DIDSBURY PROPERTY BLOG
LATEST NEWS
Rise in Nil-Deposit Applications as Cost of Living Soars
You don't have to look far at the moment to see that the cost of living has been increasing sharply across the board, and with the Bank of England making an 11th consecutive base rate increase earlier today it doesn't look like people's daily expenditure will be calming down for [...]
How To Rent Guide: New Update for 17th March
Landlords should be aware that the Government Issued How to Rent Guide has been updated and a new edition will be available from tomorrow, the 17th of March 2023. This is a vitally important document that has to be issued by the landlord or letting agency on the tenant moving [...]
Majority of Self-Managing Landlords Consider Switch to Managed Service
A recent survey from Uswitch has found that the majority of self-managing landlords (69%) are considering the switch to a managing estate agency amongst a raft of legislative changes and the changing rental market in the UK. Of those surveyed the biggest reason (32%) for wanting to move over was [...]
Potential Investment- West Didsbury
On the 1st of March, Jordan Fishwick brought to market a two-bedroom, ground-floor, apartment in Beresford Court, a purpose built apartment block on Palatine Road, West Didsbury. Although not a period property, these apartments are generally popular with tenants as they are quite substantial in size, this one is just [...]
Understanding safety certificates as a first time landlord
If you are a first time landlord sometimes it can seem that Letting Agents are speaking a different language. "Have you got your EPC, EICR. No, that's an EIC, how about your Gas Safety, sorry that's a service record". It is a minefield that even we struggle to make our [...]
Prestige Police House Development Set for Rental Market
In April 2021 the MEN News revealed (original story here) that the old Police House on Wilmslow Road, sat right in the heart of Didsbury, had finally been granted a new lease of life as it was being converted into six luxury apartments. Julian Wadden has been lucky enough to [...]
Mortgage Rates Drop Contrary to Interest Rate Increase
Mortgage rates are as much based on future expectations by the finance industry as it is on current market trends, and if the news coming out of Virgin and HSBC this week is anything to go by then they are expecting a healthy future for the industry. For the first [...]
Yield Versus Capital Growth
It seems a relatively simply question, when buying an investment, should I be aiming for a high yield or good capital growth? In real terms it is a much tougher question to answer, and it is something I will discuss with landlords on an almost daily basis, because the real [...]
Manchester Ranked Number One Buy to Let Prospect
Surprising nobody from the area, but perhaps catching a few people from outside of the North West unawares, Manchester has been ranked the number one Buy-to-let prospect by Simply Business. Taking into account criteria such as the average total rent, yield, house price growth, vacancies and the percentage of the [...]
TDS Issue EPC Guidance for Buy to Let Landlords
Under current Government proposals the legislation surrounding minimum EPC ratings is set to change in 2025. Currently the minimum rating for any tenanted property is an "E", however this is set to increase to a "C". We are already having conversations with a number of buy-to-let investors who are taking [...]
Are You Maximizing Your Rent Returns?
Well it has been a busy old start to 2023, with a huge number of tenants registering their interest over the Christmas period and a good level of rental properties hitting the market. Over the weekend we had seven open houses on our rentals, four of which were properties we [...]
Levenshulme Investment Property 5-6% Return
On the 24th of September Edward Mellor brought to the market a well-presented, three-bedroom, mid-terrace property situated just off Broom Lane in Levenshulme. The house has been finished to an excellent standard throughout, and we feel that the property could achieve in the region of £1,000 per calendar month, giving [...]
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ABOUT THE BLOG
This blog follows the property and buy to let market in Didsbury. You’ll find insight, commentary and analysis that relates specifically to Didsbury, along with the latest investment deals from all agents in the area.
BEN FOSTER – CO-AUTHOR
I have a wealth of property experience around South Manchester and I am really passionate about Didsbury. If you have any property related matters, whether buying, selling or just curious about whats happening at this very moment in M20 and you are around the village just pop into my office, alternatively call or e-mail me:
0161 434 4311
benfoster@julianwadden.co.uk
MARK DIAMOND – CO-AUTHOR
I have a strong passion for property, in particular the Lettings market. If you a question about lettings, potential rental returns and yields, and legal changes for landlords or anything else buy to let please get in touch.
0161 249 5160
markdiamond@julianwadden.co.uk