House prices in the North West have more than trebled over the past 20 years
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
House prices in the North West have skyrocketed over the past two decades, new data has shown.
Estate agent Coulters Property reported the findings after conducting research on the changing landscape for first-time buyers.
Coulters also found that whilst property costs have risen sharply; earnings have lagged behind.
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
During the same time period, average salaries rose from £16,000 to just £28,000.
ADVERTISEMENT
Mike Fitzgerald, Coulters Executive Chairman, said the stats reflected modern disparity between personal income and property prices.
“Although being a first-time buyer is exciting, over recent years, the affordability gap has stretched and continued to do so every year, making it difficult to make the first step onto the property ladder,” he commented.
ADVERTISEMENT
“In these uncertain times, these inequalities have been made much more apparent.
“There’s no questioning that wages have increased with the rate of inflation, but have they increased enough? Despite recent schemes such as Help to Buy or part-ownership, house prices are expected to increase, with the possibility of a 15% increase over the next five years or so.”
However, despite the deflating data, Mr. Fitzgerald emphasised that support was available for first-time buyers in Britain.
ADVERTISEMENT
“It’s important to seek all the information you can when considering getting a foot on the property ladder and not let the numbers put you off,” he explained.
“There is so much support and often a price bracket to meet first-time buyers’ needs.”
Mr. Fitzgerald continued: “Capital returns on property are traditionally strong, but like all investments the returns need to be measured over a sufficiently long period of time to flatten out short term spikes and dips in values.
“If done sensibly the outcome and rewards are certainly worth it, not only in financial terms but also in the pleasure that home ownership can bring.”
A look inside the ultra-modern Stockport house with ‘bespoke’ entertainment spaces on the market for £2.35m
Emily Sergeant
An ultra-modern house with ‘bespoke’ entertainment spaces and interiors designed by a renowned Art Director is currently on the market in Stockport.
And if you just so happen to be sitting on £2.35 million, then it could be yours.
Now, before we all get carried away, it goes without saying that the vast majority of us won’t have the money to buy this house just chilling in bank accounts right now, but if like us, you’ve got no shame in admitting you love looking at houses you can’t afford in places you’ll probably never live, then allow us to introduce you to this absolute beauty.
This detached residence is located in the highly-sought-after Stockport suburb of Bramhall – which is known and loved for its exclusivity, while still be close to a wide range of amenities, good local schools, and links to parks and nature – and is described by estate agents as being a true one-of-a-kind creation.
This ultra-modern Stockport house is currently on the market for £2.35m / Credit: Shrigley Rose & Co
Set behind private electric gates and approached via a solid granite driveway, every element in this home has been meticulously curated to ‘make an impact’.
With accommodations arranged over five floors, just some of the highlights include, but are by no means limited to, a showpiece kitchen featuring sculpted worktops, built-in bar, and an expansive island that integrates everything needed for modern living – with floor-to-ceiling sliding doors extending out onto a beautifully decked private courtyard.
The property boasts four opulent ensuite bedrooms, including a master suite with a walk-through dressing area, built-in fire and TV, and a spa-inspired bathroom with a freestanding bath.
The one-of-a-kind house has ‘bespoke’ entertainment spaces throughout / Credit: Shrigley Rose & Co
State-of-the-art entertainment spaces, like a bespoke billiard table, a high-spec multi-purpose gym a hand-crafted Sorrel Wine Cellar, and a covered outdoor terrace, fill the property, making the home the ultimate place for hosting.
When you step foot outside the house, you’ll find it’s just as impressive as it is on the inside.
There are several landscaped outdoor ‘sanctuaries’ to enjoy all year round, no matter what the weather has in store, featuring a private terrace with slatted screens, louvered roof, sculptural fire table, integrated lighting, and lush greenery.
Like what you see? This property is currently on the market with Stockport-based independent estate agents, Shrigley Rose & Co, for a Guide Price of £2.35 million, and if you fancy taking a closer look, then you can contact the agents to arrange a viewing.
Or you could just take the cheaper route instead and have a nosy at the Rightmove link here.
Featured Image – Shrigley Rose & Co
Property
The Council is giving Mancs £2,500 to move into a ‘more manageable’ home
Emily Sergeant
The Council is now offering financial help to support people moving into a smaller and ‘more manageable’ property.
Ever heard of ‘rightsizing? Well, according Manchester City Council it’s a process where a tenant in a larger social rent, Council, or Housing Association property, that may have more rooms than they need or perhaps are struggling to manage a big house as they get older, can be supported into a smaller property that better suits their needs.
The benefits of this process include cheaper bills, lower rents, and overall, just homes that are easier to clean and manage.
The aim of it is also to free up larger Council properties for families who are on the housing register – of which there are said to be around 20,000 of them currently at this time, with larger homes having some of the most significant wait times.
Are you struggling to look after a big Council or housing association home? We can help!
We are offering £2,500 to help people move into a smaller more manageable home, freeing up larger homes for families that need them.
It’s also estimated, according to the Council, that a third of all social rented family homes are thought to ‘underoccupied’.
This is why financial support and grants are now being offered.
Last year alone, 109 households were helped to ‘rightsize’ and were supported in the process by a dedicated team of Council officers, as well as benefitting from the Rightsizing Incentive Scheme – with a further 432 households having expressed interest doing so in the future.
Residents interested in ‘rightsizing’ could get a cash incentive of £2,500, which can be spent on anything they like, along with moving costs.
The Council is giving Mancs £2,500 to move into a ‘more manageable’ home / Credit: Benjamin Elliott (via Unsplash)
“Rightsizing could be a brilliant option for older people who are renting a Council home who may have spare rooms they don’t need or would benefit from looking after a smaller property,” explained Cllr Gavin White, who is Manchester City Council’s Executive Member for Housing and Development.
“Often a barrier to moving is the cost, but the Council will take care of the financial burden to help a resident move into a new home.
“The benefit for the city is that we can free up more larger homes for people who are waiting for a property that properly meets their needs. We think around a third of Council tenants could be under occupying their home, which means they could be paying more than they need to or they could be hit with the bedroom tax.”
The Manc -
23rd July 2020 
