When it comes to renting or buying property, most Tameside tenants or homeowners want to be in their new homes for Christmas. Landlords and/or homeowners looking to sell their property will also want quick sales so they can move into their own new properties or have the money in their accounts as soon as possible.
Given the current state of the economy and the rocky landscape generated by political uncertainty over recent days, one of my Audenshaw landlords and a few homeowners have been in touch to see how long they’d be looking at having their properties on the market for and whether or not they can get the swift turnaround they desire.
As I have said before, whether you are an Audenshaw landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home; finding a buyer and selling your property can take an annoyingly long time; but anything you can do to mitigate that is helpful to everyone.
So, I did some research on the whole of the Audenshaw property mark and these were my findings. To start with by type (i.e. Detached/Semi/Terraced/Apartment):
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As you can see, the star players are the flats and apartment variants of Audenshaw property, whilst detached properties seem to be sticking in Audenshaw.
Next, I looked at what the number of bedrooms does to the saleability of Audenshaw property:
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… and as you can see the three bed properties seem to be taking the longest time to sell …and to answer the question in the title … it’s four bed properties!
So, what does this mean for Tameside homeowners and landlords in Audenshaw?
There is no doubt that there is a profusion of properties on the market in Audenshaw compared to 18 months ago. It’s not because more houses are coming on to the market, it’s because they are also taking a little longer to sell. This makes it slightly more a buyer’s market than the seller’s market we had back in 2014/5/6. Therefore, in some sectors of the Tameside property market (such as Audenshaw), it is much tougher to sell, especially if you want to sell your Audenshaw home fast.
Therefore, to conclude, on the run up to the New Year, if you are looking to buy and plan to stay in the buy to let market a long time, perhaps take a look at the Audenshaw properties that are sticking as there could be some bargains to be had there? Want to know where they are? Drop me a line and I will tell you a nifty little trick to find all the properties that are sticking.