FLYING THE NEST

  • Leaving home is often considered one of the biggest steps into adulthood, however, according to new research by the Office for National Statistics, young people are living at home for longer.
  • Twenty years ago, just one-quarter of those aged 18-34 in the UK still lived at home with their parents. Latest data indicates that the figure is now almost one third, equivalent to just over 4.7 million people.
  • There is also a significant difference according to gender: while just one-quarter of females remain at home with their parents, the figure is 37% for men.
  • Access to higher education, affordability of housing, and the ability to save money are just some reasons for staying put. The average age of a first-time buyer across England is now 34 up from 26 in 1997, while the average total income of purchasers has more than doubled from £18,080 to £41,839 over the same period (UK Finance).
  • If you are thinking of leaving your family home then please do get in touch on 0161 427 0755! We will help you find your own home and we have an in house mortgage advisor.
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1000 SALES PER WEEK AIDED BY HELP TO BUY

  • On average 965 sales per week have been completed using Help to Buy across England and Wales during 2018 (to the end of September), according to data released by the Ministry of Housing, Communities and Local Government and the Welsh Government.
  • Over 160 properties are purchased each week with the aid of Help to Buy across the South East, double that recorded in Yorkshire and the Humber, and three times as many as across the North East.
  • 81% of purchases in England and 75% across Wales, have been to first-time buyers.
  • The estimated average purchase price of a first-time buyer property aided by Help to Buy is £198,001 in Wales, £262,886 across England (excluding London) and £457,775 within London.
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Attention all investors! A property in Bredbury is offering a rare 6.5% yield

A superb two bedroom end of terrace which is offered with NO ONWARDS CHAIN has just hit the sales market today and is offering a superb 6.5% yield, complete with ‘ready to move into’ accommodation.

Located on Sandiway in Bredbury it is well located, being within walking distance to local shops and Bredbury train station. Offering a spacious lounge and separate kitchen area with space for a dining table. The kitchen has modern worktops and storage space and space for a washing machine. The first floor reveals two double bedrooms and a modern fitted bathroom.

Externally it offers off road parking at the front and a rear lawned garden.

The property is currently on the market with Warrens, Stockport for £120,000. Based on the guide price you would expect to see a 6.5% yield at £650 pcm.

Please click here for more info

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Three fantastic buy to let opportunities in Marple

This week I have compiled a list of my top three buy to let opportunities in the Marple area which offer fantastic rental amounts and yields.

If you would like any further information on these properties or any other property you are looking to invest in within the area please feel free to give me a ring on 0161 427 0733.

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A superb flat offering over 6% yield in central Marple

A new opportunity has hit the market which is offering over a fantastic 6% yield in a central Marple location. Situated on Stockport Road, this larger than average, first floor flat offers spacious living accommodation throughout.

The property offers; its own front door which leads through into a useful lobby area with the stairs that lead up into the main flat. The spacious lounge is situated at the front of the property whilst the large double bedroom can be found across the landing. The fitted kitchen offers plenty of worktop and storage space and the large bathroom offers a four piece bathroom suite with separate shower and bath.

Based on the property achieving £550 pcm, it gives you a very healthy 6% yield. Given it’s location and spacious accommodation it will attract a wide range of tenants, from your first time renters to your professional tenant who needs access to the train station. The prefect property to add to your portfolio.

Currently on the market for £110,000.

Please click here for more details

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Tour For Tokyo!

We’re helping Marple-based Paralympic cyclist Colin Lynch to get to Tokyo 2020. Join us and Colin on April 14 for a charity bike ride starting from High Lane. 3 routes available to suit all abilities.

Details can be found here: www.tourfortokyo.co.uk

Sub-tweet: Advanced Online Entry only. Limited Numbers so don’t wait to enter. Everything you need to know on the event website.

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FLESH

by Rob Drummond

A group of teenagers wake up in a forest with no clue how they got there. They find themselves separated into two different teams but have no idea what game they are expected to play. With no food, no water and seemingly no chance of escape, it’s only a matter of time before things start to get drastic. But whose side are people on and how far will they go to survive? 

A play about human nature, the tribes we create and cannibalism.   

Mon 4 March @ 8.00pm
Tue 5 March @ 8.00pm
Wed 6 March @ 8.00pm 

VENUE: All Saints’ Primary School, Brickbridge Road, Marple. SK6 7BQ

TICKETS:    £6  Book online at https://www.ticketsource.co.uk/marpledrama

WARNING: Contains language that some people may find offensive. F

www.fireandsteeltheatre.com

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Marple Gang Show!

This year Marple Scouts and Guides are celebrating their 55th annual show at The Carver Theatre. The show is running from Thursday 21st March to Saturday 30th March. Tickets cost £7.00 for all performances except the last night which is £8.00. You can book them on their website. Your tickets will be available for collection at the theatre on the night of your performance.

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ONE IN THREE HOME HUNTERS HAVE DECIDED ON THE SPECIFIC STREET THEY WANT TO LIVE ON

  • Close to one in three home hunters know the specific house or street they want to live in before starting a property search, according to new research by Zoopla
  • Londoners are most likely to have a definite idea of location, virtually half (48%) have a specific street or house in mind. This compares to less than one in five across Wales and the South West
  • If it’s not a specific street, then it’s most likely house hunters have an idea of what town they have in mind. A third of house hunters across the East of England, East Midlands, South East and Wales know which town or town(s) are of interest
  • With just one in sixteen prospective home hunters having no clue as to their location of choice, as an agent, knowing the ins and outs of your local area is critical
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UK HOUSEHOLD SPEND

  • At £572.60, average weekly expenditure (all costs, adjusted for inflation) per household in the UK is at it its highest level since the financial year 2004–2005, according to data published in January 2019 by the Office for National Statistics.
  • At £632.00 per week, households in owner occupation spend on average £52 more per week than those in the private rented sector at £580.10.
  • Across the UK, the average weekly amount spent on a mortgage is £159.60, equivalent to 27% of total weekly expenditure. 44% of weekly mortgage costs are attributed to interest payments.
  • For those in the private rented sector, rental costs account for 26% of weekly expenditure. Across London and Wales, the average spend on rent per week is higher than the average spent on a mortgage. In all but four regions, the differential is less than £20 per week.
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