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Deal or No Deal? We’re still Moving, Buying and Selling!

May 7, 2019 9:54 am
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Deal or No Deal? We’re still Moving, Buying and Selling!

 

Brexit got you confused about whether to sell or not? Let Andrew Seldon, Managing Director for Thorney Groves Estate Agents, put your mind at ease and actually convince you, now is the right time.

“Despite all the Brexit fuss going on in Parliament and the ongoing uncertainty regarding what is going to actually happen next, people are still active in the property market and there is no reason why you shouldn’t be either. Let us just look at the facts:

  1. “Price of new-to-the market properties increases by an average of 1.1% (+£3,447) this month [April 2019], the biggest month-on-month rise for over a year and the largest at this time of year since 2016”

We are not going to sugar coat it; Brexit is not making things easy for Estate Agents, or their Clients. However, the latest figures published by the Rightmove House Price Index shows that despite unsettling times, house prices are on the increase!

Don’t delay on moving, take advantage of this increase and get the best value for your property. Wait too long and we can’t guarantee that this will carry on going up.

  1. “Family home sector outperforming other sectors in key metrics as their housing needs outweigh uncertainty:
  • Holding value better, with average 0.7% year-on-year price increase for family homes compared to a fall of 0.1% nationally for all properties
  • More likely to sell, with number of sales agreed down 0.4% year-on-year while the national average drop is 1.6%
  • Slightly more willing to come to market, with 0.7% more new sellers than this time a year ago, compared with a 1.2% fall in new-to-the-market sellers nationally”

You have a Family Home to sell? Worried it won’t sell? It certainly isn’t as bad as you think it is. Actually, it’s surprisingly good to be a position where your home is still increasing in value and you have a home to be desired.

A property like yours, three and four bedroom homes, are being snatched off our shelves. And no wonder, the MEN have published that we have more First Time Buyers than ever before.

Read more about it on: https://www.manchestereveningnews.co.uk/business/business-news/number-first-time-buyer-loans

With no chain and eager to purchase, don’t miss the opportunity to get your home sold to a First Time Buyer! Who knows what will happen once Brexit hits us…. if it does?

 

What about in my Local Area?

Ok, so nationally things are looking up, but what about locally? Is Brexit having an effect in Manchester?

Below we have selected some of our most popular postcodes and noted some facts that we are sure will make you think… is now the right time?

Note: The information below relates to properties added to Rightmove between 1st March and 31st March. The rental data is per calendar month.

 

Sale – M33

Average House Prices (£) in M33

1 bedroom – £152,709

2 bedroom – £270,605

3 bedroom – £371,639

4 bedroom – £563,338

5 bedroom – £546,939

 Average Flat Prices (£) in M33

1 bedroom – £104,379

2 bedroom – £193,652

3 bedroom – £213,030

 In M33, 109 new properties were added to Rightmove (26 flats and 83 houses).

 

Altrincham – WA14

 Average House Prices (£) in WA14

1 bedroom – £425,000

2 bedroom – £312,903

3 bedroom – £445,747

4 bedroom – £621,703

5 bedroom – £889,350

Average Flat Prices (£) in WA14

1 bedroom – £143,379

2 bedroom – £325,400

3 bedroom – £732,444

In WA14, 62 new properties were added to Rightmove (24 flats and 38 houses).

 

Hale – WA15

 Average House Prices (£) in WA15

 1 bedroom – £180,000

2 bedroom – £405,339

3 bedroom – £551,029

4 bedroom – £640,078

5 bedroom – £1,127,550

Average Flat Prices (£) in WA15

1 bedroom – £176,747

2 bedroom – £269,893

3 bedroom – £811,044

 In WA15, 90 new properties were added to Rightmove (11 flats and 79 houses).

 

Manchester City Centre – M1

Average House Prices (£) in M1

2 bedroom – £334,677

3 bedroom – £625,000

4 bedroom – £611,974

Average Flat Prices (£) in M1

1 bedroom – £182,997

2 bedroom – £275,731

3 bedroom – £421,963

In M1, 64 new properties were added to Rightmove (64 flats and 0 houses).

 

Swinton – M27

Average House Prices (£) in M27

2 bedroom – £144,953

3 bedroom – £200,196

4 bedroom – £325,480

5 bedroom – £438,694

Average Flat Prices (£) in M27

1 bedroom – £58,461

2 bedroom – £117,078

3 bedroom – £172,986

In M27, 69 new properties were added to Rightmove (6 flats and 63 houses).

 

Overall, in the North West we have seen a 0.4% increase in house asking prices and a decrease in days on the market to an average of 68 days. What is there not to like for a seller?

 

If we’ve been able to convince you that the time is now when it comes to selling up and moving on, then don’t wait another month to get us out to value your property. Request a Valuation now FREE.”

Go to https://www.thornleygroves.co.uk/request-a-free-valuation/

 

 Information and Data taken from: https://www.rightmove.co.uk/news/house-price-index/

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