An inventory is a list of all items in the property, the walls, flooring, fixtures & fittings are just as important as any furniture as these can still be damaged by the tenant. Once a tenancy has come to an end we conduct an inspection based on the original inventory to establish whether the tenant has caused any damage above fair wear and tear in order to recover any costs to rectify the issues from their deposit.
Three apartments in this newly renovated period conversion have just been reduced in price and make very appealing buy to let investments. Marketed by JP & Brimelow for £204,950, there is a well proportioned two bed apartment which would rent for £900pcm giving an annual yield of just over 5%. Properties in West Didsbury are very popular with young professionals as vibrant Burton Road and excellent transport links are all close by. This apartment is brand new inside so no work will be required to get the apartment on the market and let!
The number of second homes registered in a local area can really give you a feel of if the area is right for you. In M20, the mix is as follows:
No 2nd address 87.5%
2nd address within the UK 10.6%
2nd address outside the UK 1.8%
(Dated May 2017)
Want to know how in demand properties in a given area are? Occupancy is a useful indicator for demand, as well as illustrating how spacious or cosy properties are in the local area. In M20, 39.9 per cent of properties have two or more extra rooms and 24.5 per cent have no extra rooms.
Moxie Mingle Networking Events have been invited to the beautiful Garden Lounge and Walled garden at Eleven Didsbury Park to enjoy ‘Elevense’ the eclectic way to network on April 27th at 10.30am.
Everyone is welcome, just come and mingle and bring along plenty of business cards and leaflets as all guests will be given the opportunity to place their literature in a goody style bag for everyone to take away on departure.
The cost of the event is £15 which includes a tea/ coffee and refreshments!
The next edition of Didsbury Arts Festival is due to take place from 24th June – 2nd July, so the DAF is now looking for both volunteers to help with the event as well as artists who would like to discuss a proposal for an artwork.
DAF is a community led festival which each year relies on a team of fabulous volunteers to help with its smooth running. Its a great way to get involved in your local community, and there are a multitude of roles to fill which revolve around supporting artists and audiences to deliver the best festival yet.
A group of local business in Didsbury have been working on a plan to bring some fun, fitness and the local business community together to raise some money for The Christie.
The Didsbury Business Games is due to start of Wednesday 10th May 2017 and will run for 6 events over 8 weeks. They will stretch teams mentally and physically with events such as 10 pin bowling, a cooking contest, table tennis, dodge ball, very muddy assault course, soft ball and a back to school quiz night.
The weather may still be warming up outside, but it’s already a hot time of year for the property market. The expected uptick in sales has materialised as you can see from the chart. Particularly notable are sales levels of detached properties, which have increased 55.6 per cent since the last quarter of 2015.
With increasing clarity from the government, the housing market is returning to it’s usual stride. Looking at quarter-on-quarter price data in M20, we can see that the average sold prices of houses is up 24.6 per cent since the last quarter of 2015.
New housing is a hotly debated subject in the UK. Despite the recent uptick in building rates, demand continues to outstrip supply and more affordable homes need to be built. The situation has improved over the last few years; the number of new homes started and finished in the UK is at a nine-year high. However, forecasts show that England alone needs to build 50 per cent more homes to keep up with demand, so the issue is far from resolved. The pressure is mounting on the government to find a solution. 156,140 new homes were registered for construction in 2015, the highest it has been in eight years. This was half a per cent higher than the previous year and 45 per cent higher than 2009.
From 2014 to 2015, private sector starts increased by seven per cent, while Housing Association starts rose by five per cent. That means that since the credit crunch in 2008, the UK housing stock has grown by around five percent, which is no small feat.