marple and marple bridge property blog

(covering marple, marple bridge, mellor and compstall)

how big are our homes?

Each area in the UK varies dramatically according to the average size of properties, as measured by the number of bedrooms. In SK6 the mix is shown in the infographic above.

 

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halloween events

Well make sure you have your costume ready so you are dressed to impress at any one of these great events.

Take your pick of a spooky night in the park, a monster run or sipping blood cocktails at a masquerade party.

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market liquidity

The volume of sales in a given area is a powerful measure of the vitality of local housing markets. In the last two years there have been 1,845 sales in SK6. Semis accounted for the largest number of sales (742), followed by detached properties (490), then terraces (474) and flats accounted for the fewest sales (139).

 

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house price growth

Since the last quarter of 2013, average sales prices of detached properties in SK6 have increased by 20.7%, which represents the best performance of all property types. The next highest performers were semis, which saw an increase of 18.6%, followed by terraces (11.1%).

 

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demographic profile

Each area of the country has a different demographic profile in terms of the age of local residents. The exact balance of age groups has a profound effect upon the demand profile of the local market. The average age in SK6 is 45 years old. This is higher than the North West average (39 years old) and higher than the national average (39 years).

 

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broadband speeds – a new priority for property buyers

The advent of broadband has dramatically altered our expectations about what we can do from the comfort of our own home. The ability to buy groceries, order a new dress, stream HD movies, make video calls and download files all at the same time has changed the way we think about where we live. With that in mind, it is no surprise that broadband speeds play an important role in house-hunters and landlords’ decisions when looking for new homes or buy-to-let properties.

Research by internet service provider KC suggests that three out of four people take broadband speeds into account when choosing a home. Rightmove certainly agree, with results of their recent survey indicating that people now value broadband speeds just as much as a property’s proximity to a good school or transport infrastructure.

Of course, out of everyone it is the younger generation who place the most emphasis on internet speeds, with Rightmove reporting that 18 to 35 year olds are influenced by how fast a connection is. Around half of this age bracket say they would reconsider a property if they found that the connection speed was inadequate for their needs.

As the world becomes ever smaller and more integrated via the web, there is a greater amount of people working from home instead of commuting to an office. ONS reports that the total figure of home-based workers in the UK is currently 4.2 million; nearly 14% of the entire UK workforce. In SK6, 5.8% of the workforce works from home, equivalent to around 1,370 people. Those who do work from home might not have to worry about the daily grind when commuting to work, but they will want to make sure their internet speed does not cause them a daily headache.

Even for those not working from home, broadband has become an essential part of everyday life. Video messaging services like Skype and FaceTime have changed the way we communicate, while live streaming of music and movies on sites like Spotify and Netflix has made the need for an uninterrupted internet connection that much more important.

sk6-broadband

A survey conducted for the Halifax showed that over 20% of people surveyed would be willing to pay more for a property with a fast broadband connection than for one without. Broadband provider Hyperoptic also recently found that people were willing to pay up to 11% more for a property with 100Mbps broadband speeds. Given the average property price in SK6 is £220,900, this equates to an additional £24,300. Hyperoptic also found that 60% of the people they spoke to said an internet connection was more important than having a garden, or good neighbours. These results just go to show what an important role superfast broadband plays in people’s lives.

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Great Investment with a good return and instant capital growth!

A GREAT INVESTMENT OPPORTUNITY… A Victorian three bedroom semi detached property in need of modernisation throughout. Offering a LARGE PLOT with spacious living accommodation and situated in a sort after location in Woodley.

This property has just come on the market with ourselves in need of some work but when finished we would expect to achieve £795 pcm with a yield of 5.6%.

Also, due to the property needing work we believe that you will make some instant capital growth.

Don’t miss out on this one.

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3x Apartment for sale in Marple Bridge

This one could save you a lot on buying costs to buy in one hit, with three apartments up for sale. Two of which are duplex apartment all with allocated parking and finished to a good standard throughout.

Currently yielding £24,600 pa all apartments on short hold tenancy agreements but with the potential to yield £26,640.

It is on the market with ourselves and the owner is willing to listen to offers so if your interested please call me on 0161 427 0755.

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