It looks as though 2018 will be a mixed year for landlords. Some will start to feel the pinch of the legislation that’s recently come into force, such as the loss of mortgage interest relief, while a number of tenants may give notice, due to incentives to buy. At the same time, there are likely to be some good deals around for landlords looking to expand their portfolios. For the rest, who may not have the means to buy in the next 12 months, it’s a good opportunity to take stock of their portfolio and make small improvements where needed to help translate rental income into better profits.
Marketed by Reeds Rains for a guide price of £325,000 is this three bed semi which is in need of a full refurbishment! Once renovated houses like this will achieve £425,000 and rent for around £1,350pcm so there is definitely some money to be made here. I imagine there will be a lot of interest in this property as it is close to Didsbury village and will appeal to developers as well as buyers looking for their own family home.
Head down for this free interactive art event by @OverDrawnManc at Volta on Burton Road, West Didsbury taking place on 7th February in the upstairs bar from 7pm.
There will be artists such as ‘Crozilla’ who’ll be doing some of his cool doodling live, and @jessicaonpaper doing her fabulous ‘pound portraits’ – amazing quality portraits for a bargain price and its a chance to explore your own creativity by drawing on the tables (actively encouraged!).
All materials are provided so join us and several local artists for an incredible art for sale and Illustration Showdown hosted by Pete Obsolete.
Ares Productions are performing their first full length play ‘An evening with Eddie Fontana – Fundraiser’ at Saison, West Didsbury on 9th February at 7pm.
Eddie’s got one more shot at the big time with his extravaganza in March (hurray!). But Eddie is flat broke (shocker). So he’s throwing a party to raise some money to get some half-decent guests in, and he wants you to come!
We’re talking drinking, dancing, drinking, party games, stuff to win, drinking, maybe some doughnuts, alcohol, and more drinking! It’s going to be sensational (or, knowing Eddie, a total mess)!
The long awaited opening of the Head of Steam in Didsbury village is now on the horizon with things kicking off from 5pm on Thursday 1st February.
This is the 16th bar to open of this well established company, with other bars spread throughout the North of England, specialising in serving craft beers and ciders on tap, cask ales, bottles and cans from around the world, and a great selection of cocktails, spirits and soft drinks.
They’re also offering a ‘world food’ menu, including Brunch and will have live music in the bar every week.
Its great to see another new arrival in Didsbury village and the filling of an empty space on our high street, and we wish them every success at this exciting time. Follow them on Twitter for the latest info…https://twitter.com/HOS_Didsbury
Marketed by Purplebricks for £175,000 this three bed semi in the heart of Withington looks to be an excellent buy! These houses benefit from off-road parking and a garden as well as being spacious and perfect for families and professionals. Although the property is situated in the centre of the village, it’s on a quiet cul-de-sac and is offered with no chain. You could expect to rent this property for £850pcm giving a 5.8% yield and houses in this area are always very popular.
The mix of tenure of properties is a substantial yardstick of the attributes of homes in a local market. One of the best parts of the planning system in the UK is that social housing is heavily mixed in with the private stock so we don’t get large geographical divides between people as is the case in urban France. This also shows how many people are renting, which has gone up nearly everywhere in the last ten years.
This chart shows how prices in the local area compare with those in the region and the national picture. Given our geographical position relative to the national economic centre of gravity, the relative price levels are what we’d expect.