Looking forward into 2017, James Armitage, area manager at Philip James Wilson, predicts the Reddish property market will prosper.
Christmas feels well and truly behind us now and although usually a quiet time in the property market, we really haven’t seen any slowing down this winter, or over the festive period.
Looking forward to 2017 we are definitely forecasting an increase in home movers, with more properties coming onto the market, and a steady rise in house prices. At Philip James, we’ve seen an increase of 7% in our selling prices across the Reddish area over the last 12 months, selling over £10m worth of property, and over 40% of all properties priced £200,000 or above. Overall, Philip James has achieved an average rate of 98.6% of the asking price.
Reddish is definitely increasing in popularity as families with smaller budgets find it harder to buy in surrounding areas, such as The Heatons or Didsbury. The area boasts a fantastic variety of property from traditional terraces, through to larger, more modern family homes in South Reddish, all offering great value for money.
With a village feel to it, and plenty of independent shops and cafes, Reddish is certainly going to see a continued increase in property prices, with more people choosing the area as an alternative.
Anyone new to the Reddish area will find its history incredibly interesting. The former cotton mills are still used today for a number of independent shops and business centres. The apartments in Houldsworth Mill are very popular, offering shared ownership options for first time buyers looking to get onto the property market. Victoria Mill, which is just around the corner from Houldsworth Mill, in comparison, has a high number of rented apartments and provides good opportunities for buy-to-let investors.
I also predict that with the growing popularity of this area, we will continue to see a rising number of new independent businesses in opening 2017. The Sicilian streetfood restaurant A Tavola opened in November on Broadstone Road, and has been incredibly popular, meaning you need to book ahead to get a table now!
One particular success story for Philip James from the past year was sale of a property on Three Acres Drive in South Reddish, which is now the most expensive house to sell in Reddish in recent history, if not ever. This was an absolutely stunning property offering immaculate internal fittings, approx 1600 sq ft of floor space and landscaped gardens. We generated a huge amount of interest in the property, and ended up achieving offers £15,000 above the asking price, resulting in a final sale price of £325,000. We were delighted to be instructed to sell such a prestigious property. It was incredibly rewarding as always for us to help a vendor achieve this fantastic result for their home, as well as helping a buyer find their dream home. A true win win result!
Additionally, Philip James saw a huge increase in lettings within Reddish last year, and we are certainly forecasting a significant growth in our lettings business for 2017. We’re pleased to be working with many landlords in the area, offering a comprehensive lettings and management service and very fast turnaround, with high quality tenants.
Living locally myself, and with over 10 years’ experience as an estate agent, I am proud to be able to offer a very bespoke service to my clients and landlords.
As well as having a vastly experienced team, we also offer flexibility in viewing times, with evening and weekend appointments available to suit our customer’s needs. In addition, due to our teams’ experience in the field, there really is no agent better placed to negotiate your sale, and achieve the best possible price for your home.
If you have a property you are looking to sell in the area, or are simply seeking market advice in general please do give me a call on 0161 431 5556, or directly on 07950 266345.