Posts filed under ‘For sale’
Almost 100 rooms in a dozen streets outside of Manchester have been put up sale at the same time.
An investor is selling the entire property portfolio ahead of his retirement from the bricks and mortar industry.
A total of 20 properties are available as part of the portolio, which is being offered for sale for £3,800,000.
The estate agent handling the sale, Flax & Co, explains there is a total of 80 letting rooms.
However, this can be extended to 87 if smaller rooms are made use of and rented out to tenants.
The 12 roads where the properties are located are in the Fallowfield and Withington areas.
They include Albion Road, Carill Drive, Cawdor Road, Delacourt Road, Filey Road, Furness Road, Heyscroft Road, Landcross Road, Mabfield Road, Moseley Road, School Grove and Whitby Road.
Similar properties for sale:
1. Twenty bedroom property in Winterbourne for £1m
2. Twenty bedroom terrace in South Kensington for £7,950,000
3. Twenty-seven bedroom property in Tiverton for £1.2m
The average value of a home in England is just over £250,000, but what type of property does this amount of money buy in different corners of the country?
1. London: Studio flat in Maida Vale for £275,000
2. Torquay: Two bedroom flat for £250,000
3. Dover: Three bedroom detached house for £250,000
4. Isle of Mull: Five bedroom detached house for £265,000
5. Hartlepool: Eight bedroom detached house for offers over £250,000
6. North Yorkshire: Three bedroom terraced house for £275,000
7. Somerset: Three bedroom house for £250,000
8. Alnwick: Four bedroom detached house for £275,000
9. Romford: Two bedroom flat for £275,000
10. Isle of Wight: Two bedroom bungalow for £250,000
If you think London property is overpriced, wait until the middle of the century when an average small flat in the capital could set you back £36m, if the latest forecasts are to be believed.
In less than 40 years, prices could be 24 times as expensive, if current growth rates in the capital continue.
London Central Portfolio said prices would continue in London for at least the next few years due to demand and lack of supply.
Hugh Best, LCP investment director, said: “The average price in prime central London is now £1.5m, and has been growing at 9 per cent a year, which we think is firmly sustainable. They have been growing at that level for 40 years and we see no reason for that to change.”
However, he added that at some point, prices would become unaffordable even for wealthy foreigners.
He defined the prime market as Kensington & Chelsea, and Westminster.
London’s property market has soared in value compared to the rest of the country, with the average price rising almost £40,000 during the past year to £519,138.
In contrast, the typical value of a home in England has risen £11,190 to £256,285 during the past year.
Adrian Anderson, director of mortgage broker Anderson Harris, said: “A price tag of £36m is a truly eye-watering figure and if this is considered to be a reasonable forecast for the price of an average small flat, it goes to show how spectacular house-price growth is in the capital.
“Unless enough property is built to house the growing population, only the richest will be able to afford to live in London which will cause real issues when it comes to filling all those jobs which are so essential to the running of the city.”
The most famous house in Cheshire is probably the neo-Georgian confection that belongs to Wayne and Coleen Rooney. The house, which the couple had built after tearing down a humble 1930s home near Prestbury, has everything you might imagine this couple would desire – from Grecian-style statues dotting the garden, to a giant pool, cinema, and a white leather sofa embedded with Swarovski crystals at a reported cost of £10,000. But Cheshire has a lot more to offer than footballer-style trophy mansions.
This 905 square mile slice of North West England offers wild open countryside dotted with historic farmhouses, some breathtaking villages, not to mention the historic, walled city of Chester.
“Chester is a very beautiful place to live,” said Robert Reed, manager of Fine & Country. “It is a city that has a lot of history and I think people are always attracted to that. But it is also a city that means it has got a lot going on – an arts scene, some good restaurants. The only thing against it is that the retail offer could be stronger.”
A period four bedroomed townhouse within Chester’s city walls would cost from around £650,000 or, with the same budget, you could opt for one of its satellite villages (Christleton, Waverton and Mollington are particularly recommended) and buy a large, detached family house with a great garden.
Another option Reed suggests is the aspirational village of Tarporley. Its Georgian housing stock and rural feel makes this village, a 45 minute drive from Salford and 35 minutes from Warrington, highly sought after. Its good facilities – pubs, schools and shops – are another point in its favour. Budget around £200,000 to buy a pretty two bedroom cottage in the centre of the village, but huge family homes with a few acres and stabling, would cost you around £1.5m.
This is, of course, far above the Cheshire norm. House prices in the county currently stand at £209,028, up 4.62 per cent on a year ago.
In Chester prices are higher, at an average £223,677, and rising faster, up 7.26 per cent in the last year.
Tarporley is doing still better, with an average price of £336,309, up 12.47 per cent in the last 12 months.
Alderley Edge is within the south Manchester belt which also includes high end locations like Wilmslow and Prestbury, home to the Rooneys. Crispin Harris, a director at Jackson-Stops & Staff, says “the sky’s the limit” when it comes to fantasy house hunting in these postcodes. A budget of £10m, for example, would buy you a huge contemporary country house set in 20 acres complete with little necessities like a helipad.
But, to put to bed one common delusion, the area isn’t packed to the gills with footballers. “They make good press, but actually our clients are much more likely to be business people and entrepreneurs,” said Harris.
Another misperception is that you need to be loaded to live in this area. Not true, says Harris, who estimates that for £350,000 you could pick up a three bedroomed terrace while £500,000 would buy you a four bedroomed family home.
“It is not cheap, but it is not out of reach either,” he said.
The advantage of the area, aside from the chance of spotting Coleen Rooney in the pub, include great schools, great transport links (trains run direct from Wilmslow to Manchester and London), good shops and a thriving café culture.
However, if you want to get away from it all then Harris points out that Cheshire reaches to the foothills of the peak district where your search should begin in pretty villages like Rainow, where cottages start at around £250,000.
Properties for sale in Cheshire:
1. Seven bedroom detached house (POA)
2. Three bedroom detached house for £355,000
3. Four bedroom townhouse for £350,000
Which are the most popular properties in February so far? Valued from £70,000 to £90m and located in a variety of places – from London to Birmingham – here are the most viewed properties on Zoopla.
1. An impressive 21 bedroom home in Mayfair for £90m. Found in one of the most exclusive areas of London, this is Britain’s most expensive terrace for sale. It has been completely refurbished, and includes seven reception rooms, a garden, garage and a swimming pool.
2. Six bedroom detached house in Cirencester for £1,750,000. Celebrity interior designer Laurence Llewelyn-Bowen is selling his Cotswold mansion – dubbed poshington Manor – to move back to London.
3. Two bedroom flat in Cheshire for £100,000. This modern, ground floor apartment is in a popular location Northwich and comes with double glazing, gas central heating, communal gardens and allocated off road parking.
4. Five bedroom apartment at One Hyde Park for £68m. This 9,000 square foot flat is in one of the most iconic blocks in London, boasting views of both Knightsbridge and Hyde Park, and a 65 metre hallway.
5. Three bedroom terrace house in Birmingham for £70,000. This property is in the street made famous by TV’s Benefits Street. It has dropped three places from last month.
6. Four bedroom detached house in Crewe for £350,000. With its leopard print wallpaper in the hallway, this property is ideal for buyers looking to tap into their wild side.
7. Nine bedroom property in London for £38m. This mansion is in The Bishops Avenue – one of London’s most expensive residential roads – and comes complete with separate staff accommodation.
8. Three bedroom terrace house in London for £1,250,000. A refurbished home within a popular development on Wapping High street, just downstream from Tower Bridge and St Katharine Docks.
9. Nine bedroom detached home in London (POA). A rare opportunity to restore this Grade II listed house in Kensington, which extends to 20,000 square foot. Full planning permission has been granted for the works to include a separate cottage, tennis court and garden pavillion. Up one place on last month.
10. Two bedroom flat in London for £164,950. This property in SE20 is in need of modernizing and is offered chain free for a quick sale.