Author: Jonathan Hyde

Bowden Hall West

A stunning grade II listed home set in mature grounds take a look below to get a sneaky peak.

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Why Shopping Local can benefit property prices?

Over the years many reports have been done on the economic benefits on local shops. The two national retailers that have mainly been in the press about this topic is Waitrose and Costa. Reports have directly shown property prices increasing due to either one of these retailers opening in a particular area and seeing property prices increasing up to 15%. While we don’t have a Waitrose we do have a Costa, but more importantly we have a selection of great local business owners. Our local retail has grown over recent years with an array of different bars, restaurants, and shops. With some of these getting critical acclaim and attracting out of area punters. The main reason why it increases value in the area is because our village center becomes more attractive and enjoyable, creating a more desirable location. Areas need to offer more than just transport links, schools, housing stock, they need to offer a lifestyle that is easily accessible on the weekends so its residents can wind down from the stressful working week. Watch the video to find out more.

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Dale Road site approved: 19 new executive homes by Seddon Homes.

Seddon Homes has been given planning permission for a 19-home development on Green Belt land in Marple on the site for a former care home.

The style of the properties range from detached, semi’s and bungalows, all are in great demand in the area and I’m sure there will be a queue for this unique location.

If your interested in the development and want to get in the best position possible to reserve one of the plots then please call me on 0161 427 0755.

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Tour for Tokyo: Raising funds for Paralympic cyclist Colin Lynch

Colin resides in Marple and has represented Ireland in both London 2012 and Rio 2016, winning a silver medal in the time trial in 2016. 

Now he’s working towards Tokyo 2020 but needs your help to raise funds for training, racing and equipment. The full story about why he needs your help and what the funds are for can be found here: Colin Lynch, Paralympian.

Along with the staff of Julian Wadden Estate Agents in Marple, he is organising this ride to help raise funds that will go directly towards his qualification campaign. We hope you’ll join him on the ride and follow his journey all the way to Tokyo.

If you don’t want to join the ride, you can donate directly to his fundraising campaign here: GoFundMe.

If you are interested in reading more about Colin, check out his blog here: https://racing4time.blogspot.com or view a quick video here: YouTube.

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sk6 property market review 2016

Well 2016 certainly hasn’t been a boring year. There have been major headlines throughout 2016 with many of our cultural icons passing on, political turbulence with Brexit and across the pond. You could say 2016 has been a difficult year but the great British Bake Off is back, Andy Murray won at Wimbledon and is the property market getting stronger?

I think many homeowners and buyers across the UK and more locally in SK6 will all have a similar opinion on what the market is doing, “Where are all the houses!!” And you would be right. The market has seen a lot fewer properties come available across the UK with 31% fewer houses in SK6 in comparison to 2015, which was a colossal 271 houses.

Many of our clients have experienced the dilemma of “need to move” but “nowhere to go to” and when new properties come available they tend to sell very quickly. This issue has mainly been the result of additional stamp duty charges coming into place, the European referendum and low mortgage rates. The property market was given an injection of pace at the start of the year with the rush to buy before additional stamp duty was put into place in April. This saw many buyers and BTL investors purchase a property quicker than they would have done before and in many cases something they would not have considered if the higher stamp duty wasn’t coming in, an element of panic buying. This set the tone of the market from January, and other than June, we saw an extremely strong year for properties selling, with nearly 8 out of 10 houses going under offer in comparison to only 6 out of 10 in 2015 in SK6.

As mortgage rates have been at an all-time low throughout the year, this has seen buyers realise that it is cheaper to pay a mortgage than to rent as rents continue to rise with no sign of slowing down. This has only fuelled the rise in the market locally with more able buyers now able to buy at all price brackets, creating fierce competition and pushing prices up across the board. The other issue buyers have experienced is high demand. SK6 has continued to grow in demand over the last five years but it has been more evident this year, due to the lack of new properties available. Our outstanding schools, picturesque location and short train journeys to Manchester continue to attract new families to the area. In many properties we have dealt with we have seen viewing numbers in double figures, with multiple offers and breaking the ceiling value of the street.

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it’s official – letting agents save landlords an average £1,910 per year

A new survey suggests that a letting agent saves a landlord an estimated £1,910 a year.

The result of an investigation into 500 landlords by insurance firm Endsleigh suggests that there are widespread misconceptions among landlords about the value for money offered by letting agents.

Of those landlords suggesting that they could save money by not using agents, the average sum ‘saved’ on fees was £159 per month. However, a new survey suggests that a letting agent saves a landlord an estimated £1,910 a year.

The result of an investigation into 500 landlords by insurance firm Endsleigh suggests that there are widespread misconceptions among landlords about the value for money offered by letting agents.

Of those landlords suggesting that they could save money by not using agents, the average sum ‘saved’ on fees was £159 per month.

However, comparative analysis of the rental income and void periods for those landlords with, and those without, agents suggested that in fact agents saved their clients an average of almost £2,000 each.

Most of the savings for landlords are created by agents minimising void periods when compared to landlords who go it alone marketing their property.

Some 76 per cent of respondents to the survey reported that their agent helped them pro-actively find tenants, as well as providing other services such as help with legal and financial matters and so contributing to a reduction in overall costs.

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sales in SK6 by quarters

It is the time of year when we can reflect on how the last four quarters have performed. The adjacent chart splits the total number of sales for all property types into quarters. Not surprisingly, last quarter of 2015 was the strongest quarter with 256 sales (32.4%) in SK6. The first quarter of 2016 saw 242 sales, which equates to 30.6%.

 

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tenure patterns in marple

In SK6 the most common property tenure is owning with a mortgage (23,333 households which is equal to around 46%). This figure also includes shared ownership. The next more common tenure is those lucky people who own their home outright, accounting for 17,400 households or 35%.

 

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SK6 flat and house prices

The last 18 months have seen a seismic shift in the underlying dynamics of the UK economy. While the long term effects of Brexit on property prices remain to be seen, price levels in SK6 remain robust, as the adjoining chart shows. Prices for flats have increased 10.3% since April 2016 and house prices have increased 11.7% since December 2015.

 

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