October 23, 2016
A good news story made the headlines this month when Reddish resident, Brenda, was reunited with her long lost brother, after being adopted at a young age. The opportunity came when Branda got inspired whilst listening to a similar story on a BBC Manchester radio show. She got in touch with the show and with their help and the help of the charity After Adoption, she finally made contact with her brother who currently lives in Maryland, USA.
October 22, 2016
The volume of sales in a given area is a powerful measure of the vitality of local housing markets. In the last two years there have been 944 sales in SK5. Terraces accounted for the largest number of sales (473), followed by semis (332), then flats (109) and detached properties accounted for the fewest sales (30).
October 20, 2016
Since the last quarter of 2013, average sales prices of semis in SK5 have increased by 22.9%, which represents the best performance of all property types. The next highest performers were flats, which saw an increase of 20.9%, followed by terraces (14.4%). The poorest performance came from detached properties, which still managed to increase by 11.1%.
October 20, 2016
The Dogs Trust in Denton are throwing a three day Yucky Hunt this Halloween, from Friday 30th October to Sunday 1st November. It is aimed at dog owners and their children and includes, on the Saturday, demonstrations and tricks from the dogs at the dogs trust. The Hunt also demonstrated ‘Scary’ things that can occur when people don’t look after their dogs health!
Follow the link to read more and to find out what is going on all around the city…
October 18, 2016
This property recently came to the market and grabbed my interest so I decided to feature it in today’s blog.
Looking through the pictures on rightmove the property looks in pretty good shape and should require little or no work to be “lettable”. The location is fantastic being in the centre of Reddish close to Schools and transport links.
Assuming you paid £100,000 for the property and with a rental income of £575 per calendar month this would give you a return of 6.9%. The property is on the market with Bridgfords, click on the below link for more information.
October 17, 2016
Each area of the country has a different demographic profile in terms of the age of local residents. The exact balance of age groups has a profound effect upon the demand profile of the local market. The average age in SK5 is 36 years old. This is lower than the North West average (39 years old) and lower than the national average (39 years).
October 14, 2016
A purpose built apartment which would make a perfect starter property for any budding investors, located in the centre of Stockport.
The reason this apartment is such a good buy is due to its simplicity, its cheap, modern and low maintenance. Combine that with a yield of over 7.5% and you have got a recipe for a fantastic investment. There is also a lot of scope for the value of both rental and sales to increase significantly with the impending development of Stockport exchange and Redrock which will bring a lot of business and employment to the area.
In the last 12 months alone we have seen rental prices for similar 1 bed apartments rise by as much as £75 per calendar month. This property in particular should rent for around £495-£525 per calendar month which would be a yield of over 7.5%. Service charges and ground rent need to be taken in to consideration but accounting for an average charge of around £80 a month you would still be achieving a yield of up to 6.5%. The property is being marketed by ourselves and the details can be found on Rightmove using this link.
October 13, 2016
The advent of broadband has dramatically altered our expectations about what we can do from the comfort of our own home. The ability to buy groceries, order a new dress, stream HD movies, make video calls and download files all at the same time has changed the way we think about where we live. With that in mind, it is no surprise that broadband speeds play an important role in house-hunters and landlords’ decisions when looking for new homes or buy-to-let properties.
Research by internet service provider KC suggests that three out of four people take broadband speeds into account when choosing a home. Rightmove certainly agree, with results of their recent survey indicating that people now value broadband speeds just as much as a property’s proximity to a good school or transport infrastructure.
Of course, out of everyone it is the younger generation who place the most emphasis on internet speeds, with Rightmove reporting that 18 to 35 year olds are influenced by how fast a connection is. Around half of this age bracket say they would reconsider a property if they found that the connection speed was inadequate for their needs.
As the world becomes ever smaller and more integrated via the web, there is a greater amount of people working from home instead of commuting to an office. ONS reports that the total figure of home-based workers in the UK is currently 4.2 million; nearly 14% of the entire UK workforce. In SK5, 2.8% of the workforce works from home, equivalent to around 370 people. Those who do work from home might not have to worry about the daily grind when commuting to work, but they will want to make sure their internet speed does not cause them a daily headache.
Even for those not working from home, broadband has become an essential part of everyday life. Video messaging services like Skype and FaceTime have changed the way we communicate, while live streaming of music and movies on sites like Spotify and Netflix has made the need for an uninterrupted internet connection that much more important.
A survey conducted for the Halifax showed that over 20% of people surveyed would be willing to pay more for a property with a fast broadband connection than for one without. Broadband provider Hyperoptic also recently found that people were willing to pay up to 11% more for a property with 100Mbps broadband speeds. Given the average property price in SK5 is £116,200, this equates to an additional £12,800. Hyperoptic also found that 60% of the people they spoke to said an internet connection was more important than having a garden, or good neighbours. These results just go to show what an important role superfast broadband plays in people’s lives.
October 10, 2016
I saw this property come to the market recently and thought it was worth putting it out there for all you potential landlords and investors.
This house would make a fantastic first time investment for anyone considering getting in to the property market and would also be a good addition to any landlord’s portfolio. The property looks in good condition and is in a good location. These sort of houses are the bread and butter in Reddish and always rent well. We have let properties on this street in the past and with a rental income of around £650-£675 per calendar month which would give a yield of up to 6%. There are better yields to be had in the area but this property is all about the capital growth!
The property is on the market with Phillip James, click on the below link for more information.
September 28, 2016
Here we have a fantastic opportunity for an investor who likes to put their own stamp on a property. This property is in need of improvements but would make a great buy to let investment.