(covering marple, marple bridge, mellor and compstall)

Month: November 2018

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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