Situated in the very desirable West Court in Didsbury Gate, this two double bedroom apartment is on the market with Bridgfords for £325,000. These properties have increased in value substantially over the last few years and achieve rents of approximately £1,150 pcm. Although the annual yield of 4.2% may not be high enough for everyone, when you factor in the capital growth and the low maintenance involved in renting high spec modern apartments this could be the ideal investment.
We can’t remember a time when there’s been more excitement about the Didsbury property market. We’re having more and more conversations with the buyers and sellers we advise who realise that they’ve ‘timed their runs’ perfectly. As we’ve seen many times before; as the market turns a corner, momentum starts building very fast.
I read an article this week which I wanted to share with you as it highlighted the most lucrative postcodes for buy to let landlords in Manchester, with some even offering the best yields in the country.
M14 offered the 5th highest yields in the country closely at 10.1% followed by M19 which covers parts of Levenshulme, Burnage, Heaton Mersey, Heaton Chapel and Reddish which made it into the top 10 with an average yield of 8.6%.
Didsbury is home to numerous interesting landmark buildings which are steeped in history and play a vital role in our community. From Parrs Wood Stables to The Towers; Nazarene College to the Islamic Centre, enjoy a new view of Didsbury when its most interesting and beautiful buildings open their doors to visitors. Churches, libraries, gardens and all sorts of fun activities will make for an interesting, educational and family-friendly weekend. This great family event is presented by the Didsbury Civic Society, as part of the national Heritage Open Days celebration, taking place between the 6th and 9th September, click http://www.didsburycivicsociety.org/ to learn more about this event and access the Society’s latest newsletter!
Fancy doing something a little different for a Sunday evening?, how about attending an evening at the Didsbury Comedy Club, a monthly event which is hosted at the Didsbury Cricket Club! The Didsbury Comedy Club has taken place here in Didsbury on the first Sunday of every month since 2008. Acts who have appeared here include John Bishop, Sarah Millican, Romesh Ranganathan, John Thomson and Justin Moorhouse to name but a few! The venue has a fully stocked bar including real ale and we have ample free parking. The next event is due to take place on Sunday 2nd September between 7:45pm to 10pm @ M20 2ZY, with this month’s line up features Adam Rowe, Tom Houghton, Kate McCabe, MC Toby Hadoke. A great excuse to catch up with Friends to round off your weekend, expect plenty of laughs, a great atmosphere and a range of drinks! Tickets for this popular event often sell out in advance, buy your tickets directly from the venue or online at £8 each, head over to http://iwantacomedynight.com/comedy-clubs/didsbury-comedy-club/ to learn more!
Inner Peace – Outer Strength – Great Fun – all things that Yoga can offer to you close to home here in Didsbury village! Yoga with Manjunaga hold weekly drop in yoga classes aimed at all ability levels at The Didsbury Parsonage, a beautiful Grade II listed building set in the urban oasis of Parsonage Gardens. All classes are kept small and intimate to allow for greater personal attention and there’s no need to book in advance, just turn up and don’t worry all yoga equipment is provided! With Wellbeing venues recently voting the Didsbury Parsonage one of the 10 most Beautiful Venues to hold a Yoga Class in the UK, we think this event and venue is well worth a visit! Classes take place at the convenient time of 6pm and cost just £9 per person. To learn more click; https://www.manjunaga.com/
£873 billion – the total value of mortgage debt across England, according to the latest data released by UK Finance. That equates to just over £130,000 for every owner occupier mortgaged household across England.
The level of mortgage debt is rising, up 2% on a year ago, and 8% higher than four years ago. That’s not surprising given stretched affordability and the increasing number of longer-term mortgages. Over half of all first-time buyer mortgages are issued for a period of 30 years or more according to the 2017/18 English Housing Survey, up from just 40% in 2015/16.
The level of debt per household is highest across the capital, where property prices are close to twice the England average. Less than half of all households across London are owner-occupiers, just 22% of households are owner-occupiers with a mortgage. This compares to 65% and 30% respectively across the rest of England.
To date in 2018, 95% of all new mortgages issued for new homes and remortgages have been on fixed-rate deals. While the average interest rate has increased slightly, from 2.09% in January to 2.2% in May, this remains low compared to historic standards and any interest rate rise is unlikely to cause significant waves across the market.
There are 14.4 million households across England who own their own home, either outright or with a mortgage. This is 63% of all households.
Of these, the latest results from the Survey of English Housing estimate that 576,000 (4%) are planning to move within the next six months.
Moving up the ladder to a larger home is the primary motivation for existing owners, although not for those who own their home outright. Almost a third of those who own outright are looking to downsize.
As the new school year gets underway shortly, moving home to be in particular school catchment areas is a motivation for almost 10% of owners with a mortgage.