Some people rattle around in their home like two beans in a can whilst others are packed in like sardines in a tin. There is a formula, created by the Office for National Statistics which gives the occupancy rating of each home. This number shows whether a property has the ‘right’ number of rooms given the number of people living there. This shows the picture in our local housing market.
This three bedroom mid terrace property is situated in the heart of Marple, a stone’s throw away from local amenities.
The property offers to the ground floor; entrance hallway with an electric stair lift which can be removed if required. The kitchen which is situated at the front of the property has ample worktop and storage space and also room for a dining table, at the rear of the property you will find the lounge with sliding glass doors that lead out onto the rear garden and patio area. The first floor reveals three well proportioned bedrooms and a family bathroom.
Externally the property offers off road parking at the front and an enclosed rear garden.
The potential yield you would look to achieve is 5%, this is based on £800 pcm.
Currently on the market with Julian Wadden, Marple for £190,000.
The last few years have been something of a rollercoaster ride for property markets up and down the country and our area is no different. Here we show how prices of different house types have changed relative to one another over time.
In some parts of the country, the split between a house and flat sales is very extreme while elsewhere there is more of a balance. It primarily comes down to the nature of the area and how densely populated it is. Rural, semi-rural and suburban areas are dominated by houses whereas urban districts are awash with flats. The chart shows the picture in our area.
When it comes to selling your home, a significant amount of your home’s resale value will depend on what’s happened to the Marple and Marple Bridge market as a whole. Here average sales values have risen by 17.2 percent over the last ten years. However, there are several tactical decisions you can make to push up the final price.