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 Edgeley 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’.
Edgeley is a superb area close to the centre of Stockport. With a variety of convenient local amenities and transport links into Manchester, it is often favoured by young couples, professional persons and first-time buyers.
November appears to be no different with first-time buyers flooding to Edgeley! They’re predominantly interested in the abundance of two-bedroom terraced properties available on the market currently.
The blend of period features with modern and trendy décor appears to be highly attractive to first-time buyers who are opting for ‘ready-to-move into properties’ rather than investment homes that require refurbishment.
Although ex-rental homes and properties with more dated décor aren’t receiving as much interest, our Auction department is always on hand to lead those homes successfully to completion. There is still strong demand from tenants looking for rental properties, so ex-rental and development properties are still highly sought after by savvy landlords on the auction market.
This month we have sold 13 properties and listed 11*. This data shows that demand is currently higher than supply, making it a sellers’ market.
Total property sales in Edgeley over the past three months have been valued at £18.3m, with almost 90% 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.
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 Edgeley branch for more information. Either call us on: 0161 532 7863 or email [email protected] to speak to a member of our experienced team.
Visit Edward Mellor Edgeley Today
The average sale price for properties in Edgeley over the past 12 months is £219.350, which is a 2% increase in annual sales prices and a 33% rise in sales prices over the past 5 years**.
Since the stabilisation of mortgage rates in recent months, there has been an increase in demand for properties ranging between £220-270k. Often, the homes in this price bracket are two-bedroom terrace properties.
We are seeing multiple viewings and fully booked open houses due to the high demand for this style of home.
Our bank of hot buyers gets alerted of a property prior to it going live on the market and has contributed to the over-subscription for viewings in November. Frequently, this has led to listings achieving between 15-20k over asking.
We have a plethora of exciting success stories this month and it’s no surprise after we’ve sold 17.6% of the market to become the number one estate agent within the area*.
A stand-out achievement from November is Wellington Grove. This four-bedroom semi-detached family home sold for £60k over the asking price after receiving multiple offers well over what was originally asked.
Overall, this shows that the demand for larger period properties within Edgeley is still high and they are more than capable of generating a high level of interest.
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 Edgeley property market from 01/11/24 – 27/11/24. The postcodes included are SK8 1, SK8 2, SK3 9, SK3 8, SK3 0, SK1 1 and SK1 3.
**dataloft, Edgeley property sales overview, accessed December 2024
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