stockport property blog

(covering SK1, SK2 and SK3)

Residential conversion planned for Stockports Wellesley House

It has been reported in Place, North West that Wellesley House is set to be converted in to residential accommodation.

Wellesley House, a prominent 46,000 sq ft office block in Stockport town centre, could be converted into 77 apartments under plans put forward by developer Mandale Homes.

The seven-storey office block fronts the A6 and sits around 500m from the Merseyway shopping centre, and is also near Junction 1 of the M60.

Former tenants include a Job Centre on the ground floor, and the Department for Work & Pensions, but the building is now largely empty. Space on the seventh floor was previously marketed by consultancy Hallams.

Mandale Homes is proposing to convert the building into a mix of 51 one-bed flats and 26 two-beds. Existing access from both Laurel Street and the A6 will be retained, as will the building’s existing 83 car parking spaces, and cycle parking will be added. The professional team includes TPS as transport consultant. The developer, Mandale, is based in Stockton-on-Tees.

Office-to-residential projects have become increasing prevalent in Greater Manchester in the last 12 months, particularly around Old Trafford where a number of lower-grade office buildings are being converted into apartments or student accommodation.

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Stockport College outlines plan for campus overhaul

A planning application has been submitted for a £24m overhaul of Stockport College’s campus on the A6, with a team including contractor Wates, planner Indigo, and architect Project3 aiming to complete the development by December 2020.

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Stockport Operatic Society presents Me and My Girl at the Plaza between the 16th and 20th October!

After their successful production of “Oklahoma! in 2017 Stockport Operatic Society are pleased to present the wonderful comedy musical “Me and My Girl” live on stage at the Plaza. With music by Noel Gay and book revisions by Stephen Fry this amateur production is presented by special arrangement with Samuel French Ltd.

You will love the songs like The Lambeth Walk, Once You Lose Your Heart, Love Makes the World Go Around, The Sun Has Got His Hat On – as well as  Leaning on a Lamp Post and the title song Me and My Girl.

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JUST 35% OF THOSE AGED 25–34 OWN THEIR OWN HOME

  • Just 35% of 25 to 34 year olds were homeowners in 2017, down from 55% twenty years ago. Only 60% of young adults with a 10% deposit and a loan based on an income multiplier of 4.5, can afford the cheapest properties in their local area according to a new report produced by the Institute of Fiscal Studies.
  • Rising property prices, primarily prior to the financial crisis, compared to incomes have been the major factor in this change. Adjusting for inflation, average house prices in England have risen by 173% over the last twenty years, compared to real incomes of those aged 25 to 34 which have risen by just 19%.
  • Regional disparity in house prices is far more acute than among incomes. Across London and the South East over 90% of young adults would need to save at least six months’ income for a 10% deposit on an average priced home in their area. This compares to under 60% across the North East, North West and Yorkshire and the Humber.
  • The introduction of incentives such as Help to Buy, have undoubtedly proved beneficial for many first-time buyers. Nearly 170,000 have benefitted from a Help to Buy equity loan since its introduction in 2013. Similarly, over 69,000 first-time buyer households have saved on average £2,300 each thanks to the first-time buyer stamp duty tax relief announced in the 2017 Budget.
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CHOCOLATE BOX PROPERTY

  • There is little else more quintessentially British than the chocolate box cottage. Bringing up idyllic images of rambling roses framing the doorway, thatched roofs, exposed beams and open fires, an escape to a rural retreat is the aspiration of many.
  • We have taken the opportunity during this National Chocolate Week to delve further into this market and the buyers who have made this dream their reality this year.
  • So far in 2018, there have been 2,100 country cottages sold in rural locations across England and Wales. The South of the country dominates, with 46% of sales but a fifth were in the Midlands and 15% in the East. The remaining 19% were spread across the North, Yorkshire and the Humber and Wales.
  • Unsurprisingly, buyers are prepared to pay a premium for a rural idyll. Chocolate box cottages sold this year for an average of £364 per square foot. This is 33% higher than the average price paid for all homes across rural locations.
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homes under the hammer style video from julian wadden stockport as this investment property completes and the refurbishment works to start…

An investment purchase completed in Wrightsbank, Offerton…

This property has completed today in Wrightsbank, Offerton, SK2 today so Gemma Lowe, Lettings Manager from Stockport has collected the keys and completed this video to show you the property in its current condition and she will keep you updated as the works are completed in order to get the property ready for the Lettings Market! So, watch this space!

Posted by Julian Wadden Estate and Lettings Agents on Monday, October 15, 2018

This property has completed today in Wrightsbank, Offerton, SK2 today so Gemma Lowe, Lettings Manager from Stockport has collected the keys and completed this video to show you the property in its current condition and she will keep you updated as the works are completed in order to get the property ready for the Lettings Market! So, watch this space!

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Giant Leap Forward for Stockport Frogs

A unique Art Trail featuring 30 giant Stockport frogsis being billed as a giant ‘leap’ forward for Stockport and will be hopping in to the town centre next June.

Read more here on the Totally Stockport website

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i love this investment opportunity and i hope you do too…

Hello Readers!

I have been seeing what has come on the market since I last wrote a blog and I have found this property on Beech Road and I love it!  Not only is this a lovely road in Stockport, close to Davenport (which is a particularly nice residential area in Stockport) but it has three bedrooms – two of which are good sized doubles and the third which looks like a good size – perfect for a nursery.  Another reason I love this property is the price!  I am one for a bargain (for those who know me) and property is no exception.  I think that this house is very well priced based on the fact that in Edgeley, just a stone’s throw away from this property, its tricky to find a 2 bed for under £130,000 so a three bedroom semi-detached house which (other than a lick of paint throughout to neutralise the colour palate) looks as though its ready to let, is a steal from my point of view.

I believe that once the works were complete i.e. paintworks, that this property should rent for £850pcm which means a yield of 6.8% which is fantastic.  Investors, call me to find out more about other local investment opportunities on 0161 474 8668 or give Harvey Scott in Davenport a call to get a viewing booked in on this one!  I am more than happy to attend with you to give you an insight into the Lettings world if you would like.

Happy property hunting!

Gemma Lowe, Lettings Manager, Stockport Exchange

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A wonderful opportunity to purchase a buy-to-let property with a 7% yield…

Hello Readers,

I have been scouring the market and found this property for you today.  It is in a very central location and it is actually just around the corner from our office on the A6, so its a very good location and one that I can vouch for!

The property is in a recently redeveloped building called ‘Archer House’ which was originally the Inland Revenue building for Stockport.  The building was offices which were converted in January to April 2017 and completed at the start of May 2017.  The apartments are beautiful and modern, with built in appliances such as washing machine and large fridge freezer.  The floors are a laminate grey colour and the walls are white, which gives the apartments a modern feel and in my experience renting properties in this development, they rent very well!  All of the properties come with an allocated parking space, which is highly sought after in the town centre.

The apartment in question for my blog today is actually a studio apartment on the top floor of the development and the views are really quite something!  You can see out over the Pennines and honestly its a lovely view!  This apartment is on the market for £85,000 and even unfurnished (as it currently is) I believe it should rent for £495pcm which would give you a lovely yield of 7%.  The good thing is about this that on completion it would take approx. 1 month to market and have a tenant moved in, as apartments in the town centre of this calibre, with parking are so sought after.

So, what are you waiting for?  Give Urban Bubble a call and get a viewing booked (link to the property on rightmove below) and then call me on 0161 474 8668 and I will meet you there and tell you all you need to know about Lettings in Stockport.

I shall look forward to working with you!

Gemma Lowe, Lettings Manager

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