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Up-and-Coming Trafford – Property Price Hike!

Posted by Jennifer Jameson on May 20, 2016
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In terms of house price rises predicted by 2020 it has been predicted that Trafford will be leading the way. Figures from the land registry reveal that many have deferred moving house over the past seven to eight years since the financial crisis. Not that things have stabilized, more stock is becoming available and owner-occupiers are seizing the opportunity to move!

According to a report by Neil Chegwidden from JLL: “Manchester has a real buzz and is attracting lots of young companies as well as established businesses. Graduates are choosing to stay in the city.”

Figures published by eMoov suggest that Manchester will be one of the best places to invest in 2016 with rises of up to 8% forecast. The Manchester Confidential have created a Metrolink House Price Map which shows that the most expensive Metrolink stations to buy around are Piccadilly and Market Street (M1); closely followed by Altrincham and Navigation Road (WA14). The average price for a two bedroom property in WA14 is currently £210,013. The map shows a close correlation travelling along the Altrincham line towards Trafford Bar, prices are as follows:

ALTRINCHAM – TRAFFORD BAR

  1. Altrincham – £210,013
  2. Navigation Road – £210,013
  3. Timperley – £208,100
  4. Brooklands – £181,845
  5. Sale – £181,845
  6. Dane Road – £181,845
  7. Stretford – £128,526
  8. Old Trafford – £142,159
  9. Trafford Bar – £142,159

Land registry figures show that house process in Trafford went up by 9.1% in the year to June, this compares to London with a rise of 9.2% in the same period! Prices are now at their highest since 1995. The market in other areas of the North West are not all so buoyant, in Bolton prices fell by 5.2%; in Oldham prices fell by 4%.

Cheshire and Trafford form the most sought after area in the North West, if you own property in this area you are onto a winner, if you don’t already then get a move on before you are priced out of the

 

 

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