reddish and tameside property blog

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

re:dish

A pop up charity shop has just opened on Gorton Road which we are extremely proud to support. Re:Dish run food banks in the local area and their main aim is to improve the lives for local people. If successful in their new venture they hope to secure a 25 year lease on the former council building and run many additional services which would benefit the community.

They’re currently on the hunt for volunteers to help run the shop, its a great way to meet new people, learn new skills, lend your expertise and make a real difference in our community.

For more information contact Revd Kate O’Sullivan on 07854598269 or email revdkateosullivan@gmail.com

 

We are over the moon to be supporting Re:dish with their latest venture, a charity shop in Reddish take a look at our interview with Rev Kate O’Sullivan to find out more!

Posted by Julian Wadden Estate and Lettings Agents on Wednesday, November 15, 2017

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Prices by type in the last few months

An analysis of monthly changes in house prices should always be taken with a pinch of salt, particularly when looking at a very local area. To try to strip out some of the nuances, we’ve displayed flats and houses separately but you’ll see the usual amount of volatility.

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Total number of sales by quarter

The quarterly sales chart for the local area provides a detailed overview on how the market has performed in the last couple of years. Here we show the total number of property transactions every quarter. This is a useful way to look at how market liquidity has changed since the previous year, whilst accounting for seasonality.

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Steps Involved in Buying Your First Home

On the face of it, buying a home is considered to be a complicated and worrying process, but it does not need to be.

We can guide you through the process and can offer expert mortgage advice specific to your circumstances.

Buying a home takes a number of weeks, as there are a number of different factors that need to be taken into account.

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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.

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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

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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.

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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

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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.

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