No matter what you do, you should look to obtain value for money. However, if you are buying property, you want to make sure that you buy at a price that makes sense to you. Similarly, if you are planning on selling your home, it is vital that you know what the going rate is.
In figures provided by Rightmove, the average price of property in Greater Manchester in the past year is £192,999. This is a 3% increase on the figure for 2018. It appears that the most popular type of property being sold was a semi-detached property and the average price for this style of property was £198,879.
In the city centre of Manchester, you will be lucky if £200,000 will allow you to buy a one-bedroom property in one of the new developments shooting up in the heart of the city. You may have the impression that the redevelopment of the heart of Manchester is all about renovating mills and converting factories, but there are a lot more new-build flats being developed. These properties, unsurprisingly, carry a higher price and living in the city centre is still out of reach for many people who are keen to obtain some value with respect to space at their property.
Venture out of the city centre to get better value
Of course, when you venture further out, you will find that your money stretches further. It would be fair to say that many first-time buyers and value-seeking households have an interest in what Stockport has to offer. Stockport itself is a very easy commute from the heart of Manchester and with the local restaurant and bar scene doing well for itself, you’ll find that you can easily enjoy a night out in this part of Greater Manchester.
However, the real reason to consider the Stockport property market is what you get if you spend around the £200,000 mark. There are three-bedroom semi-detached properties located a short walk from the train station that will give you everything you need. If you time it right, you can be out of your house and into the centre of Manchester in twenty minutes, and you’ll have a three-bedroom home to come to when you are finished working or socialising.
Save money without compromising on quality of life
Being able to save money while enjoying a larger and better home without really compromising on your quality of life means that Stockport must be a consideration for savvy home-buyers in the Greater Manchester region. Also, if you are looking to sell your Stockport home, there is a market of buyers who are looking for what you have, so make sure you market your property properly.
As Stockport property specialists, we want to ensure you stay in touch with the latest property news. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html