Would you like to earn an extra £12,000 a year?

Have you ever thought about investing in property?

Philip James are advertising a two bedroom apartment located on Clyde Road priced at just £189,950. This will let for a minimum of £1,000 pcm.

With it being conveniently positioned close to West Didsbury and a stroll away from the Metrolink, this property will benefit from a high level of interest from prospective tenants.

Burton Road is close by and attracts professionals who will enjoy the local bars and restaurants it offers. Didsbury is certainly the place to be!

Click here for the Rightmove advert for more details. I am free to discuss this property or any other property that you are interested in purchasing, please feel free to call me on 0161 249 5160.

Thanks Moharram

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The Didsbury Post Lockdown Property Market

Didsbury Post Lockdown Property Market

What have we learned in the first month?

From talking to most of the Didsbury estate and letting agents and our own findings, it might surprise many of you that new enquiries from homebuyers, tenants, landlords and home sellers have been at record levels since lockdown was lifted from the property market in mid-May.

There are a number of reasons for this. Firstly, we had the pent-up demand for Didsbury property from the Boris Bounce in January and February. Next, many Didsbury people were planning to move this spring yet were prevented doing so because of lockdown, and finally, surprisingly, an advance wave of home movers seeking to bring their Didsbury moving plans forward because of a fear of a second Covid-19 wave later in the year.

So, what does all that look like and how does it compare to the last 12/18 months?

Data from Yomdel, the live chat and telephone answering service for a quarter of UK estate and letting agents, is able to track objective and more current information from across the UK on what is really happening. Each week, they are dealing with thousands of enquiries including: 

  • Seller enquiries (i.e. house sellers looking to put their property on the market) 
  • Buyer enquiries (i.e. people looking to view a property on the market with the intention of buying it) 
  • Landlords enquiries (i.e. landlords looking for tenants for their rental property) 
  • Tenant enquiries (i.e. people looking to view a property on the market with the intention of renting it) 

They have created a rolling weekly average of those enquiries for the whole of the UK for the 62 weeks before the country went into lockdown. Then they compared that 62 week average with specific time frames, namely the 10 weeks of the run up to the General Election, the 8 weeks of Post Boris Bounce in January and February 2020, the weeks of lockdown in March, April and early May and then finally, from mid-May, the post lockdown. 

You might ask why tracking estate and letting agency enquiries is so important? 

Enquiries in letting and estate agencies are the beating heart of the property market – they are the ECG machine of the estate and letting agency. Of course, house price data has its place and is lauded by the national press as the bellwether of the property market, yet it takes 6 to 9 months for the effects of what is happening today to show in those house price indexes, whilst these enquiries are what is happening now. 

Have a look at the data in the graph and table, it can be seen in the 8 weeks up to the General Election, every metric was down. Next, the post Boris Bounce saw house seller and house buyer leads increase yet note how low tenant enquiries were (hardly any change from the run up to the election), everything dipped during lockdown as expected, yet look at all the metrics post lockdown … amazing! (e.g. if a number in the graph/table below is say -25%, that means its 25% below the rolling 62 week average, yet if it were +20%, then that would mean it would be 20% more than the rolling 62 week average)

 General Election Run UpPost Boris
Bounce
LockdownPost Lockdown
Seller Enquiries-27.0%20.6%-41.9%94.3%
Buyer Enquiries-19.9%12.9%-9.3%163.7%
Landlord Enquiries-10.9%1.0%-27.6%78.5%
Tenant Enquiries-34.9%-27.2%-23.1%92.5%
308 Graph - The Didsbury Post Lockdown Property Market

The numbers speak for themselves! 

So, what is happening in the Didsbury property market? Well, there is plenty of activity in the Didsbury property market, yet that doesn’t mean everything is back to normal. Enquiries are an important metric, yet another way to judge the health of the property market is to look at the number of property transactions (i.e. people moving). 

Now the Land Registry data isn’t quite as exhilarating, yet it is less volatile. Nationally, it shows that property transactions were at their lowest level since its records began in April 2005. The seasonally adjusted estimate of UK residential property transactions in April and May 2020 was 90,210, 53.4% lower than the 193,500 transactions of April and May 2019. Again though, this was because of the restrictions on moving during Covid-19. The stats for Didsbury are still to be released, yet rest assured I will share them in due course.

Looking again at what is happening now, when I look at the number of properties for sale…

63 Didsbury properties have come onto the property market in the last 14 days alone, and of those, 9 are already sold subject to contract

So, what of the future of the post-lockdown Didsbury housing market? While a stern recession seems almost guaranteed, a housing market crash is not. Many newspapers are predicting property values to fall in 2020, then rise reticently from the ashes in 2021. The fact is, nobody knows. The property market is driven a lot by sentiment. Buying a home is not like buying stocks and shares – it’s a home to live in … and those Didsbury landlords who are looking for an investment opportunity, often let their heart rule the head (again sentiment) when investing in property.

Property always has, and always will be, a long-term investment. Many of you Didsbury people reading this, especially potential Didsbury first time buyers, have been putting off buying your first home because of Brexit, now its Covid-19, and in a few years, it will be something else. There will always be ‘something else’… and you could get to your 50’s and 60’s, still renting, waiting for the ‘next thing’ to pass before you buy … and end up buying nothing.

Nobody knows what the months or years ahead will bring … yet what I do know is, people will always need a place to live. Please let me know your thoughts in the comments. Tell us what your experiences are as a Didsbury landlord or homeowner, tenant or buyer so we can all learn from each other.

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nhs and key worker window displays

As lockdown continues, we here at Julian Wadden Didsbury wanted to show some appreciation to the wonderful NHS and Key Workers that are currently keeping the community and in fact, the whole country going! We therefore decided to do a window display in our office.

We know we can’t begin to say how thankful we are for and to these people, but this is just a small gesture from us!

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Essential Tips For Working From Home

For a small number of people, working from home will be the norm. But for the majority of the nation, the current climate has caused us to quickly adapt our working practices to home working for the safety of ourselves and those around us. In doing this, it is important to create healthy working practices to maintain motivation and routine throughout the day.
We’ve gained advice from those who regularly work from home so that we can share some top tips for the coming weeks ahead. Continue below for our top tips on how you can get the best out of home working:
1. Get ready for the day
Get up and ready for work as you normally would. Getting dressed out of your pyjamas and fresh for the day helps you to maintain a routine and get ready for a day of work. Doing this will signal to your brain that you are going to work and create a good mindset.

2. Have a routine
Working from home can get lonely, so a routine will prevent the day blurring into a mix of work and relaxation time. Creating a morning routine that will guide you into your work chair each day so that you can signal the separation between home and work. Start and finish work at your usual times so that you do not become overworked.

3. Create an office space
If you have a separate office space to work in, then that’s great. But even if you don’t, it is still important to create an area in your home that you can designate and associate with work. Whether that be at a desk, or if it has to be your dining room table, this will support you to keep a routine. At the end of the day, shut down your equipment and put it away. This will signal the end of your working day and the start of your own time.

4. Keep to your regular hours of a working day
With all your work equipment at home, it can be tempting to try and get ahead by setting yourself mammoth tasks that take you all evening to complete. Set yourself achievable goals (as you would when you go into work) so that you maintain your usual work hours and maintain your positivity and optimism. This will also allow you to keep a work life balance.

5. Have regular breaks
When you are in the office, you naturally take short breaks throughout the day. Whether that be to go and make a drink or go and discuss something with a colleague. These breaks away from the computer are crucial for your productivity and health. Breaks away from the computer screen help to break bad posture habits, help with concentration and productivity, and prevent fatigue. This should be no different at home. You can call a colleague for a chat, go and make a drink, or spend some time in a different room for a few moments.

6. Get some exercise
Living and working in the same space can be challenging at times so you may find it important to get a change of scenery. Stepping outside for a walk not only allows you to “leave the office” but also allows you to get valuable exercise (providing this is in line with Government guidelines). Some fresh air and natural light will do you the world of good. With people rarely leaving the house, a short walk could be all the exercise you get in a day so place importance on this. Alternatively, you may want to do a short home workout. There are tons of guides online to help you do this. Let’s not forget about those all-important endorphins.

7. Take your lunch break
You are still entitled to your full lunch break and it is important to take this. Ensure you continue to eat well and take time away from your work space to break up the day. Using this time to get some exercise (as advised in step 7) is a great idea too.

8. Get on the phone
Communication is so important during this time. Working from home can be isolating (especially if you live alone). To overcome this, ensure to keep up with regular team meeting via group calls. Check in with your colleagues throughout the day – even for a general chat not related to work. This is what you would usually do in the office and it is important to maintain this to make the day more enjoyable. Call people instead of email so that you can have proper conversations during the day which is so much more personal that email communication. You could even use Facetime for a more personal touch.

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west didsbury comedy fest goes online!

west didsbury comedy festival

So with the sad news that we have had to cancel/postpone the festival for now we are not just sitting back and taking that!

Over the dates of the festival we have 4 brand new online and live show formats for you featuring some of the brilliant acts we had booked to play the festival. 

Of course its a shame, but we will be back bigger and better than ever! For now please pick up a free ticket below for some amazing online comedy and please share! Let’s make this huge!

Check out our website for updates, news, listings and discounts! www.westdidsburycomedyfestival.com 

https://www.jokepit.com/comedy-by/west-didsbury-comedy-festival

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francis house virtual chick hunt

In the run up to and in the weeks after Easter, large knitted Easter chicks come home to roost in the windows of shops, restaurants, cafes and businesses throughout Didsbury village for the Francis House Easter Chick Hunt.

New for 2020

From 3 – 30 April all the chicks will remain with the Francis House team, but you can still find them all on their virtual chick trail. Click on a location to reveal the name of the chick, its temporary home and an interesting fact about Francis House. Test your memory and answer all 22 questions to reveal your score. Please help Francis House and the families we support by making a donation.

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Long Term Investment for Budding Landlords

I wanted to talk to you about why Landlords are thinking about long term investment in Property.

Landlords are looking towards their future and what a good way to do this is by investing their hard earned cash/savings into property.

My advice is to look at the following when choosing your next investment:- Price, Quality and most importantly, Location.

Price is key to ensure that you don’t pay over the odds for a property. If its a Buy to Let mortgage they will assess how much percentage the annual rental income achieves over the value of the property. A good Rental Yield as an example would be 5%.

Quality – this refers to the property repair and standard overall. As with all investments, you want to try and keep the costs low so choose wisely. You don’t want to burn a hole in your pocket if the outcome is much smaller financially. Always assess the cost of works that would be required.

Location – Always try and invest in an area where there is a demand for property. Look at what is currently available to rent, ring some local Agents to see how quickly the properties would rent for. Look for local Transport links into the main city, schools and amenities.

An example would be the following property which is currently on the market with Bridgfords Click here to see the link to Rightmove for a 1 bed apartment on Clyde Road.

For this type of property you can achieve a rent of £750 pcm which will give a rental yield of over 5%. Clyde Road offers excellent transport links, close to all the amenities and also a Stroll away from the bustling West Didsbury Vibe. The type of Tenant will attract someone of a professional background and properties in this area hold their value in years to come.

I am happy to discuss your next investment with you so do give me a call on 0161 249 5160 / 07584 038 497 or drop me a line moharramrehman@julianwadden.co.uk.

Thanks Moharram!

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the evolution of ‘thyme out’

Many of the local restaurants are having to evolve how they operate, and a great example is Thyme out, one of West Didsbury’s staple café/ restaurants.

Due to Covid-19, they’re changing how they do things, until further notice, they’ll be closed to walk-in customers, but we will be launching a delivery/ collection service as of Friday 20th March.

They’re also launching ‘Prepped’ an alternative take away – a great concept and bound to be a winner.  Check it out…. https://www.thymeoutfoodco.co.uk/index.html

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support your local traders

#didsbury

Support local businesses during this busy time, they’re here to support you!

Many of the fantastic local, independent businesses are offering local delivery for those stuck at home, and I believe stock levels are much better in local shops rather than the big chain stores.

If you own or run a local business, here is also a great place to get your message out there and help to support each other during this crazy time. https://twitter.com/hashtag/didsbury?lang=en

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covid-19 community help

A facebook group has been set up to support people, particularly those having to self-isolate throughout Didsbury, Withington and Burnage.

Set up by Jen Sevaris she’s establishing if anyone can help by doing shop runs, getting medications etc for people who cannot get out to do so then please volunteer on the face book page. Please write the times you are free, your name and area you will travel to, if you have a car and if you are DBS checked or not. For anyone needing help or knows someone who needs help for anything like food, medication etc just ask for help and hopefully someone from our community will be able to help. https://www.facebook.com/groups/138973914166677/?ref=group_header

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Top Tips For Viewing A Property

When it comes to buying property, it is important to keep in mind that it could potentially be the home you live in for the rest of your life. With this in mind, it is essential that when you view potential properties that you take the time to be thorough and get all the information you can.
To help make sure you don’t miss a thing and make the right choice when you do eventually make an offer, we’ve compiled the following list of tips to help you to view a property like a pro.
Don’t rush
We all feel a bit strange viewing someone else’s home, but as we said earlier, you could be living in this property for decades, so don’t rush through this process! It’s vital that you spend close to 30 minutes exploring the property, asking questions and just getting a good sense of how it feels. If you just wander from room to room, taking a quick look and then moving on, you won’t get a good feel for the property. Taking that little extra time will mean you are well-informed when you come to make a formal offer.

Think about how much space there actually is
When it comes to property, space is one thing you can never have enough of. Whether you’re looking to fit in that Queen-size bed or you need somewhere to store all of the precious knickknacks that you have collected over the years, space is incredibly valuable. Pay attention to the way the current owner has laid out the furniture, as it will provide you with some insight into how to best make use of the property’s available space. It’s also an excellent opportunity to think about how much room your items take up and whether there is any scope for a little pre-move declutter.
Take a walk through the area
When you’re buying a property you’re not just investing in that building, you’re also investing in the neighbourhood itself. If you’re first-time buyers and looking to build a life in this new home, you have to ask whether the area is suitable for your family’s needs. Are there plenty of shops close by? How do the local schools perform? It’s best to wander around the area for a short while in order to see how it all feels, after all, if you’re going to be here for some time, you need to feel comfortable.
Once you’ve taken a good look, take another and maybe another
As we stated at the beginning, when it comes to buying property it’s best done the right way, but even when you do everything right, it’s always best to check things twice. No matter how thorough you intend to be there is always the possibility that you missed a couple of things the first time around. Most would advise visiting a property 2-3 times and at different times of the day – if possible – to see if you feel the same way each time. Buying a home can be very exciting, so it is worth visiting the property a few times.
Don’t forget that your agent is there to help you! Make sure you ask them questions about the property’s history and the local area, as they will be more than happy to assist you with your decision.

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