Spring has sprung! The mornings are brighter, the nights are getting longer, the leaves are back on the trees and it’s the busiest time of year for the property market.
With an increase in buyer enquiries and viewing figures, we have seen an uptake in both new instructions and sales during March.
Let’s take a look at how the beginning of spring has affected the property market.
This month we have continued to see a diverse range of buyers investing in the Hyde property market. Its advantageous location and convenient transport links make it a favourite for first-time buyers and those who commute into Manchester, while its reputable schools and local amenities attract families seeking to move into good catchment areas.
Currently, it appears that the stock is available to meet buyer demand, with 72 new instructions and 54 sales agreed upon this month. During March, buyers appeared to be favouring semi-detached properties over terrace homes; with a £20-£30K margin between the two property types, buyers are opting to pay more for additional space, as well as a driveway and garden. Terrace houses are sitting on the market for longer and have to be priced more sensitively to receive the same amount of activity as semi-detached.
Popular areas this month include the suburb of Gee Cross for its proximity to Werneth Low Country Park and peaceful, residential community, as well as Newton due to its excellent schools and local amenities.
The average sale price for properties in Hyde over the past 12 months is £202.105, which is a 3% increase in annual sales prices and a 32% rise in sales prices over the past 5 years**.
Nationally, the speed at which house prices have been rising is slowing down and with the turbulent state of international politics, the future is looking uncertain. This is reflected in the Hyde property market. Although prices are continuing to rise steadily, buyers are becoming more cautious and opting for affordability over location and condition.
To accommodate this, our expert valuer implements a comparable and realistic pricing strategy to generate high volumes of activity and multiple offers and achieve the best possible price for the vendor.
The overall message we have for prospective sellers is that now is the time to do so! The market is hot and spring is historically when we see the highest level of activity. Although the future is uncertain, it doesn’t look set to improve with the possibility of interest rates falling and stamp duty coming into effect. Now is the time to sell.
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.
We have a plethora of exciting success stories this month and it’s no surprise after we’ve sold 5.6% of the market within the area*.
For example, the sale of a five-bedroom detached property on Astley Street which sold within three weeks of going live and after only the second viewing. This is due in part to our specialised marketing strategy and our expert sales negotiators who specialise in matching our bank of pre-qualified hot buyers to achieve the most desirable outcome for our vendors.
Another example of properties selling quickly is the completion of a three-bedroom semi-detached property on St. Michaels Road. The property was on the market with us for only a week before an offer was accepted from a buyer who attended the first block viewing.
If you are considering selling your home, now is the time to do so. Demand is high and potential buyers are moving quickly.
This charming extended terrace cottage is the perfect mix of period charm and modern living, having recently undergone a full renovation over the last three years. Presented in immaculate condition, the property is ready to move into. Boasting a new kitchen, bathroom, boiler and roof.
The layout comprises a cosy lounge with French doors which provide the option for open plan living and lead into a stunning kitchen/dining room and conservatory. The first floor contains two double bedrooms, as well as a three-piece bathroom suite.
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.
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*According to data sourced from Rightmove, reflecting the Hyde property market from 01/03/25 – 26/02/25. The postcodes included are SK14 1-6
**dataloft, Hyde property sales overview, accessed March 2025.
Written by Molly Booth
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