Month: August 2018

In our property market, timing is everything; here’s why.

We can’t remember a time when there’s been more excitement about the Marple and Marple Bridge property market. We’re having more and more conversations with the buyers and sellers we advise who realise that they’ve ‘timed their runs’ perfectly. As we’ve seen many times before; as the market turns a corner, momentum starts building very fast.

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A modern fitted ground floor flat offering over 6% yield

Located on Grimshaw Close, Bredbury is this one bedroom ground floor flat. Offering a modern finish throughout, close to local shops and transport links and offering no onwards chain this is ideal for a buy-to-let investor looking for a simple rental and immediate returns.

This flat benefits from an entrance hall, a modern fitted bathroom with shower unit, a double bedroom, a lounge with feature fireplace and a modern kitchen. There are also two separate cupboards great for storage. Externally the property offers a communal garden area with an Indian Stone patio and  lawn.

Located a stones throw away from Woodley precinct and Bredbury train station it is ideally situated with everything on your doorstep.

The yield you would look to achieve would be 6.3%, this is based on £500 pcm, you will be able to charge a little bit more than usual because of the position and desirability of it being on the ground floor.

Currently on the market with Reeds Rains, Hyde for £95,000.

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  • While many people enjoy their summer holidays, agents up and down the country are gearing up for a very busy few weeks.
  • Analysis by Dataloft Rental Market Analytics on tenancies started over the past three years reveals that more than a fifth of the year’s tenancies are expected to begin in the next two months.
  • Over the next few weeks demand from students looking for accommodation before term starts, recent graduates starting new jobs and families seeking to move before the next school term will combine.
  • With more than two fifths of tenancy agreements being for 12, 24 or 48 months, many existing tenancies come up for renewal at this time of year and tenants may choose to move, further boosting demand for rental properties.
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  • 1.6 million hectares of England and Wales, that’s 11% of total land area falls under the official designation of a National Park, and this week, 22–29th July, is National Park’s week.
  • Over 400,000 people live in the thirteen National Parks that span England and Wales. The first parks, the Peak District, Lake District, Dartmoor and Snowdonia were formed in 1951, the latest, and most highly populated, the South Downs officially designated in 2010. There are also two National Parks in Scotland – Loch Lomond and The Trossachs and the Cairngorms.
  • Property prices across all the National Parks, with the exception of the Broads, attract a price premium compared to their local region. The average price of a property across six National Parks is over 50% higher than the regional average.
  • Average prices across the parks vary considerably. Properties in the New Forest are the most expensive (just shy of £625,000), compared to Northumberland and Snowdonia where average prices are below £200,000.
  • And what of the future? Just last month an ambitious vision to create a National Park in the West Midlands which would span seven cities and create hundreds of miles of green space was unveiled; while a year from now London is set to be declared the world’s first National Park City, vibrant with nature and people enjoying the great outdoors.
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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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Etherow Country Park Sailing Club Annual Charity Fun Day:

Etherow Country Park host the annual charity fun day for the Sailing Club! Pop down between 11am and 4:30pm for trips around the lake, hook a duck, wheel of fortune, try your hand at sailing, face painting, model boat display, bbq & refreshments and a Friends of Etherow exhibition.

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Facts and fun at the Romans Lakes

The Roman Lakes are hosting Facts and Fun to help raise money for Mellor Archaeological Trust and Friends of Our Valley. Head down on the September the 9th between 11am – 5pm for Guided Tours, Fete Stalls, Craft Workshops, Music Tent, Beer Tent and Games. The cost is £3 for Adults and under 16s are free.

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King Zepha at The Roman Lakes

King Zepha are playing the Roman Lakes on Saturday 25th August, booking is essential! Tickets cost £15 which includes a fantastic performance from King Zepha, main meal and dessert. If you would like to bring your own alcohol glasses will be provided on the night. Alternatively, Tea, Coffee & Soft Drinks may be purchased.

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ATTENTION BUY-TO-LET INVESTORS! A two bedroom semi-detached offering a potential 7% yield

A must view if you are looking to acquire a rental property offering a 7% yield in SK6. This two bedroom semi-detached property on Marina Road, Bredbury offers off road parking at the front, a large rear garden and spacious accommodation internally. The property is in need of substantial cosmetic work inside but offers the opportunity to create a modern, well presented rental property that will attract a wide range of tenants.

The property comprises to the ground floor; a bay fronted lounge which is well proportioned, the kitchen/diner is at the rear and comes complete with a useful downstairs WC which is located under the stairs, this room would benefit from the addition of French doors that would lead out onto rear garden. The first floor reveals two double bedrooms and a fitted shower room. Externally the property offers off road parking at the front and a large rear garden which spans approximately 50 feet in length and benefits from a separate patio and lawned area.

The yield is definitely the selling feature of this property offering a rare 7%, this is based on £700 pcm which would be achievable once works are completed.

Currently on the market with Edward Mellor, Woodley for £120,000.

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