Marketed by Gascoigne Halman in Didsbury is this well presented one bed apartment, situated in a period conversion on sought after Clyde Road. Located just a short stroll from Burton Road, the Metrolink and vibrant West Didsbury village this property would be perfect for professionals. With an asking price of £145,000 and an expected rental of £750pcm you could achieve an annual yield of just over 6%. These properties let in a matter of days and there is always a strong demand for one beds in M20…
Due to open any time on the now famous Burton Road, West Didsbury (opposite the Met) is this Sheffield born wood fired pizza co.
The Sheffield version was started after an inspiring trip to Napoli, and they specialise in producing authentic Napolitan style pizza as well as offering an excellent range of Antipasti and Italian Desserts.
Watch this space and get in early to support another exciting new venture
Marketed by JP & Brimelow in Didsbury is this imposing 10 bedroom period house on Barlow Moor Road. The particulars say it is currently generating £47,740 per annum (Inclusive of utilities), representing a yield above 6% and sold with assured tenancy until June 30th 2018. Large period properties offering such good rental returns are rarely available in Didsbury so it is well worth a look if your budget will stretch!
An analysis of commuting preferences in M20 shows that the majority of people use a car (59.9%). This is followed by bus (22.7%), and then on foot (8.1%). It will be interesting to monitor how this pattern changes over time given the trend in M20 and everywhere else to use more public transport and healthier options. Information from the 2011 Census. The 2021 Census will have the Tram.
The total number of property transactions and the mix of properties are strong indicators of the buoyancy of the local property market in the area. The adjacent chart gives an indication of the changing market structure in M20. We estimate that 351 flats, 214 terraces, 273 semis and 51 detached properties were sold in 2016.
It is the time of year when we can look at how property prices in 2016 fared in comparison to the decade preceding it. With property price data still to come through for the end of the year, our estimates paint a promising picture. The average flat price increased by 2.4% to £189,100 and the average house price increased by 2.4% to £312,600 versus 2015 prices.
This lovely one bedroom apartment is situated in a desirable period conversion on Palatine Road. Marketed by Jordan Fishwick for £140,000 you could expect to achieve £700pcm giving an annual yield of 6%. One bed apartments rent really well and are popular with single professionals so you should have one like this let within a couple of weeks!
The PRS (Private Rental Sector) in the UK has grown considerably in both size and importance over the last five years and is now worth a staggering £1.29 trillion. To contextualise, that is 1.29 million stacks of Pound Coins, with each stack being a million coins high. The PRS now makes up 18% of the housing stock in England alone and is expected to rise to more than a third by 2032.
Because of this rampant growth, it is no surprise to see that 41.8% of homes in M20 are privately rented, which is encouraging for private landlords and would-be investors. Even homeowners have something to think about, as they may be tempted to turn the family home into a source of income, or indeed use their pension pot to become a landlord.
A decade ago, buying a home was a very different experience. Post-credit crunch the landscape in M20 has changed, with many younger people unable to buy their own homes due to house price growth outpacing wages. This has made it both logical and practical for many people to rent, choosing between renting privately or using the options available from the local housing association.