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 Woodley 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’.
Woodley is a highly desirable area with a variety of convenient local amenities and transport links into Stockport and Manchester, it is often favoured by professional persons and first-time buyers with 34% of households being one-person households**.
As a result, properties priced up to £350k are selling well, with the average house price in Woodley being £228.166 over the last twelve months**. The majority of these homes are renovated two to three-bedroom properties. First-time buyers appear less interested in investment properties and prefer a ‘ready-to-move-into home’.
Despite this, our Auction department is always on hand to lead investment 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.
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 Woodley branch for more information. Either call us on: 0161 532 6872 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Edgeley over the past 12 months is £228.166, which is a 3% decrease in annual sales prices and a 23% rise in sales prices over the past 5 years**.
Within the last 12 months, Woodley has seen a 3% drop in house prices** which infers 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 23 properties being instructed compared to the 31 sold overall within Woodley*. Of this, we have sold twelve, giving us a market share of 18.2%*. As a result, we are seeing multiple viewings and fully booked open houses due to the high demand within Woodley.
In November, 50% of the houses we sold were completed within six weeks of being on the market!
This includes a brand new and high-specification development at Thorn Works, Mill Pool Close. Two apartments were sold within two weeks due to our extensive bank of hot buyers who get alerted of a property prior to it going live.
Furthermore, we successfully completed on a four-bedroom bungalow within a week of listing and achieved an offer which was over the asking price.
Alternatively, a two-bedroom end terrace sold in under two weeks of listing after receiving five offers over the asking price.
Overall, this shows that there is a high demand for a wide variety of properties within Woodley and we 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 Woodley property market from 01/11/24 – 27/11/24. The postcodes included are SK6 1-2, SK1 2, SK5 8
**dataloft, Woodley property sales overview, accessed December 2024
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