(covering SK1, SK2 and SK3)

Category: property market news

Development Opportunity – centrally located former public house is on the market

The property, which was formerly the Olde Woolpack Pub, is situated adjacent to Junction1 of the M60 Motorway at Brinksway (A560), opposite The Pyramid Office Building and within five minutes walk of Stockport town centre.

On the market with a Guide Price of £265,000, it has the potential to be a good commercial to residential investment, subject to the correct planning and permissions.

Click here to see the property in more detail on the selling agent, Impey & Co’s, website…

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Covent Garden Housing scheme well under way!

The very exciting and long anticipated ‘Coven Garden’ scheme is now well underway. Situated in a prime Town Centre location, the 9.4m scheme of 74 houses will revitalise the London Square area and is expected to unlock the potential of the area and surrounding properties, thanks to its proximity to Stockport town centre.

You can read the full update from Stockport Council’s website here

 

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Statistics show more good news ahead for Stockport

The British press is being so hysterical about the UK property market at the moment, you’d be forgiven for thinking we were back in 2008 again, staring down the barrel of another credit crunch. This couldn’t be further from the truth. Week after week, more statistics come out revealing how buoyant the market is at the moment. Here are just three of the reasons why homeowners in Stockport should be grinning.

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Socio-demographics

The socio-economic profile is a telling measure of the constitution of people in a local market. We have to be careful when talking about the economic profile of local residents because no statistical measure will really illustrate the character of an area. However, we’ve used the governments ‘NS-Sec’ classification data on our area, which defines local residents in those terms.

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Prices by type over the last few quarters

By looking back over the last eight quarters, it’s quite enlightening to see how average sales prices have changed for individual house types. Obviously the bigger types sell for more, but the quarter-on-quarter changes tell an interesting story.

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Annual transaction levels split by type

Have you ever wondered how many people buy flats in the local area as opposed to houses? Wonder no longer. We’ve done the analysis, which shows the most recent split as well as two years’ worth of quarterly data. This is useful information for anyone with an interest in the local market because it affects the overall market dynamic.

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Has flexible working changed the Stockport property market?

Defining the modern working week in 2018 isn’t a straightforward process. As we embrace technology, the lines between daily commutes to work and working from remote locations become less transparent. From a property perspective, this means people with flexible working patterns can be more selective about the location of their next home. But what does this mean for Stockport?

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Type of property

Property types are a handy measure of the shape of the market in a local area. For example, areas with lots of flats tend to be urban in character because there is huge pressure on land. A large number of detached homes means that the area is suburban and not very densely populated.

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Annual house price index (house vs flat)

We know we live in a great area, and because most people agree, demand has driven up house prices. But how do prices in our area stack up in terms of property types? This chart looks at the comparison over the last eight years.

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The split of house and flat sales

We’ve included this chart to show the relative number of flats and houses selling in the last 11 months in our area. Due to the profile of the housing stock in the area, there’s nothing too surprising here, but it’s interesting to see how the different types of properties contribute to total sales levels.

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