marple and marple bridge property blog

(covering marple, marple bridge, mellor and compstall)

UK AMONG LOWEST ESTATE AGENCY FEES GLOBALLY

  • A drop of more than a third of the average sole agency fee for a traditional estate agent in the UK, to 1.18% (plus VAT), since 2011 makes it among the cheapest prime location for agent fees in the world.
  • Of the places analysed, only China and Hong Kong had lower seller-side fees at 0.5% and 1.0% respectively. Other countries with significantly higher seller fees including Mexico (7.5%), the USA (5.5%) and France (5%).
  • The UK comes out as the cheapest location to buy in terms of estate agent fees when you consider the combined buying and selling commission fees (assuming no buying agent is used).
  • A survey carried out by TheAdvisory of over 2,000 property sellers in England and Wales, which was reported by Prime Resi, also identified that 95% chose a traditional agent over a new online and hybrid agencies (often with ‘no sale no fee’) to sell their home.
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TRANSACTION LEVELS RISE IN AREAS WITH ACCESS TO ULTRA-FAST BROADBAND

  • A quick analysis of sales volumes to date in 2018 indicates that in areas where sales have increased compared to the same period last year, on average virtually half of all properties have access to ultra-fast broadband, with an average download speed of 46.4mbps.
  • In contrast, in those areas where sales have fallen, just under one third of properties have access to ultra-fast broadband and the average download speed is slightly lower at just 42.9mbps.
  • While broadband coverage and speed may well not be the most important factors in choosing which home to buy, their impact on daily life is ever increasing. 89% of adults now use the internet each week, up from just 51% in 2006 (ONS), and a rising proportion of the population works from home for at least part of the week.
  • Upgrade to Inform’s new local demographic pages for analysis of connectivity in your area and check our blog to find out more.
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A two bedroom terrace in a popular central location in Romiley

This two bedroom terrace located on Birch Avenue, Romiley is the ideal buy to let property to add to your portfolio. In an ideal central location in Romiley close to the train station, local shops and restaurants this will attract a lot of attention.

Generously sized accommodation throughout including an entrance hall, lounge, dining room, fitted kitchen with certain integral appliances, 2 double bedrooms, a box/storage room and large bathroom with white suite. Gas central heating is installed along with UPVC double glazing and the property was re-roofed approximately 9 years ago. Outside there is a forecourt front garden and enclosed patio area to the rear.  This property offers the potential to create a third bedroom by splitting the master bedroom at the front. This will open the market up to more tenants looking for a third bedroom.

The property in its current value will fetch £750 pcm, giving you a healthy 5% yield. If you were to create the third bedroom you could market the property at £850 pcm.

Currently on the market with Thomas Lardner, Romiley for £179,950.

https://www.rightmove.co.uk/property-for-sale/property-56494590.html

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FOOD GLORIOUS FOOD

  • Close to a quarter (23%) of the UK population eats out once a week or more, according to research by PwC published last year, with the value of the eating-out market in the UK estimated to be in the region of £88 billion pounds.
  • While the proximity of local restaurants may not directly influence a house purchase, the availability of such amenities is certainly a consideration. Unsurprisingly there are significantly more restaurants in London then elsewhere across England and Wales when compared to the number of residents.
  • For fine-dining, the Michelin star guide for 2019 was released earlier this month, including 21 new entries across the UK. All five of the UK’s Michelin three-star restaurants retained their accolade.
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CANAL SIDE LOCATION! A terrace in the heart of Marple offering something a little special

CANAL SIDE LOCATION. A perfect buy to let property is this two bedroom terrace home is well presented throughout and located in the heart of Marple Village. Ideally positioned with beautiful canal walks on your door step and with the benefit of all the local amenities that Marple has to offer. Location at the end of a quiet cul-de-sac with permit parking available (via SMBC).

In brief the property offers to the ground floor; spacious living room which has been tastefully decorated and a focal fireplace. The kitchen diner also offers generous proportions with useful under stairs storage and plenty of space for a dining table. A great space for entertaining family and friends. The rear courtyard backs onto the canal yet still offering a private space to enjoy the outdoors.

The first floor reveals a large double bedroom and a spacious single bedroom with fitted wardrobe. The bathroom offers a four piece suite with walk in shower.

The property offers substantial capital growth as the location alone attracts alot of people with it being so close to central Marple and backing onto the canal, with similar properties on the row going for around the £200,000 mark. Giving you the opportunity to rent the property out for £725 per calendar month and a healthy yield for Marple.

Currently on the market with Julian Wadden, Marple for £185,000.

https://www.julianwadden.co.uk/property-details/28223181/cheshire/marple/townley-terrace?page=1&instruction_type=Sale&address_keyword=Townley+Terrace&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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Planning achieved for Phase 2 of the skate park!

AT LAST! Planning permission for Marple Skatepark Phase II has been granted!

The planning application submitted in December last year was finally granted by Stockport Council yesterday. The plans are for improvements to the small top section of the existing skatepark and the transition to the lower section; plus resurfacing of the existing basketball court and additional fencing, turning the court into a modern Multi-User-GAmes facility (MUGA).

The process has taken a long time because comments objecting to the plans submitted in December were received. Of these comments, the planners decided that one in particular needed to be addressed. This was that “there would be no hard-standing access to the new sports area (existing basketball court)” once the improvements were completed.

This has taken considerable time to reach a satisfactory conclusion, as the only way to provide this without restarting the planning process from scratch was to create a new footpath within the footprint covered by the existing planning application. This forced us down the route of adding a footpath along the top edge of the skatepark area (the strip shaded a peachy colour in the 3D visual).

Unfortunately, RoSPA regulations for skateparks stipulate that you cannot have a footpath closer than 2 metres from a skatepark obstacle or feature. This meant that we effectively lost a 3 metre usable strip in total from the top section of the skatepark. The loss of this space meant that we had to make significant changes to what we had originally hoped to do with the top section design, as you will see if you compare the approved plans with what was originally submitted.

But, we are where we are, and at last it’s approved and we can move forward.

The next stage is to firm up the costs for the whole of Phase II. Discussions are ongoing with the skatepark contractor to confirm their costs for the skatepark element and to satisfy the council’s procedures for a single tender action. The MUGA element of the works is expected to go out on competitive tender before Christmas and once we have both prices finalised we will know how much money we need to undertake the full works planned.

The really good news is that £85,000 of Formal Sports Commuted Sums has been approved by the council for this scheme. We won’t know for a while if this is quite enough to do the whole project but if not, it will certainly be a very significant proportion of it. Obviously once we know, and if there is a shortfall, we will look for ways to raise any extra money that is needed.

It may interest Marple people to know that the formal sports commuted sums have come from the Morris Homes development on Hibbert Lane.

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Located on a popular avenue in Romiley this terrace won’t disappoint

This two bedroom terrace on Birch Avenue, right in the heart of Romiley is a fantastic buy to let opportunity, offering both a fantastic yield and capital growth.

The property is need of slight modernisation and cosmetic improvements, but once works are complete you would look to achieve a healthy 5% yield, this is based on £750 pcm. There is also an option to create a third bedroom, as the master is so large you could create two well proportioned bedrooms. Three bedroom terraces in the area can achieve upto £850 pcm giving a 5.7% yield.

The property comprises to the ground floor; an entrance hallway with stairs leading to the first floor, the bay fronted lounge at the front of the property is well proportioned with the separate dining room at the rear. The larger than average kitchen has plenty of worktop and storage space and breakfast bar. The first floor reveals two double bedrooms, with the possibility to create a third bedroom. The family bathroom has a three piece modern bathroom suite in, a small boxroom is situated next to the bathroom and could be knocked through to create a larger bathroom with space for a shower and a bath.

Externally the property offers a walled front garden and a rear courtyard and outhouse typical with a terrace property.

Currently on the market with Thomas Lardner, Romiley for £179,950.

https://www.rightmove.co.uk/property-for-sale/property-56494590.html

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