(covering SK1, SK2 and SK3)

Month: September 2018

What do homebuyers in Stockport really look for?

If you have ever sold your home, you will be all too familiar with the pressure to make the property look tip-top in time for a viewing. Your home must appeal to the most likely type of person to buy it, so it’s vital to understand a bit about the demand profile in your area. The chart above shows the demographic profile of our part of the world.

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A beautiful New Instruction on Hawthorn Avenue in Hazel Grove

A stunning four bedroom detached family home on on the Hampton Wood Estate in Hazel Grove. Coming to the market this afternoon! Register your interest now on 01614748660

Posted by Julian Wadden Estate and Lettings Agents on Tuesday, September 25, 2018

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Gin Jamboree on at Stockport Town Hall next Friday, the 28th September

With up to 150 different Gins and hundreds of tonic/garnish combinations to try out in search of your new favourite. This is an event far too good to miss!

The ticket price includes a proper gin ‘fish bowl’ glass to take home after the supper and a G&T on us! Then, at the Jamboree, ‘Token Cards’ can be purchased and stamped for each Gin & Tonic with half measure tasters also available (similar format to a Beer Festival!).

Tickets £20.00, with no booking fee (and include supper, one gin and tonic and a Gin ‘fish bowl’ glass to take home!).

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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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