Stockport might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Greater Manchester.
Before looking for a house for sale in the city of Stockport we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Stockport.
In Stockport, what are the rental yields?
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Stockport. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Stockport.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Greater Manchester), a regional level (North West) and finally on the level of the city talked about in this article, Stockport.
|Average Asking rent
You may also find it useful to compare the data above to the number of properties sold per month Stockport experiences. This figure for house sales per month is 25300%. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
In Stockport, how has the number of houses changed?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Stockport at 1 year, 3 year and 5 year intervals:
|Stockport growth rate
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Stockport gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Stockport.
What are the asking prices for the houses for sale in the city of Stockport?
In the city of Stockport, what is the average asking price for the houses for sale?
|Average asking price (1 bed)
|Average asking price (2 bed)
|Average asking price (3 bed)
|Average asking price (4 bed)
|Average asking price (5 bed)
After looking at this table about prices of houses for sale in Stockport, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £1,849 will help them to have a more holistic understanding.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Stockport is £308,413.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Stockport is useful when negotiating and knowing what to expect for every type of house for sale.
Get professional help on the houses for sale in Stockport
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
What is the final sale price of a house in Stockport?
As well as looking at the asking price for house for sale in Stockport, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Stockport.
Houses for sale, are sold on average in Stockport, after the influence of these factors, at £240,905 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 4% over the last 10 years.
|Total final sale price
|Aerage sold price (detached)
|Aerage sold price (semi-detached)
|Aerage sold price (terraced)
|Aerage sold price (flat)
This table above shows the average sale price for each variation of houses for sale in Stockport.
|Sale price per square foot
|Aerage sold price/sqft
|Aerage sold price/sqft (new build)
|Aerage sold price/sqft (old stock)
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Stockport is £2,723.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Stockport
- affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
- Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
- Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
- Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
- EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
- Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
- Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
- Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
- Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
What are the demographics like in the city of Stockport?
How much do people in Stockport earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £42,322.22.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Stockport this figure is 24%.
In Stockport, how has the population changed?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Stockport is 29466500%.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Stockport.
In Stockport, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Stockport is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Stockport population difference over 10 years?
The population has adjusted in the area of Stockport by 4% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Stockport.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
For the city of Stockport, what is the education level?
In Stockport, the proportion of people who have a degree is 27%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Stockport is £42,322.22.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
What is the social grade score of Stockport?
In the city of Stockport, the social grade score of the area is 24%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Stockport.
|The proportion of the UK population (%)
|Professional, managerial or administrative
|Intermediate managerial or professional jobs
|Supervisory, junior managerial or professional jobs
|Skilled manual workers
|Semi and unskilled manual workers
|State pensioners, casual & lowest grade workers
Stockport within Greater Manchester is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Stockport will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Stockport.
Do the people of Stockport get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Stockport currently has 19 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Stockport in this case.
Is the crime rate bad in the city of Stockport?
In Stockport, for every 1000 people, there is currently a crime rate of 1640%. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (1640% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
In Stockport, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Stockport is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
houses for sale in other cities and regions in the UK
We have prepared a list of cities that are entirely dissimilar to the region of North West, perfect if you are looking for somewhere similar to Stockport but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- avery-hill in North West
- ashbocking in North West
- bexwell in North West
- crownhill in North West
- cadoxton in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
If you are a landlord, should you renovate a property in the city of Stockport?
Stockport is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 3 each month, attaining a success rate of 94% and a total population of 294665. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What’s the number of property sales each month in Stockport?
11 property transactions are reported in Stockport each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
What’s the year-over-year population change in Stockport or similar cities?
To work out how the population of Stockport has changed over time, you can look at the population change over a decade which is 4% and the change in a five year period two which falls at 2%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
What are the asking rates for houses for sale in the surrounding area of Stockport?
Currently, the mean asking price of a house in Stockport is £1,849, calculated using the average value per square foot
Is purchasing a house in Stockport considered a costly decision?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Stockport, the value is £240,905, whereas the UK’s mean is £286,500
Buying a Home? Find Top-Rated Estate Agents in Stockport
If you’re purchasing property in Stockport? The right estate agent can make all the difference in guiding you through the home buying process. We understand how stressful and time-consuming finding an agent can be so we’ve compiled a list of the highest-rated real estate agencies in the area below. Our goal is to simplify your search and take you straight to reputable agents equipped to help buy your ideal home.
|Estate agent name
|Address of agent
|221a Hall Street, Stockport, SK1 4JG
|Phone number only
|65-81 Saint Petersgate
|Phone number only
|Edward Mellor Estate Agents
|64-66 Hyde Road
|Garner & Sons
|15 ST PETERSGATE
|Martyn Garner (email@example.com)
|1 Saint Peter’s Square
|Carl Graham (firstname.lastname@example.org);John Bowker (email@example.com);Emma Crick (firstname.lastname@example.org);Chris Munby (email@example.com);Helen McHale (firstname.lastname@example.org)