As the first month of 2019 draws to a close and with the property market a topic of much discussion across the media at the moment, I wanted to take this opportunity to review the first month of the year within our beloved SK4.
If media is to be believed, the property market is all doom
and gloom with a very bleak outlook predicted. However, the reality over the
last month has been somewhat different according to the latest Rightmove statistics.
In January 2018, 79 properties were brought to the rental
market across SK4 of which 44 were ‘Let Agreed’. Leaving 45% of the market left
If we compare this to January 2019, far fewer properties were brought to the market – 69 in total. However of these, 52 were ‘Let Agreed’. A staggering 75% snapped up!
With many landlords quitting the buy-to-let market last year, supply has been reduced in the area at a time when demand is on the up. With Brexit looming and first time buyers potentially biding their time before they make a purchase, the demand for good quality rental stock is as high as ever.
This, in turn, is raising the rental prices in the area making
it a great market for landlords and investors. Although property prices are not
cheap, there are still bargains to be had and I list many of them on the ‘Investment
Deals’ section of this blog. Solid
yields are important but so is having continuity and a good quality tenant –
something the Heatons thrives on with it being such a family orientated area.
The government is being tough on landlords and investors
however the market is pushing back and the Heatons is certainly and area where rentals
If you have a rental property/portfolio, or are thinking about joining the army of landlords successfully renting in SK4, please do give me a call for any help or advice.
If any of your off spring are bored over
the Half Term, then Roost are hosting ‘Pizza Making Sessions’. The Roost team
will help your little ones roll out their own dough, add favourite toppings and
watch their creations come to life in a professional wood fired pizza oven.
Running from 11.30am till 1pm, the two sessions are on the below dates.
Tuesday 19th February
Wednesday 20th February
Please call Roost on 0161 432 4666 to
reserve your place. £10 per child which includes Pizza, Fries, Ice-Cream and
Located at 464 Didsbury Road, Belding’s Bar
& Diner serves tasty breakfast, lunch and dinner all with a friendly waiter
With an American flavor throughout the
delicious menu has some amazing selections including a Texan Brekkie, Turbo
Rooster or if your really hungry, you can go all out for the Tropical Thunder
(Shredded Jerk Chicken, Pinepple Salsa and Red Onion).
To wash all this delicious food down,
alcoholic drinks are served all day which include an amazing selection of Gins.
An independent WASTE FREE mini market newly
established by local resident Shelley Brown on a mission to provide a positive
place in The Heatons community. With a wide range of plastic free products
including baked good, beverages, groceries and fresh deliveries arriving daily,
the rave reviews have already started to come in.
How it works: 1– Bring jars / Bottles / Tupperware or Tins. 2– Weigh & Fill. 3 –
Weigh & Pay. 4 – Re-use.
The Good life stock a wide selection of
dried foods, tea, beer, beauty, baby and home products. All these items are
sourced as locally as possible, are plastic free and no minimal packaging –
reducing our impact on planet earth.
The UK has been crowned by Forbes, for the second year running, as the best country for business following its latest survey published in December 2018. A total of 161 countries are assessed on 15 different criteria.
The UK is the only country to land among the top 30 in all 15 metrics, including property rights, innovation, taxes, technology, corruption, freedom and workforce.
Forbes states that although sterling plummeted 9% against the US dollar the day after the EU referendum result and remains down, the economy has ‘held up relatively well’.
With the official exit from the EU scheduled for this March, Forbes recognises that uncertainty remains. Some UK companies are holding off investments to see how Brexit affects trade relations, but on balance the business climate remains attractive, with a globalised economy that is more open than most in terms of trade, investments and capital flows.