Category: property market news

Cork of the North Arrives in at The Heatons

Wine merchants ‘Cork of the North’ is coming to Heaton Moor. Based just near 104 Heaton Moor Road, Heaton Moor, this independent company sell well over 500 different delicious bottles drink in OR take away.

Along with great range to wines, Cork of the North have regular tasting events, News Letters and membership possibilities.

Opening to the public in July, The Heatons is growing stronger, as yet another fabulous independent company lands.

Continue Reading

Breakdown of age bands

The split of the population by age group has a big effect on the local housing market; the demographic profile affects prices, but more importantly the tenure mix and the rates of sales. The patterns you can see here gives you a good insight into the profile of local residents.

Continue Reading

Change in prices over the last three years

This chart shows how the relative prices of the major house types have varied over recent years. By clustering the columns you can see the interesting patterns developing over time.

Continue Reading

Sales by house type over in recent years

The rate at which properties are sold in the market is probably the best indicator of what we in the trade call ‘buoyancy’. In this chart, we show the number of properties which have been sold each year since 2008.

Continue Reading

What would more rate rises mean for The Heatons?

In the residential property world, the most important macroeconomic indicator we’re obsessed with is interest rates. Interest rates are the main tool the government uses to cool down the market when it shows signs of overheating. They have a massive impact on the housing market because they determine what your mortgage costs every month.

Continue Reading

Local occupancy ratings

Some people rattle around in their home like two beans in a can whilst others are packed in like sardines in a tin. There is a formula, created by the Office for National Statistics which gives the occupancy rating of each home. This number shows whether a property has the ‘right’ number of rooms given the number of people living there. This shows the picture in our local housing market.

Continue Reading

Property prices by house type

The last few years have been something of a rollercoaster ride for property markets up and down the country and our area is no different. Here we show how prices of different house types have changed relative to one another over time.

Continue Reading

The annual sales split (houses vs flats)

In some parts of the country, the split between a house and flat sales is very extreme while elsewhere there is more of a balance. It primarily comes down to the nature of the area and how densely populated it is. Rural, semi-rural and suburban areas are dominated by houses whereas urban districts are awash with flats. The chart shows the picture in our area.

Continue Reading

How best to increase the value of your The Heatons home

When it comes to selling your home, a significant amount of your home’s resale value will depend on what’s happened to The Heatons market as a whole. Here average sales values have risen by 25.8 percent over the last ten years. However, there are several tactical decisions you can make to push up the final price.

Continue Reading

How many cars per household?

The profile of car ownership is a great signal of the practical needs of residents in a local market. Most households have a car, but the number owned varies enormously based on the type of area. For example if you live in a one bedroom flat in a city you’re much less likely to own a car than if you live in a commuter suburb.

Continue Reading