NEW TO THE MARKET is this three bedroom end of terrace property which is need of modernization situated on Ellesmere Avenue, Marple. Ideally located close to everything that Marple has to offer and on a quiet road this property won’t be on the market long.
Offering spacious accommodation throughout, the ground compromises of; two versatile reception rooms and the kitchen out at the rear of the property. The first floor then reveals; three bedrooms, two of which are doubles and a single. Completing the first floor is the family bathroom.
The real draw of this property however is its Capital Growth, situated in close proximity to Marple village, transport links and local schools the property will undoubtedly be popular with small families or your first time renters. The potential yield for this property is 5.7%, this is based on £850 per calendar month.
Currently on the market with Edward Mellor, Marple at £178,950.
This years street party will take place on the 25th June from 12.00pm till 5.00pm, tickets will be available to purchase from Marple Bridge post office priced £4 for adults and £2 for children, under 5’s are free. As always we will provide the tables and the music, you provide your chairs and refreshments. We hope to have around 1000 people attending this year so hopefully see you all there.
New to the market is this two bedroom mid terrace that is in need of full refurbishment. Close to Marple Bridge Village, Marple Train Station and Etherow Country Park this property is ideally located for a young couple renting their first property out.
This property briefly comprises: a living room and a kitchen/diner with worktops and cupboard space. A single flight staircase that leads to the first floor landing, from there you will find two bedrooms one of which is a large double bedroom and a bathroom with a three piece suite. The property also benefits from double glazing and gas central heating. Externally the property offers a driveway to the front and a courtyard to the rear and is offered to the market with NO CHAIN.
The potential yield is 6% based on £750 pcm. Currently on the market with Julian Wadden, Marple at a Guide Price of £150,000.
By having a look at the average number of people per property, we can actually tell quite a lot about the area. Most areas of the country have between two and four people living in the average home. This is obviously a function of whether the area is popular with families or singletons. But it also shows population density with inner city areas having higher numbers of people per property.
As the growing demand for property in the area the opportunities to build new properties is rare. So take a look at this one, with planning for two units in a stunning location currently on the market with Country Homes for £300,000.
This column chart shows the relative average sold prices of flats and houses selling in the last eight years in our area. It doesn’t account for different sizes of houses or flats but because we’re looking at annual figures any fluctuations should smooth themselves out.
By looking at quarterly sales charts we can see the volume of properties sold for semi-detached, detached, terraced and flats over the last two years. Whilst people are quite understandably most concerned about house prices, particularly the price of their house, property geeks like us actually look more at sales volumes to take the pulse of the market.
Schools, community groups, sports teams, local businesses, dancers, musicians, performers…come and join the carnival fun by taking part in the parade. It is such an important part of the day and a great day for all the family…
In December 2016, The ONS (Office for National Statistics) reported that house prices across the UK saw a year-on-year rise of 7.2 per cent. These figures are promising for the property market, and if the trend continues, the average home in the UK will increase in value by £22,000 in the next year. But what’s in store for Marple and The Bridge?
Since 2013, the UK has been experiencing ’strong growth’, and a typical house price is now higher than it was four years ago. Surprisingly, it’s the areas outside of London that have seen the highest growth, with the East of England experiencing price increases of 11.3 per cent in the last year. With the majority of the UK seeing such positive growth signs, the future of the residential property market looks good.
Over the last decade, local prices have seen a rise of 22.8 per cent, equivalent to £4,270 per year. Terraces tell a different story, having seen a rise of £2,420 per year or 16.6 per cent over the period. As the chart shows, all owners have benefitted from price rises, but some more than others.
The hike in house prices indicates good news for current homeowners, but those hoping to take their first steps on the property ladder will need to familiarise themselves with pros and cons of current schemes. There are several government schemes for first-time buyers: Help to Buy, Shared Ownership, ISA’s and Starter Homes.
With the continuing increase in house prices, it will make more sense for some people to rent. This is excellent news for buy-to-let landlords and potential investors thinking about purchasing a rental property. Rental prices have also increased over the last 12 months, with the average rents nationwide up 6.5% with a mean average of £839 per month.
Local area residents thinking of selling their home will be buoyed by the price increases, especially if they have owned their property for a significant amount of time. If you would like to know how much your home is worth don’t hesitate to give us a call. Alternatively, pop into our office for a friendly chat through your options.