With Christmas and the New Year fast approaching, we decided that it was a good time to take a look at the property market in Droylsden and think about how Edward Mellor has performed in recent months.
Not ones to sit on our laurels, we’re determined to continue to serve our clients and strive for an even better month for December, as we head into the ‘Christmas Rush’.
Droylsden is very popular with families due to its convenient local amenities and reputable schools. Families make up 41.4% of households in the region**, therefore it is no surprise that during November we predominantly sold three to four-bedroom semi-detached properties.
Terraced homes were also in high demand, with five sold in the last four weeks alone. This infers that first-time buyers are also attracted to Droylsden.
Additionally, the abundance of terraced and semi-detached properties creates a market for investors seeking a buy-to-let opportunity.
Overall, the total property sales in Droylsden over the past three months have been valued at £19.7m, with almost 89% of these sales involving homes rather than flats**. This strongly suggests that buyer interest in the area is coming from first-time home buyers, growing families and landlords who are expanding their portfolios, rather than individual buyers looking for small flats.
This eclectic mix illustrates a strong demand for properties of all kinds within Denton and that the property market is highly active heading into the New Year.
If you were thinking about listing your property with us then now is the perfect time to do so!
Start your new year with a bang and contact the Edward Mellor Droylsden branch for more information. Either call us on: 0161 532 7904 or email [email protected] to speak to a member of our experienced team.
Visit Edward Mellor Droylsden Today
The average sale price for properties in Droylsden over the past 12 months is £197.942, representing a 3% increase in annual sales prices and a 38% rise over the past 5 years**.
There is a stronger buyer interest in more strategically priced homes. To avoid a down valuation and achieve the best outcome for our vendors, we focus on a realistic pricing strategy by comparing our valuations to other homes sold within the same area.
This helps to generate a higher number of viewings which increases the chance of finding the right buyer and arriving at completion. This month we had a 6% market share of all properties sold within Droylsden*.
One of our standout success stories this month is the sale of a three-bedroom semi-detached property which we secured an offer on after only two weeks of being on the market.
Using comparables to create a realistic pricing strategy, we secured an offer at the asking price and achieved a successful outcome for both buyer and seller.
This shows how important realistic pricing is within the Droylsden property market. With 11.3% of properties facing a reduction in November, it is paramount that a home goes onto the market attractively priced.*
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.
If you would like to sell a property in the New Year, now is the time to list your property to fully capitalise on strong buyer interest going into 2025.
*According to data sourced from Rightmove, reflecting the Droylsden property market from 01/11/24 – 27/11/24. The postcodes included are M9 4, M9 6, M9 8, M11 1-4, M40 0-3, M40 5, M40 7-9, M35 0, M35 9, 0L8 2, M4 4-7, O6 7, M34 5, OL7 9.
**dataloft, Droylsden property sales overview, accessed December 2024
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