Marketed by JP & Brimelow in Withington for £124,950 is this excellent one bedroom apartment on one of the areas most desirable roads. With a rental value of £600pcm you can expect to receive an annual yield of 5.7%.
The distance travelled to work in a given area is an indicator of the area’s transportation links. It can also show if an area has job opportunities locally. In M20, 71.6% of the local workforce travel less than 10km to get to work. This is 9.3% higher than the average in the North West region and 14.7% higher than the national average.
With the now two distinct ‘villages’ of Didsbury and West Didsbury, there is thankfully the chance to enjoy the switch on of the Christmas lights of both areas on different days.
Didsbury village has its switch on Thursday 1st December, whilst ‘Lightsfest’ takes place outside the co-op on Burton Road on Saturday 3rd December.
Be sure to come along to get your festive fix and support the local traders in this critical time if year.
A great opportunity to come out and get the festive season well and truly underway and support your local traders at this important time of year. No doubt there will be Carols, mulled wine and perhaps a mince pie or twelve and a great chance to meet friends and family and to finish off (or get underway) some Christmas shopping and socialising.
Marketed by Jordan Fishwick for £375,000 is this fantastic investment opportunity on sought after Bamford Road, Didsbury. This period terrace is split into 3 self contained apartments each of which would rent for between £600-£650pcm giving an annual yield of approximately 6%. Situated just a short stroll from the village and Metrolink these apartments would let to professionals in a matter of days…
The changes in stamp duty and the Brexit vote have made the last 12 months an interesting one. There have been a total of 1,148 sales and we can see that volumes have increased by 19.8% since August 2015. This is stronger than the North West region and the national market.
Over the last year, every property that was sold in M20 has fallen into one of seven price bands. The adjacent bar chart illustrates this interesting pattern which shows that the £100k-£200k price band had the largest number of sales (359), followed by the £200k-£300k price band (287).
You would be forgiven for thinking that Nobel Prize winner Bob Dylan was talking about the UK property market when he sang, “the times, they are a changin'”. As agents in M20, we have seen it all in the property market. But one overarching fact is the rise of local property prices, which have seen a significant increase of 191% since 2000.
Figures show that moving up the property ladder, or getting on it in the first place, is not that easy. However, there are certain choices you can take to make the process much smoother, particularly if you listen to advice from a good agent. The young person’s dream of owning their own property is still very much within reach.
Compromise is key; sometimes it is a good idea to take stock and really think about what it is that you want from a property. M20 is popular with homeowners and tenants, which indicates that location is still the number one factor for people moving home. Yet in our experience, some people are willing to look further afield to find a cheaper, more suitable property.
If you are already on the property ladder, moving up it is not as arduous as many initially think. Increasing house prices can actually benefit homeowners like you, assuming that you have paid off a fair amount of your mortgage. Average property prices in M20 are now worth £264,700, which means if you bought the property 10 years ago, it would have increased by an impressive £42,100.
Some of you will be tenants who are not yet on the property ladder, but don’t worry as there is still hope. Mortgage lenders have started to loosen their purse strings, with many of them offering up to 95% mortgages. The government also offer several schemes making it easier for first-time buyers to purchase a home, including Right to Buy, shared ownership and the Help To Buy ISA.
Landlords have reasons to be cheerful, with an element of younger people in M20 choosing to rent rather than buy. There are certainly benefits to renting, including the ability to simply call the landlord if there are any issues around your rental home, allowing you to save on large repair costs. The lifestyle of a renter also provides flexibility, which is very important to some people.
It is harder for young people to save for a deposit in an age where Apple launch a brand new product every six months, or the latest HDTV is readily available. Renting is a choice, and we are developing a mindset more akin to the Europeans with regards to it. In fact, the fascinating figures show the percentage of households privately rented in M20 have risen from 26.1% in 2001 to 33.9%, according to the last census.