marple and marple bridge property blog

(covering marple, marple bridge, mellor and compstall)

A fantastic opportunity offering the potential to earn over 7% yield

This two bedroom, bay fronted mid terrace is situated on Stockport Road East, Bredbury and is offering the prospective buyer a chance to earn over a 7% yield which is a rarity in SK6!

The property comprises of an entrance hallway, the separate dining room is situated at the front of the property, whilst the living room is at the rear. The kitchen is in the extension off the rear with a handy downstairs WC at the end. The first floor reveals two bedrooms, one double and one single. There is an ensuite shower room and a separate bathroom.

Externally the property provides a rear walled courtyard.

The property is need of full refurbishment, and build costs need to be taken into account when looking at the yield. Even with build costs included there is a potential to earn over 7% which is a rarity in the SK6 area.

The property is currently on the market with Edward Mellor, Stockport at £80,000. The property is going to auction.

https://www.rightmove.co.uk/property-for-sale/property-65723365.html

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Foragin – NEW BAR

We always get excited about a new bar opening and this one has not disappointed. With a superb selection of gin and a stylish interior, it is a great addition to Marple’s already great bars and restaurants.

Definitely worth a look!

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Flower Power!

Marple’s Open Gardens is only a couple of weeks away on the weekend of Saturday 7th & Sunday 8th. Find out how to get involved and how to support a great cause raising money for Cancer Research UK.

 

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A stunning two double bedroom apartment spanning over 1100 sq feet offering a fantastic yield

A stunning and stylish TWO DOUBLE BEDROOM, TWO BATHROOM apartment spanning over 1100 sq ft. The apartment has lift access and allocated parking and is only a short drive from Marple Bridge Village. The Kinderlee Mill development in Chisworth was built in 2016.

Finished to an exceptional standard this apartment is an ideal first time rental property offering ‘Ready to move into’ accommodation. Ideally located with only a 8 minute drive to Marple Bridge with bars, restaurant’s and train station directly in the Manchester.

In brief the property offers a large entrance hallway which offers ample space for a cloak area and doubles up as an office space. A utility room and w/c giving extra storage space. Two double bedrooms both benefitting from ensuite shower rooms. A large contemporary kitchen with integral dishwasher, fridge freezer, oven and hob. The kitchen also offers ample space for a breakfast table. The living area is extremely generous in size with plenty of space for both a lounge and dining area.

The apartment has a great feel about it with superb entertaining space and is larger then most apartments.

The potential yield you would look to achieve on this property is 5.7%, this is based on £850 pcm. There is a yearly service charge which is £1500, broken down this is £125 per month and includes the maintenance of the building (inside and out), communal areas, window cleaning and buildings insurance.

Currently on the market with Julian Wadden, Marple for £180,000.

https://www.julianwadden.co.uk/property-details/27955276/derbyshire/chisworth/kinderlee-mill-south?page=1&instruction_type=Sale&address_keyword=kinderlee&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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Another great carnival

We were proud to be the main sponsors of the Marple carnival for the third year running. I am sure you had a great day with all that was on offer, the parade was certainly in full swing and there was so much on offer in the Park.

Have a look and see if you made it onto the pictures!

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How much have house prices increased since England won the World Cup?

With the FIFA World Cup kicking off on 14th June, we have been reflecting on the last time that England was victorious and how much the housing market has changed since then.

When England last won the championship in 1966, the average price of a home was just £3,558. More than half a century later, average prices have increased by a massive 5853% to almost £212,000. Back then, just over half of homes (51%) were owner-occupied. Now the proportion of households living in their own home has increased to 63% (although it did peak at 70% in the early 2000s).

The proportion of households renting privately is at the same level as it was, at 20%. However, this masks the massive change in private renting in the intervening years, having dropped to less than 10% in the early 90s.

Finally, there have been many changes to the fabric of our housing stock. Since Bobby Moore lifted the World Cup, more than 6.5 million new private homes have been built across England.

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Annual Percentage increase in average rents

I have reported in previous editions of ‘The Landlord’ that there has been an increase in average rental figures across Manchester so I thought I would look further into this date and look specifically at the area’s Julian Wadden covers.

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Breakdown of age bands

The split of population by age group has a big effect on the local housing market; the demographic profile affects prices, but more importantly the tenure mix and the rates of sales. The patterns you can see here gives you a good insight into the profile of local residents.

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A beautifully presented ‘ready to move into’ terrace on Compstall Road

A stunningly refurbished two bedroom cottage terrace with OFF ROAD PARKING. This superb property has been refurbished to a high standard and ideally located within easy walking distance to both Marple Bridge village and Etherow country park. It will appeal to your first time renters and professional couples.

In brief the property offers a spacious lounge with a feature fireplace, under stairs storage, a downstairs w/c and a large kitchen diner. The kitchen has been fitted to a high standard with extensive storage units and work surfaces whilst still offering plenty of room for a large dining table.

The first floor reveals a double bedroom, a single bedroom and a contemporary three piece bathroom suite.

Externally the property has a yard area which has been resin bound with a spacious outbuilding ideal to covert to an home office or great for storage.

This property is ‘ready to move into’ and will require no work before being able to rent it out, you will be able to achieve £700-£750 per calendar month and will have no trouble renting it out due to the finish, location and added bonus of off road parking.

The property is currently is on the market with Julian Wadden, Marple for £190,000, giving you a 4.7% yield based on £750 pcm. The beauty of this property is the longevity of earning a rental income as it will rent out over and over again.

https://www.julianwadden.co.uk/property-details/27922622/cheshire/marple-bridge/compstall-road-3?page=1&instruction_type=Sale&address_keyword=Compstall+Road&minprice=&maxprice=&property_type=&showstc=1&showsold=0

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Change in prices over the last three years

This chart shows how the relative prices of the major house types have varied over recent years. By clustering the columns you can see the interesting patterns developing over time.

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