With 2025 well and truly underway, it’s time to take stock and evaluate the Hyde property market.
As we look forward to what the new year brings, we are keen to continue helping our clients navigate the Hyde property market and are diligent in our aim to achieve the best possible outcome for the customer.
Let’s take a look at Hyde’s property market and Edward Mellor’s place within it. This February update provides insight into buyer and seller activity, based on market trends and data from January.
Hyde is a highly desirable area, often favoured by first-time buyers, young couple and professional persons. This is due to its variety of convenient local amenities, such as shops, food/drink establishments and reputable schools. Furthermore, Hyde boasts five train stations that provide transport links to Stockport, Manchester City Centre and the surrounding North West.
Hyde has long been popular with young families and first-time buyers due to its links to surrounding areas and attractively priced properties. However, this month we saw and increase in onwards movers seeking to upsize into 2-3 bedroom semi-detached properties. The condition of the property appears to be of increasing importance to buyers with modern and trendy décor attracting the most interest.
This infers that the average deposit size for buyers appears to be smaller and there is less available cash for renovations or home improvements. Buyers are preferring to pay a higher price for a ‘turn-key’ property and then borrow more money against the mortgage due to the lack of disposable income.
This month, we had 5 new instructions and 2 sales agreed, showing us that supply is currently higher than demand, therefore now is an advantageous time to find your dream home!
If you were thinking about listing your property with us then now is the perfect time to do so!
Contact the Edward Mellor Hyde branch for more information. Either call us on: 0161 368 0950 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Hyde over the past 12 months is £198.571, which is a 4% increase in annual sales prices and a 31% rise in sales prices over the past 5 years**.
Due to the increase in demand, sales prices have risen and the market has become more competitive. To accommodate this, our expert valuers comparably price properties to generate a high level of activity and viewings. This increases the chance of completion and achieves the best price for the vendor.
We have a plethora of exciting success stories this month and it’s no surprise after we’ve sold 25% of the market to become the number one estate agent within the area*.
One of which is the sale of a three-bedroom semi-detached property situated on Clarendon Road. Our expert valuer decided on a comparable strategy to ensure that the price was attractive to the vendor and the property sold quickly. After less than a month on the open market, it received an offer over asking.
Overall, due to our diligent sales negotiators and expert valuers, we are able to assess each individual property and cater our marketing strategy to achieve the most desirable outcome for our vendors.
This delightful stone cottage in Hyde seamlessly combines period features and character with a modern and stylish interior, resulting in a home brimming with charm and appeal.
The layout comprises of an open-plan lounge/kitchen, two bedrooms and a modern three-piece bathroom suite.
Situated within walking distance from the centre of Hyde, Dow Street offers residents a range of excellent local amenities including shops, Hyde Park, supermarkets and reputable schools. Hyde North station and Flowery Fields station are nearby and offer transport links into Manchester City Centre.
With over 40 years of proven experience in helping people buy and sell property, our local teams are on hand to help clients at every stage of their property journeys.
*According to data sourced from Rightmove, reflecting the Hyde property market from 01/01/25 – 26/01/25. The postcodes included are SK14 1-2 / SK14 4-5.
**dataloft, Hyde property sales overview, accessed January 2025.
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