Month: June 2016

a fantastic opportunity to purchase an apartment for investment in heaton moor

This two bedroom apartment looks like it needs some modernising internally but if you can see passed that this property is ideal for those looking to invest in a property for buy-to-let. At the price it is being marketed for there is also room to make a tidy profit should you wish to refurbish and place back on the market for sale, there are comparable apartments which have sold for circa £180-£190k which are admittedly refurbished to a modern finish throughout. If you’d like to discuss these comparables please don’t hesitate to give me a call.

As mentioned in previous blogs The Heatons is a popular spot for renters, a little further away from the centre of Stockport and on the doorstep of some fashionable bars and great transport links such as the new metrolink station and Heaton Chapel train station.

This apartment has been placed on the market by Gascoigne Halman at asking price of £150,000, which seems reasonable. Considering you’d be looking at an asking rent of about £800 per calendar month, this would return a yield of almost 6.5%. We are aware of another apartment within the same block which let for £850 per calendar month which was immaculate throughout and featured a brand new kitchen and bathroom. The link to the property is below..

Continue Reading

how do the heatons residents get to work?

An analysis of commuting preferences in The Heatons shows that the majority of people use a car to get to work (67%). This is followed by bus (10.4%), and then on foot (7.1%). It will be interesting to monitor how this pattern changes over time given the trend in The Heatons and everywhere else to more flexible working, i.e. working from home.

 

Continue Reading

52.3% of the heatons voters voted to remain in the eu – what now for the 13,323 heatons landlords and homeowners?

As I type this article at 5.50am, David Dimbleby has just announced the UK will be leaving the EU as the final votes are counted. As most of the polls suggested a remain vote, it came as a surprise to most, including the city. The pound has dropped by 6% this morning after the city whiz kids got their predictions wrong and MP’s from the remain camp are using phrases like “challenging times ahead”.

.. and now the vote has been made, what next for the 10,881 Heatons homeowners?

The Heatons Property Values

Since the last In/Out EU Referendum in June 1975, property values in The Heatons have risen by 1567.1% (That isn’t a typo)

The Chancellor in the campaign suggested property prices would drop and whilst property prices did drop nationally by 18.7% between the peak of 2007 and bottom of the market in 2009, when one compares property values today in the country, compared to that all-time high of 2007, (the period before the financial crisis of the Credit Crunch of 2008/9) .. they are still up 10.14% higher.

Stockport pie chart

Another Credit Crunch?

And so, notwithstanding the credit crunch, the worst global economic outlook since the 1930s and the recession it brought us, a matter of a few years later, the Government were panicking in 2012/3/4 that the housing market was a runaway train.

Now the same credit crunch doom-mongers and sooth-sayers that predicted soup kitchens in 2008/9 are predicting Brexit meltdown. Bad news sells newspapers. Stock markets may rise, stock markets may fall, yet the British public continued to buy property in 2009/10 and beyond. Aspiring first time buyers and buy-to-let landlords dusted themselves down, took a deep breath and carried on buying… because us Brit’s love our bricks and mortar .. we need a roof over our head.

As mentioned previously, if the value of the pound drops, in the past UK interest rates have risen to reverse that drop. However, whilst a cheaper pound will make your pint of Sangria a little more expensive on your Spanish holiday this year and make your brand new BMW pricier .. it will make British export cheaper! Which is great for the economy.

Continue Reading

green lane allotment society

Come and join the veggie lovers on Sunday 24th July 1.30pm till 4.00pm on the Green Lane site, Heaton Moor.

Stalls to include – Plants, Fresh Produce, Home Bake and Preserves, Francis House stall, Tombola, Grand Raffle, Refreshments, BBQ, Pimm’s and Children’s activities.

Admission £1 – Children Free

Continue Reading

friends of heaton moor park

This fantastic friendly group of volunteers work with the co-operation of Stockport Council to make the park as attractive and interesting as possible. Membership is free and open to anyone interested in Heaton Moor Park.

There are many events over the summer months so please make contact if you would like to be a part of this organisation.

Knitting Friends – Friday 24th June 10am to 12pm

Running Friends – Saturday 25th June 11am to 12pm

July Work Day – Saturday 2nd July 11am to 3pm

Continue Reading

heaton moor market

Heaton Moor Producers market was established in March 2010 and runs from March to December on the first Sunday of each month 11am – 3pm on Shaw Road in Heaton Moor.

Selling gorgeous local produce including gifts, food and crafts, stallholders are more than happy to chat to customers about their businesses and produce. A perfect way to spend a Sunday afternoon.

Continue Reading

which types of homes are most often sold?

In the last 12 months, semis have accounted for 37.1% of all transactions making this the most common type of property on the market in SK4 (636 in total). Over the same period terraces accounted for 31.4%, flats accounted for 16.2% and detached properties provided 13.4% of transactions.

 

Continue Reading

hours worked

A standard measure of a full working week is about 48 hours. That is what the EU uses in it’s ‘Working Time Directive’ to ensure employees are not being over-stretched. In The Heatons, 87.7% of full- or part-time workers work those hours or fewer. That means 12.3% work more than that, a total of 2,200 people. Many of our clients fit into this category, and if you are one of them we are ready to work around your busy schedule.

 

Continue Reading

achieved sales prices in sk4 over time

A quarterly analysis of the last four years achieved sales prices from the Land Registry show some interesting patterns in The Heatons. Achieved sales prices of flats have increased by 0.7% per quarter since 2012. This compares with 0.3% for terraces, 1.4% for semis and 2.2% for detached properties. In total, it is detached properties which have increased the most with prices now 18.1% higher than in 2012.

Continue Reading

grundy street, terrace home suitable for buy-to-let…

I’ve spotted this property on one of the property portals this morning, it’s located on Grundy Street in Heaton Mersey currently being marketed with Joules Estate Agents and would be a great potential buy-to-let property.

It’s located just up the road from the new Metrolink station which has had a significant impact on the local lettings market with property letting extremely quickly and achieving a premium in rent. You’re likely to attract professional tenants who often rent long term, our average tenancy is around 18 months at the moment.

Continue Reading