Commuting patterns are a significant barometer of the profile of people in a property market. For example in areas where most people travel to work by car, there tend to be more even property price distributions across the local market. On the other hand when people mostly travel by train or underground, there are big price hot spots around the stations.
Over the last twelve months we’ve seen pretty strong performance in the local market. We wanted to see how different property types have performed, so we indexed the values at the start of the period. Property data updates quite slowly, so we’ve estimated the last 3 months.
This chart nicely reveals how sales levels have played out over the last seven months in our area. We’re looking at a relatively tight area over relatively short periods of time, so you don’t get the nice smooth patterns you’d see using annualised analyses or at higher levels of geography. The patterns however, are very revealing.
Have you ever been told about the ‘golden rules’ you should abide by to get a quick sale? Perhaps you have heard comments like, ‘catch the property season’, ‘spend money to make money’ and ‘price high and accept low’. Unfortunately, achieving the optimum sale requires you to navigate highly changeable market conditions.
The fabulous cocktail bar Hula will be gracing Shaw Road in the next couple of weeks. Part of the MAD Ltd’s growing restaurant and bar empire, the late night party bar will take over where the ‘Time and Place’ bar once was.
This will be the third MAD venue in The Heatons, alongside Tusk and Fitzgerald. Mark Andrew the managing director said “Were really excited to open our third site in Heaton Moor and the ninth for our group. The premises is currently undergoing a stylish refurbishment programme which will see fitted neon lights, booth seating and a dance floor to party the night away.
Hula Heaton Moor will open in October, followed by an official launch party on the November 2nd.
Fancy a coffee? Why not make your way down to Heaton Moor Library on a Wednesday morning between 10.30am and 11.30am. The library are hosting this great event giving you the chance to catch up with friends over a coffee in a relaxed atmosphere and why not even take a book out while you are there for yourself and learn something new. It’s also a great opportunity to introduce reading to young children or perhaps book at new story for bed time.
Life cycle profile is a useful indicator of the complexion of residents in a locality. Some areas, like inner cities and built-up areas, have lots of young single people who live in flat shares or alone. Most of the suburban parts of the country are filled up with families. Some parts have a large elderly population, particularly around the coast.