What a great investment opportunity! Situated in between Didsbury and West Didsbury villages is this well presented two bedroom apartment which would be ideal for professionals wanting to be close to transport links and local amenities. Being marketed by JP & Brimelow at £160,000 this great buy to let opportunity would rent out for £850 PCM achieving an annual yield of just over 6%.
An analysis of commuting preferences in Didsbury shows that the majority of people use a car to get to work (56.9%). This is followed by bus (21.7%), and then on foot (7.7%). It will be interesting to monitor how this pattern changes over time given the trend in Didsbury and everywhere else to more flexible working, i.e. working from home.
Just noticed this great buy to let opportunity come up on the sought after Didsbury Point development in West Didsbury. Being advertised by JP & Brimelow at £165,000 and with the potential to rent at £800 PCM, this apartment would give an annual yield of just below 6%. Situated within a short stroll of Burton Road and the Metrolink this property would really appeal to professional tenants and would rent in a matter of days!
It’s 5.50am as I start to type this article and David Dimbleby has just announced the UK will be leaving the EU as the final votes are counted. As most of the polls suggested a Remain Vote, it came as a surprise to most people, including the City. The Pound has dropped 6% this morning after the City Whiz kids got their predictions wrong and MP’s from the Remain camp are using words like “challenging times ahead”.
.. and now the vote has been made .. what next for the 9833 Didsbury homeowners especially the 5699 of those Didsbury homeowners with a mortgage?
The Chancellor in the campaign suggested property prices would drop by 18%. Using Treasury estimates, their method of calculating this was tenuous at best, but focused around the abrupt and hasty increase in UK interest rates, which in turn would raise the cost of mortgages, and therefore lower demand for property, causing a drop in property prices.… and I would say, yes .. that will probably happen.
Didsbury Property Values
Since the last In/Out EU Referendum in June 1975, property values in Didsbury have risen by 1789.2%
The Chancellor in the campaign suggested property prices would drop and whilst property prices did drop nationally by 18.7% between the peak of 2007 and bottom of the market in 2009, when one compares property values today in the country, compared to that all-time high of 2007, (the period before the financial crisis of the Credit Crunch of 2008/9) .. they are still up 10.14% higher.
Another Credit Crunch?
And so, notwithstanding the Credit Crunch, the worst global economic outlook since the 1930s and the recession it brought us, a matter of a few years later, the Government were panicking in 2012/3/4 that the housing market was a runaway train.
Now the same Credit Crunch doom-mongers and Sooth-Sayers that predicted soup kitchens in 2008/9 are predicting Brexit meltdown. Bad news sells newspapers. Stock markets may rise, stock markets may fall, yet the British public continued to buy property in 2009/10 and beyond. Aspiring first time buyers and buy to let landlords dusted themselves down, took a deep breath and carried on buying… because us Brit’s love our Bricks and Mortar .. we need a roof over our head.
However, as mentioned previously, if the value of the pound drops, in the past UK Interest Rates have risen to reverse that drop. However, whilst a cheaper pound will make your pint of Sangria a little more expensive on your Spanish holiday this year and make your brand new BMW pricer .. it will make British export cheaper! Which is great for the economy.
Didsbury Comedy Club has a BUMPER month lined up in Didsbury in July with an extra night on the 17th July. The regular show on Sunday 3rd features Justin Moorhouse and Rob Rouse both doing their new Edinburgh shows.
On Sunday 17th July, resident MC Andrew Ryan is back with his new show which is tipped to make waves in Edinburgh. Alongside him is Adam Rowe who is one of the best comedians to come out of Liverpool. Click for details of prices and where to buy tickets…
The annual Didsbury and South Manchester Car and Motorbike show in aid of Francis House takes place for the 7th year in a row in July.
The theme of the show is cars with character and there are always interesting and varied classic cars on display. The 2016 show will be held on Sunday 10th July from 12 – 4pm. Click below for more details….
In the last 12 months, flats have accounted for 40.7% of all transactions making this the most common type of property on the market in M20 (936 in total). Over the same period semis accounted for 32.9%, terraces accounted for 21.7% and detached properties provided 4.2% of transactions.
A standard measure of a full working week is about 48 hours. That is what the EU uses in it’s ‘Working Time Directive’ to ensure employees are not being over-stretched. In Didsbury, 86.2% of full- or part-time workers work those hours or fewer. That means 13.8% work more than that, a total of 3,600 people. Many of our clients fit into this category, and if you are one of them we are ready to work around your busy schedule.
A quarterly analysis of the last four years achieved sales prices from the Land Registry show some interesting patterns in Didsbury. Achieved sales prices of flats have increased by 0.3% per quarter since 2012. This compares with 2.2% for terraces, 0.8% for semis and -0.8% for detached properties. In total, it is terraces which have increased the most with prices now 29.5% higher than in 2012.