stockport property blog

(covering SK1, SK2 and SK3)

OPEN HOUSE – Saturday 30th June – Call now to book your viewing slot

Coming to the market today, this stunning, two bedroom, fully renovated, end terrace property in Cale Green!

Coming to the market this week with an Open House on Saturday 1st July. A truly stunning two bedroom property on Warren Road in Cale Green

Posted by Julian Wadden Estate and Lettings Agents on Monday, June 18, 2018

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Attention Investors – A Possible Development Opportunity in Stockport Town Centre

This property has just been brought to the market by local commercial agent, Buckley & Co. The property is currently set up as offices over three floors, however, there looks to be potential to convert the first and second floors into residential units, leaving the ground floor as commercial (Subject to any consents).

The lovely looking building conveniently located on High Street, within walking distance of Stockport Town Centre, Redrock, Stockport Exchange, and both Stockport Train and Bus stations.

Follow the link here to the listing on Buckley Commercials website

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Is your rental income protected?

Mitigating risk as a letting agent or landlord is key, but when job cuts are taking place at major companies such as Marks and Spencer, Tesco, House of Fraser, Poundworld and BT the risk of tenant defaults is creeping up.

A recent report suggested that more than 5 million working tenants are at possible risk of not being able to pay their rent if they lost their job.

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Breakdown of age bands

The split of a 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.

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Stockport Postal Sorting Office set for residential transformation

Stockport’s former sorting office on the corner of Exchange Street and the A6 looks set to be converted into apartments and commercial space after plans were recommended for approval.

Developers Rowlinson and Housing Capital Trust submitted plans to convert the building, which has been vacant since 2010, in January this year.

The plans, designed by architect Pozzoni, include 117 apartments and 12,000 sq ft of commercial, office, or retail space over the first two floors. According to the architect, the commercial space is designed for “modest food and drink facilities, retail space, offices, and flexible workspaces”.

Food and drink space is proposed for the lower ground floor and office space will be on both the lower ground and ground floor levels.

The housing mix includes 91 one-bedroom apartments of around 540 sq ft each, and 26 two-beds of around 800 sq ft. The homes will be available for private rent, and there will be around 19 apartments per floor.

An open atrium is planned from the first floor upwards which will provide amenity space for residents, with walkways leading to each of the apartments.

Rowlinson is due to act as main contractor for the project and has worked alongside Croft as transport planner and Mosaic Town Planning on the scheme.

The conversion has been recommended for approval at a meeting on Thursday, subject to a Section 106 agreement which includes a provision of £136,500 towards the creation of a new community sports hub at St Thomas’ recreation ground, alongside a contribution of around £32,000 towards children’s play areas.

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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.

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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.

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What would more rate rises mean for Stockport?

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.

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Stockport is getting ‘Metrolink ready’ and this is what it could look like

Stockport town centre has changed so much recently but this potential addition could be a real game changer. New striking CGIs give a glimpse into the town’s future. They show how Stockport’s planned ‘Metrolink-ready’ transport interchange – and a huge new block of flats – will look.

The council has been pushing for the tram network to be extended into the heart of the town for years. That hasn’t been confirmed, but the town hall and transport bosses are hopeful it will eventually happen.

Read the full article from the Manchester Evening News here…

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