With the festive period behind us, it’s time to reflect on the Woodley property market and evaluate Edward Mellor’s performance this December. As we head into the new year, we are dedicated to providing expert and reliable services to our clients.
Let’s take a look at how we ended yet another successful year!
Woodley is a highly desirable area with a variety of convenient local amenities and transport links into Stockport and Manchester. As a result, 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 very well. The majority of these homes are renovated two and three-bedroom properties which are ‘ready to move into’. The condition of the property appears to be of increasing importance to buyers. This infers that the average deposit size for buyers appears to be smaller and there is less available cash for renovations or home improvements. Buyers prefer to pay a higher price for a ‘turn-key’ property and then borrow more money against the mortgage due to the lack of disposable income.
Total property sales in Woodley over the past three months have been valued at £25.2m, with 91% 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. That being said, there are limited flats on the market in the area – so when they do come to the market they’re highly sought after!
Despite the festive period, Edward Mellor were the top agent in Woodley in December with a 32.6% market share of all new instructions brought to the market in December*. During the month, 20 properties were instructed and 23 were sold within Woodley, meaning that supply is currently meeting demand*.
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 Woodley over the past 12 months is £226.616, which is a 1% decrease in annual sales prices and a 33% rise in sales prices over the past 5 years**.
Within the last 12 months, Woodley has seen a 1% decrease in house prices which infers a stronger buyer interest in more strategically priced homes. To combat this, our expert local valuer will discuss pricing strategies upon valuing a vendor’s property. They comparably price all properties to generate a high level of viewings which increases the chance of completion and achieves the best possible result.
We have a plethora of success stories this month and it’s no surprise after outperforming our competitors to achieve a 39.1% market share of all properties sold within Woodley this month*.
Following on from November’s exciting success, our Woodley team sold another two luxury off-market apartments at the converted Mill and new development, Thorn Works. This was achieved due to our bank of hot buyers who get alerted of a property prior to it going live.
Furthermore, we had two fantastic Auction sales on Stockport Road West and Newlyn Drive. Both properties needed renovations and after being on the open market for a while, they were transferred to our Auction department. We still extensively market our auction properties, including detailed descriptions, floorplans and virtual tours which allow buyers to see the potential of these exciting properties. As a result, we secured a sale for both homes within 28 days!
Currently, Edward Mellor Woodley has another superb buy-to-let investment opportunity on the market on Hyde Road that has been converted into two luxury apartments under the same title deed with a strong yield – both boast a stunning, newly renovated interior and a central Woodley location; it is defiantly not one to miss out on!
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 and SK6 2
**dataloft, Woodley property sales overview, accessed December 2024
