reddish and tameside property blog

(covering reddish, dane bank, denton, debdale and gorton)

Three big reasons to be positive about the Reddish market

If you venture online, pick up a paper, or watch the news, any mention of the property market in the UK comes with a measure of doom and gloom these days. However, interest rates are still very low and are not likely to rocket up, so it’s not a remotely dangerous time to buy or sell a home. Here are our three reasons homeowners should be optimistic about the prospects for the property market in SK5.

Continue Reading

devon close, brinnington

Theo gives us the headlines of this buy to let opportunity on Devon Close which is currently tenanted achieving around a 6.5% yield!

https://www.julianwadden.co.uk/property-details/27356078/stockport/brinnington/devon-close

Devon Close, an ideal Buy to Let investment currently achieving a 6.5% yield! Give Theo a call for further details, 01614434022. https://www.julianwadden.co.uk/property-details/27356078/stockport/brinnington/devon-close

Posted by Julian Wadden Estate and Lettings Agents on Tuesday, November 7, 2017

Continue Reading

Keeping money aside for expenses

Renting a property is as simple as purchasing the property and letting it out, you need to ensure the property in maintained and that you money set aside to cover these expenses. Although lenders will typically require the rental income of your investment property to be at least 125% of your mortgage payment amount, this doesn’t always mean that the property will generate positive cash flow or give sufficient net profit to cover all the expenses of maintaining the rented property over the typical 15 to 20-year ownership.

As well as regular and one-off maintenance expenses, allowances need to be made for times when there may be no rental income. Tenants may stop paying their rent and the property is sometimes empty between tenancies, and you still need to be able to cover the mortgage and other costs during this time.

It is therefore vital that you budget properly to ensure that the investment is worthwhile and not going to cost you money month-on-month, before you commit to buying a property to let.

Continue Reading

new build development, david street

Guys, I want you to be the first to know of two new build properties due to launch to the property market soon. They are a pair of semi detached properties with four bedrooms each. Watch my video for more info and to understand how to register your interest.

We're on David Street in Reddish to give you a sneak look at a pair of 4 Bedroom new build properties soon to launch to the market. Register your interest and be one of the first to view. 01614434020 #Reddish #NewBuild

Posted by Julian Wadden Estate and Lettings Agents on Monday, October 30, 2017

Continue Reading

method of commute

Commuting patterns are a significant barometer of the profile of people in a property market. For example in areas where most people travel to work by car, there tend to be more even property price distributions across the local market. On the other hand when people mostly travel by train or underground, there are big price hot spots around the stations.

Continue Reading

index of house prices by property type

Over the last twelve months we’ve seen pretty strong performance in the local market. We wanted to see how different property types have performed, so we indexed the values at the start of the period. Property data updates quite slowly, so we’ve estimated the last 3 months.

Continue Reading

monthly sales rates by house type

This chart nicely reveals how sales levels have played out over the last seven months in our area. We’re looking at a relatively tight area over relatively short periods of time, so you don’t get the nice smooth patterns you’d see using annualised analyses or at higher levels of geography. The patterns however, are very revealing.

Continue Reading

xmas wreath workshop

The local art centre & gallery ‘Arc’ holding an event to create Christmas Wreath’s. It’s on Thursday 9th Nov 10:00-15:00 and the cost is £50.

Join them to create your own textile wreath in traditional Christmas colours. Wreath will be made with felt flowers and decorations. Basic sewing skills desirable but not essential as much of the making will involve wrapping and cutting.

www.Arc-Centre.org/book-a-workshop

Continue Reading

halloween party at the houldsworth arms

A fun one for this kids this halloween! The Houldsworth Arms is hosting a Kids Halloween party on 31st October at 4.30pm to 7.00pm. Its only £2 per head and you pay on the door.

Continue Reading

denton west cricket club bonfire & fireworks spectacular

Denton West Cricket Club are hosting their annual bonfire & fireworks spectacular. Due to take place on Saturday 4th November this is a ticket only event, there are no cash payment options on the night. Tickets can be purchased from the club directly every Monday night between 6.30pm -8.00pm. We understand that numbers are limited for safety reasons so be sure to get your tickets as soon as possible.

http://dentonwestcc.leaguerepublic.com/newsArticle/bonfire_fireworks_spectacular.html;jsessionid=5B97D469185D7729054D6E206F6D6936

Continue Reading