(covering marple, marple bridge, mellor and compstall)

Month: July 2018

Commuting distances

Measuring commuting distance might seem a little obscure but it actually offers a particularly good insight into the character of any local housing market. For example, commuter towns tend to really come alive at the weekends but are quieter in the week. Areas where most people work locally will have a stronger community feel day-to-day.

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A superb investment opportunity to start your buy-to-let portfolio

This two double bedroom flat is on The Ridgway in Romiley and offers the potential investor a yield of over 6%, the property is in need of cosmetic work throughout and offers communal areas including lawns and a patio area.

This first floor flat comprises of a communal entrance hallway with stairs leading up to the flat entrance, the ‘L shaped’ lounge/dining area is well proportioned and offers spacious living accommodation, the modern fitted kitchen has ample worktop and cupboard space, the two double bedrooms look like they need some TLC, purely cosmetic work and the bathroom completes the flat. Externally the property offers communal areas which are regularly maintained.

The property has the potential to offer anywhere between 6% to 6.6% yield, which is great for the area especially in Romiley, you don’t tend to see yields over 5%. These yields are based on £500 to £550 per calendar month, this is dependant on the standard of the completed works and the finish.

Currently on the market for £99,950 with Edward Mellor, Woodley.


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Fluctuations in prices over recent years

It won’t come as any massive shock that houses are generally worth more than flats in our area. However, when it comes to the movements over time, these two broad types of property do not always behave similarly. Here we see how flats and houses have varied in price.

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Sales levels in recent months by type

The property market fluctuates on a seasonal basis, and this is particularly the case for sales rates. This chart shows how the market has changed over the course of the last few months. The most recent periods are estimates based on the previous year’s pattern.

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A one bedroom house with off road parking in a desirable location in Marple Bridge

A rare and unique one bedroom property in the heart of Marple Bridge with OFF ROAD PARKING AND GARDEN. Located within an attractive cobbled square in a much sought after conservation area close to all bars, restaurants, Brabyns Park and train station.

Located with one of four properties which offers seclusion from the village. In brief the property offers a large and spacious lounge with built in storage. The kitchen is well appointed with plenty of storage and work surfaces units. A rear porch has been added giving extra storage with power.

The first floor offers a spacious double bedroom boasting an array of fitted wardrobes. A large four piece suite bathroom with further storage over he bulk head.

The garden is located to the rear, separate from the property.

An ideal buy to let property which will appeal to someone who is looking to start their portfolio off.

The property would achieve £600 pcm due to its location, offering a 4.2% yield. Currently on the market with Julian Wadden, Marple for £169,950.


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Three reasons to bet on the Marple & Marple Bridge property markets

As you’re no doubt aware, there’s a lot of doom and gloom surrounding the national property market at the moment. For example, the Nationwide index showed that in June, annual house price growth had slowed to a five-year low. Our area hasn’t been immune; in the first quarter of 2018, there were only 3.4 per cent more sales than the same period in the previous year.  

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Who will lift the Cup?

After England’s euphoric yet nailbiting win over Colombia (is it ever anything but?), we look at how the World Cup would pan out if we base it on house price growth. For the quarters: Belgium (who finished fourth in 1986) would easily beat five times champions Brazil, while Croatia would conquer tournament hosts Russia.

The other two games would be closer. Two times winner Uruguay would edge out 1998 winners France, while Sweden (runners-up in 1958) would get the better of England.

That sets up Uruguay to outshoot Belgium in the first semi-final and Sweden to overpower Croatia in semi-final two, while Croatia should beat Belgium in a tight third place playoff

The Final: Sweden would edge Uruguay in a final that could go all the way to penalties to lift their first ever World Cup trophy. It’s been a championship of shocks, so who knows, although we’re hoping our predictions may prove to be wrong? Come on England!

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ATTENTION BUY TO LET INVESTORS – A two bedroom semi-detached offering over a 6% yield

A two bedroom semi-detached property on Goyt Valley Walk in Bredbury situated in a quiet position and offering well maintained accommodation throughout and an enclosed rear garden with a patio area.

The property comprises of; an entrance hallway, lounge with a modern fitted fireplace, the kitchen has ample worktop and storage space and is well maintained. The first floor reveals two double bedrooms and a modern fitted family bathroom. Externally there is a well proportioned enclosed rear garden with a patio area, there is a lawned front garden with path leading up to the property, there is on the road parking also.

This great buy to let property has the option for the current tenants to stay on at the property, they are currently paying £550 pcm. I would say that you would be able to achieve up to £575 pcm for the property, giving you a healthy 6.1% yield.

Currently on the market with Woodhall Properties, Hazel Grove for £112,000.


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