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 Hyde 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’.
Due to its convenient transport links into Stockport and its fantastic local amenities, Hyde has become a popular region for young couples, professional persons and first-time buyers.
November appears to be no different with first-time buyers flooding to Hyde! 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.’
Alternatively, there is a strong market for investment properties due to the demand from tenants looking for rental properties, so ex-rental and development properties are still highly sought after by savvy landlords.
This month, we had an 11.3% market share of all sales within Hyde*. 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 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 £195.162, which is a 1% increase in annual sales prices and a 31% rise in sales prices over the past 5 years**.
This month we sold twice the number of properties that we listed, showing that demand is currently heavily outweighing supply. Consequently, house pricing within Hyde has been unpredictable. To combat this, we comparably price our properties to generate a high level of viewings which increases the chance of completion and achieves the best price for the vendor.
Furthermore, our bank of hot buyers gets alerted of a property prior to it going live on the market and has contributed to the level of interest we achieve.
One of the standout success stories from November is the sale of Clarendon Road. This three-bedroom semi-detached family home was listed joint with another agent and was sold within ten days of going live onto the market with us.
The combination of our excellent marketing package and our experienced Sale Progressors team’s ability to find the right buyer meant that we had yet another very satisfied customer.
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 Hyde property market from 01/11/24 – 27/11/24. The postcodes included are SK14 1, SK14 2, SK14 4 and SK14 5.
**dataloft, Hyde property sales overview, accessed December 2024
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