Let’s be honest; who hasn’t spent hours trawling the property portals looking at properties well outside our genuine affordability? Well it seems my post last week looking at the cheapest streets in Tameside took plenty of Tameside property blog reader’s interests. So in the name of fairness, this week I’m going to be looking at the most expensive streets that Tameside has to offer.
At the time of writing this article, the cheapest property in Tameside (that isn’t a land plot, POA or up for auction) is £55,000 for a studio apartment in Denton. But what happens when you tilt the scales the other way?
This extravagant four bedroom property can be found on Werneth Low Road in Hyde for a cool sum of £1,750,000. Featuring beautifully landscaped gardens, jaw dropping views and classic, elegant decorations and fittings within, it’s easy to see why it comes attached with such a pricey figure.
The property has been listed on the property portals since June 2017 however, with no notable movings on the price in an attempt to coax the wealthier individuals into buying it.
There are actually a number of properties in Tameside north of the £1 million figure, with one even featuring a staggering 12 bedrooms. But when you step back from the individual properties, what does the bigger picture have to say?
In order to find the most expensive streets in Tameside, I took a look at the number of sales over the past 20 years to find an average of high figures to show where the cash really is being splashed in order to live. The results depict one common factor:
From all of Tameside’s collective post codes, there is one town that very much dominates when it comes to the largest number of expensive property sales in the whole borough. Despite the number of new build projects consisting of three and four bedroom homes cropping up throughout Hyde at present, it is very much the scenic country landscapes that take pride of place as Tameside’s most expensive streets.
As I’ve already mentioned, Werneth Low Road is the home to Tameside’s most expensive property; yet it only just makes it into the top 20 results. Whilst a property needs to truly reflect its prices in order to be sold at such a high figure, the time spent on the market typically tends to be longer for more expensive properties; this is due to the smaller demand for such properties as most homeowners can only afford more reasonable amounts.
Tameside’s most expensive road, The Dingle, is a quiet cul-de-sac based in Gee Cross. The last property to be sold on this road was in the summer last year, achieving a figure of £675,000 for a five-bedroom detached property.
Taking Tudor Avenue, Tameside’s most inexpensive street and comparing it to The Dingle presents a staggering price difference of £836,817. For that price, you could buy one of Mossley’s most expensive properties, or around seven to eight typical Tameside buy-to-let investment properties (of which there are many in the borough).
So on the off-chance you win the Euromillions, would you be looking to buy on one of Tameside’s most expensive streets, or would you focus on investing in buy-to-let properties and getting a great cashflow return instead? I’d love to know your thoughts, so drop me a line on 07709 505 442.