reddish and tameside property blog

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

buy to let in m18

A property with an attractive guide price of £90,000 has just been added to the market! its a two bedroom, mid terrace situated on Beatrice Avenue in Gorton.

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  • £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.
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  • 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.
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attention buy to let investors

If your searching for your first investment property or another one to add to your portfolio look no further! 

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do you have a property to let?

There are just three weeks left until our summer time offer comes to an end, If you’re interested in discussing our lettings services give me a call on; 0161 443 4022.

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immaculate buy to let opportunity

Philip James estate agents have for sale a great looking semi-detached property on Thrapston Avenue in Audenshaw, the property was only added to the market yesterday with a guide price of £125,000!

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affordable investment in north reddish

Reeds Rains Estate Agents based in Reddish have for sale a two double bedroom terrace property on the market with a guide price of £120,000.

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buy to let investment in M34

Edward Mellor estate agents based in Denton have for sale a two bedroom, mid terrace property on the market with a guide price of £110,000.

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perfect buy to let opportunity

Purple Bricks have for sale on Windmill Lane in Denton a two bedroom, mid terrace property that appears to be in an immaculate condition.

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