stockport property blog

(covering SK1, SK2 and SK3)

Wates wins £16m Stockport college revamp

Wates Construction has been appointed to carry out a £16m overhaul of Stockport College’s Wellington Road Campus.

The newly formed Trafford College Group is behind the plan to create a new campus experience.

Work includes the creation of a new courtyard, improved pedestrian routes and campus access, a new visitor entrance, the modernisation of existing buildings and the construction of a new Business Centre.

The redevelopment forms part of the merging of Stockport College and Trafford College, which will see both colleges retain their existing names and campus sites while growing their role as a hub for learning in their local community.

Designed by Project 3 Architects, the regenerated campus will include a striking colonnade fronting the reception and performing arts building to create a feature entrance.

A two-storey glazed ‘street’ will provide a light and airy walkway and relaxation area connecting the reception to the art workshops.

Wates secured the project through the North West Construction Hub.

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a brilliant buy-to-let opportunity with a 6.4% yield on turncroft Lane in stockport..

A brilliant buy-to-let opportunity with a 6.4% yield on Turncroft Lane in Stockport. This property has just come to the sales market and would rent out for £650pcm without any work. You must come and view this property with us, so give us a call to get booked in on 0161 474 8668 or for more information on Buy-To-Let investments please do not hesitate to contact me!

A brilliant buy-to-let opportunity with a 6.4% yield…

A brilliant buy-to-let opportunity with a 6.4% yield on Turncroft Lane in Stockport. This property has just come to the sales market and would rent out for £650pcm without any work. You must come and view this property with us, so give us a call to get booked in on 0161 474 8668 or for more information on Buy-To-Let investments please do not hesitate to contact me! Gemma Lowe, Lettings Manager, Stockport ExchangeLink to Property Online: https://www.julianwadden.co.uk/property-details/28198954/stockport/offerton/turncroft-lane?page=1&instruction_type=Sale&address_keyword=SK1&minprice=&maxprice=&property_type=&showstc=1&showsold=0

Posted by Julian Wadden Estate and Lettings Agents on Wednesday, September 19, 2018

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Demand for renting hits a near 12 month high

While most private renters in the UK aspire to buy property, the reality is that many people simply cannot afford to get a foot on the housing ladder due to high house prices, with many people, particularly millennials, set to rent for the rest of their lives.

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humble brag alert – a stunning apartment let in 6 hours and i want to share the journey of this property with you…

Hello Readers,

First of all, apologies, the post you are about to read is most certainly a brag, but I would like to add it is a humble one!  Lettings with Julian Wadden in Stockport is going crazy, we are super busy!  We are letting everything that we get instructed on and in record time scales.  So, let me tell you about this particular property…

I first spoke with the owner about 8/9 months ago when he was investing in the area and since then I have kept in touch with him with weekly sometimes monthly contact to assist him with ideas and to impart my local market knowledge.  I would like to add at this point this is not me harassing the poor gentleman concerned on a weekly/monthly basis in true, pestering estate agent style, no, no; this was much more of a partnership with me being on hand to give advice when required and most importantly when asked!  I loved that this investor was happy to listen to my ideas and to allow me to give him my honest opinion regularly to develop this property into 8 stunning apartments.   What colour flooring would tenants like Gemma?  Grey… so the apartments all have beautiful grey flooring.  Gemma, do you recommend carpets or wooden floors and what is practical, so a discussion ensues giving all the positives and negatives of each.  What is important to tenants Gemma?  Washing Machines and Fridge/Freezers!  So all of the apartments have washing machines/dryers and fridge/freezers and additionally microwaves.  I am passionate about my job and assisting Landlords/Investors and Tenants alike and so I was absolutely delighted that this Investor was so hands on and so happy to hear my thoughts.  I have loved every minute of working with him.

So, imagine how excited I was when I was invited to appraise the apartments and see all the incredible work that had been put into to transforming the building.  I wanted to do the best job I could, take the best photographs and find the best tenants.  Therefore, on Saturday I did an off the market viewing at the property and on Monday morning, once instructed I made the first 2 finished properties available.  We let the first one on Monday afternoon, so in less than 6 hours of the property being on the market.  We let the property to a professional, single female working locally in a very good job, paying the asking price and moving in at the soonest opportunity.  Everyone is overjoyed – the Tenant, Landlord and even myself.

I truly love my job and finding homes for local people, but also finding Landlords exemplary tenants at the best prices and in the best timescales.

If you want to get involved and receive this level of service, please do not hesitate to contact me, as I would love to work with you too!

Gemma Lowe, Lettings Manager, Stockport Exchange (0161 474 8668 or stockportlettings@julianwadden.co.uk)

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WORKING FROM HOME

Working from home is increasingly popular, with almost a third of UK employees who use computers for their job, working remotely either every day or at least once a week. Those over 45 are most likely to work from home every day or almost every day.

Remote working has the potential to alter the interior of our homes. Will there be a premium for new homes with built-in office space? Home-owners already weigh-up the costs and benefits of converting bedrooms and extending upwards or outwards to create work space.

Homes in areas with superfast broadband are already in high demand. A recent poll found that 55% of UK house buyers would reject their ideal house if speeds were below 100 Mbps, with many willing to pay a premium.

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BACK TO SCHOOL

  • The new school year is underway for over 10 million children across England and Wales and school catchments rate highly for many choosing a home. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school?
  • An analysis of property sales across England and Wales (excluding London) over the last year reveals a 10% price premium associated to homes close to an outstanding primary school and 17% price premium associated to an outstanding secondary school.
  • Properties located within one mile of an outstanding primary school sold for, on average, £22,686 more than properties within one mile of other schools, the price premium for secondary schools was £37,558.
  • Detached houses attract the largest price premium, with buyers here having to find an extra £90,000+ to live within one mile of an outstanding school.
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An 8.9% yield on this great little £80,000 investment in Edgeley, SK3…

Hello Readers,

Today I am bringing you one of the best yields I have found in a long time!  The property is currently being sold with a sitting tenant – this is good and bad.  Good, as it means no void period and the property will be rented from the moment you purchase it, but bad as there is potential that they have been there a long time and are not paying the right market value for the property.

If I were purchasing this property I would be happy to keep the tenants and then perhaps at the next rental period would look at refurbishing the property, as it does look as though it needs a little TLC.  I think for a property like this, in a block like this in Edgeley Town Centre you would be able to achieve £575-£600pcm for this two bedroom apartment.  I realise that this sounds very cheap, but the block that this property in will affect the overall rental value that you will be able to achieve.  The property is currently on the market at £80,000 and renting it at £575 to £600pcm would give you an incredible yield of 8.63 – 8.92% which is amazing!  If you did work on the property this yield would be affected slightly, but in terms of capital growth there is a lot of potential.

If you would like more information on this property, or if you are thinking of investing in the Stockport area, please do not hesitate to contact me on 0161 474 8668 or email stockportlettings@julianwadden.co.uk.

Happy Investing!

Gemma Lowe

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First images of Stockport Produce Hall revealed as work begins on food hall transformation

CGI images of the plans for Stockport Produce Hall have been released, showing a big transformation is on the cards.

The site, along with Blackshaws Cafe, was secured by restaurateur Steve Pilling late last year after a contentious bidding war between Pilling and the people behind Foodie Friday.

The Grade II listed Produce Hall in Stockport Market Place is going to be transformed into a food hall with seating for up to 150 people, inspired by Mackie Mayor and Altrincham Market….

Read the full article here…

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Stockport Council shortlisted for National Apprenticeship Awards 2018

Representatives from the Council will be attending the North West Regional Apprenticeship Awards Ceremony at Manchester’s Marriot Victoria and Albert Hotel on the 19th September, where they will be hoping to take home the Regional Macro Employer of the year award for the second time.

This nomination recognises Stockport Council’s dedication to apprenticeships, including the flagship Apprenticeships Store, a number of trailblazing degree apprenticeships and the Supported Apprenticeship Service for disadvantaged young people.

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A6 to Manchester Airport Relief Road set to open in October

The new A6 to Manchester Airport Relief Road is set to open to traffic in early October providing a vital road link across Stockport, Manchester and East Cheshire.

Stretching from Hazel Grove in the east, to Manchester Airport and the ever-growing opportunities on offer there in the west, the new 10km link road will bring significant benefits for residents and businesses. Along the route, connectivity will be improved; congestion on local roads will be reduced as traffic uses the more direct road link and local employment and business opportunities will be brought within easier reach for all.

The multi million pound project, funded by the Department for Transport, has undoubtedly been one of the largest and most complex local authority road schemes on site in the UK over recent years with the new road including:

• Seven new road junctions as well as another four that have been improved
• 11 bridges including four railway crossings
• 10 kilometres of single and dual carriageway
• A shared cycle and pedestrian path that runs parallel to the road for its whole length
• Over 897,000 sq metres of new grassland, hedgerow and woodland as well as 11 habitat areas for wildlife

Over the coming weeks, contractors will be working to put the finishing touches to the road including laying the final stretches of the surface, ensuring that all of the signals are working and making sure that all planning conditions are fully satisfied.

Ahead of opening to traffic residents will have the opportunity to explore the road for themselves during a day of community sporting activities on Sunday 7th October, including a free 5k run. Full details about the event will be released over the coming days but get the date in your diary now and keep your eyes on www.semmms.info to find out more!

Councillor Alex Ganotis, Leader of Stockport Council said: “I’m delighted that after many years of hard work and planning the A6 to Manchester Airport Relief Road is opening. The benefits this is going to bring for residents, businesses and our local road networks are significant. Not only will congestion on many local roads be reduced but pedestrians, cyclists, and public transport users will also enjoy greater convenience in their journeys.

“The direct link from Hazel Grove to the airport will bring the thousands of new jobs being created at the Airport City Enterprise Zone over the coming years even closer, opening up countless opportunities for all.”

The leader of Cheshire East Council, Rachel Bailey, said: “The announcement of the opening date for the A6 Manchester Airport Relief Road is welcome news for the North West.

“The new road will provide enhanced east-west strategic connectivity across the north of the borough and improved access to employment opportunities and business links with Manchester Airport and the Airport City Enterprise Zone.

“The completion of this route and the council plans to deliver the Poynton Relief Road will relieve congestion in Poynton. It will also provide improved connectivity to the strategic highway in the region for the northern Macclesfield business area and Cheshire Science Corridor.

“The council is committed to encouraging economic growth, nurturing new business opportunities and improving lives within the borough. The new road will bring significantly improved connectivity and employment benefits.”

Councillor Angeliki Stogia, Executive Member for the Environment, Planning and Transport at Manchester City Council, said: “The opening of this new road will significantly bolster the highway network for all road users in Wythenshawe – with benefits including reduced congestion, enhanced air quality, safer cycling and walking and improved public transport journey times – while also supporting Manchester’s economic growth and the continuing success of Manchester Airport.”

Andy Burnham, Mayor of Greater Manchester said: “Manchester Airport not only provides our city-region with international connections, it is one of our city-region’s key employment zones. This new road will provide a vital link there for the people and businesses of Stockport, Manchester and East Cheshire who will have faster and more reliable journeys.

“Cutting congestion is one of my key priorities and this new route will be vital in reducing traffic on local roads. The supporting cycling and walking infrastructure will also make active travel more attractive, safer and easier for more people and supports our ambition to make them the first and natural choice for short journeys.”

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