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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 SK4, 5.8% of the workforce works from home, equivalent to around 1,030 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.

sk4-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. 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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cheviot close, heaton norris

Hi everyone, thought I would point this property out to you. I came across it in my daily trawl of the property websites and thought it looked interesting. It’s located in Heaton Norris on Cheviot Close and has come to the market with Philip James

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chapel street, heaton mersey

These properties are always a popular choice for my landlord clients so I thought to share with you all. This two bedroom mid terrace property has come to the market, being advertised by Joules for £246,950. Although some may choose to modernise the property somewhat to make the property more appealing to tenants and to also maximise the rental income, in my opinion its still a sound investment.

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bankhall road, heaton moor

A rare opportunity to purchase a two bedroom buy-to-let house in Heaton Moor for less than £200,000. On the market with Julian Wadden is this two bedroom well presented terrace property. The demand for rental property in Heaton Moor is outstripping supply at the moment so this property wouldn’t be on the rental market for any length of time.

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three bedroom family home, heaton mersey

I’d like to draw your attention to this three bedroom detached property recently sold, which would have been a suitable buy-to-let investment.

http://www.rightmove.co.uk/property-for-sale/property-44433459.html

It was on the market with Philip James for an asking price of £250,000 and although at first glance it isn’t something you’d associate as being a good buy-to-let investment there are some benefits that your average two up, two down won’t always offer. The rental income would be in the region of £850 per calendar month which is a yield of just less than 5%.

Any tenants you’re likely to attract would be families who tend to let for longer periods of times with minimal void periods which is very important for some landlords. Other buy-to-let investments with fewer bedrooms may have a higher turn over of tenant due to the profile of tenant typically being young professionals without children. So if longevity of tenure is most important for you when considering your next buy-to-let investment then please get in touch, I’d be more than happy to point you in the right direction.

Our office in on Moorside Road and I can be contacted on 0161 442 1118.

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do we use our housing stock efficiently?

All housing markets are heavily affected by how efficiently the housing stock is used. Some areas have lots of people in relatively small properties and others have a few people knocking around in very large properties, often empty nesters. This infographic shows what the pattern looks like in The Heatons.

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rotary stockport lamplighter

Rotary Stockport Lamplighter are holding a Scarecrow Hunt at the Heaton Mersey community centre on the 25th September!

Starting at 1pm, the Scarecrow Hunt follows a route map where all the Scarecrows are located and participants return to the community centre for judging.

Family tickets £5; A price for the most Scarecrows spotted; £100 will be awarded for the best Scarecrow.

Stalls / Tables will be available for traders in the community centre. £10 to enter a Scarecrow.

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