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 Reddish 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’.
Reddish is very popular with first-time buyers due to its close proximity to Heaton Chapel and Heaton Moor. With the average house price in Reddish being 27.9% less than the national average house price in England and Wales**, a trend we frequently see is young adults moving out of the family home and buying in Reddish to remain close by.
Consequently, the properties in the highest demand are two-bedroom terrace homes. Typically, buyers then stay in the area and upsize into a three-bedroom semi-detached.
Alternatively, Reddish is a prime area for those seeking an investment property or are interested in a buy-to-let set-up. With an abundance of terrace and semi-detached properties currently on the market, it offers an exciting opportunity to invest!
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 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.
The average sale price for properties in Reddish over the past 12 months is £194.988, which is a 2% decrease in annual sales prices and a 31% rise in sales prices over the past 5 years.**
The decrease in the average house price over this year suggests a stronger buyer interest in more strategically priced homes. 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.
Currently, it is a sellers’ market with 46 properties being instructed compared to the 55 sold overall within Reddish this month.* Of this number, we sold eight giving us a market share of 14.5% and placing us as the number one estate agent within the region in terms of sales agreed.*
This month we have a plethora of success stories to share, including the sale of an apartment in Victoria Mill. This property was sold on the first viewing for above the asking price, leading to a very satisfied vendor.
Furthermore, we have a triumph for our Sales Progressor team with the sale of a three-bedroom terrace property. Our team successfully identified the correct buyer for the property and it consequently sold within two days for 10k over the asking price.
Overall, this shows that the Reddish property market is thriving and our pricing strategy is helping drive sales through quickly and achieving the best possible price for your clients.
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 Reddish property market from 01/11/24 – 27/11/24. The postcodes included are SK4-5 and SK5-7.
**dataloft, Reddish property sales overview, accessed December 2024
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