking distance of Burton Road this newly refurbished apartment is ready to move into. Marketed for £125,000 it could acheive a rent of £650PCM, giving an annual yield of just over 6%. If you would like to book a viewing then please give us a call on 0161 434 4311.

Continue reading…

Continue Reading

modern two bedroom apartment in withington

This one came available just before the weekend and it would make a great buy to let investment! Situated close to the heart of Withington on Wilmslow Road these apartments are very popular with professionals and students. Marketed by Jordan Fishwick for £145,000 you could expect a rent of £775PCM giving an annual yield of 6.4%.

Continue reading….

Continue Reading

westfest 2016 – 3rd and 4th september

WestFest is a celebration of the independent businesses in West Didsbury who operate from Burton Road, Lapwing Lane and Nell Lane.

There’s no set format, but in the past they’ve had BBQ’s, a Farmers’ Market, live music, wandering poets, foodie offers, art exhibitions, wine tasting and cookery events to name a few.

This year, weather permitting, businesses will be putting on a show again. So, put the dates in your diary – SATURDAY 3rd and SUNDAY 4th SEPTEMBER 2016 – and take a stroll through West Didsbury. Who knows what you’ll stumble upon…

Continue Reading

comedy club night

The Didsbury Comedy Club takes place at Didsbury Cricket Club on the first Sunday of every month. Acts who have appeared here include john Bishop, Sarah Millican and Justin Moorhouse to name but a few!

On Sunday 4th September Pat Cahill and Gavin Webster along with MC Andrew Ryan will be performing. Tickets are £7 and doors open at 7pm for a 7.45pm start – it’s advisable to book in advance: 0161 445 5347.

Continue Reading