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 predominantly first-time buyers dominating the market within Reddish. Located between Manchester and Stockport, the area provides residents with excellent transport links, via train and bus, making it extremely popular with commuters. With rent prices rising in central Manchester, we have seen an uptake in first-time buyers seeking to invest in a more affordable area which is still within a commutable distance.
Currently, it appears that the stock available is meeting buyer demand, with 36 new instructions and 35 sales agreed this month, however, when speaking to our buyers they tell a different story. For first-time buyers looking to move into the area, there is an abundance of two-bedroom terrace properties available, however, buyers seeking to upsize are struggling with the lack of larger properties on the market. Many are pushed out of the area and are relocating to areas such as Bredbury, Woodley and Marple where there are more 3-4 bedroom semi-detached homes for sale.
Consequently, our Reddish team has been working closely with our Woodley and Marple branches to connect vendors with pre-qualified buyers and create chains to lead to a successful completion.
For first-time buyers, North Reddish has been particularly popular this month. This is due to a number of reasons, such as its affordability in comparison to areas such as Heaton Moor and Heaton Chapel which demand a higher price point.
The average sale price for properties in Reddish over the past 12 months is £199.727, which is 3% annual increase and a 29% 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. Despite this, the Reddish property market is flourishing. The popularity of the area and demand for a wide range of stock continue to drive property prices up.
To accommodate this, our expert valuers favour an offers over strategy to generate high volumes of activity and multiple offers, which in turn is pushing the selling prices up.
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.
Contact the Edward Mellor Reddish branch for more information. Either call us on: 0161 442 5033 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 17.1% of the market within the area*.
For example, the sale of a two-bedroom terrace property on Westbourne Grove. Due to our extensive marketing strategy and our expert sales negotiators’ ability to generate high levels of interest, the property received an offer for £10K above the asking price after only the first block viewing.
Additionally, a three-bedroom semi-detached property on Lichfield Avenue sold within two days of going live on the market for £5K over the original asking price.
This shows that buyer demand in Reddish is high, with properties in good condition receiving high levels of viewing enquiries, resulting in multiple offers above asking. If you are thinking of selling, now is the time to do so!
Ideal for first-time buyers, this well-presented terrace property comprises two reception rooms, a modern kitchen, two double bedrooms and a superb four-piece bathroom suite.
You will find an array of local shops, cafes, supermarkets, reputable schools and excellent transport links all within a short walking distance, including Reddish North Station and major bus routes to Stockport Town Centre and 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 Reddish property market from 01/03/25 – 26/02/25. The postcodes included are SK5 6-7
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**dataloft, Reddish property sales overview, accessed March 2025.
Written by Molly Booth
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