Manchester news Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news

MetiNews.Com - 'It's following the trend of nearby Levenshulme'

Manchester news Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news

MetiNews.Com - 'It's following the trend of nearby Levenshulme'

Manchester news  Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news
16 May 2021 - 09:26

Breaking News ! Gorton has emerged as a property hotspot as Greater Manchester's housing market continues to soar. Local property experts at Purplebricks say Gorton, Debdale and Abbey Hey are seeing prices skyrocket, with demand 'going through the roof', and homebuyers placing offers within hours of properties going on the market. Across Greater Manchester, houses are selling within days, and for well over the asking price. Competition has been particularly hot in more affordable towns, such as Leigh and Oldham, according to latest analysis by Rightmove. And now prices are rising fast in Gorton, M18, the inner city neighbourhood south east of the city centre. Gareth Yates, of the estate agents, said: "Houses there are absolutely flying at the moment with prices skyrocketing and demand going through the roof. "The area has been talked about for years but it’s now become much more popular with buyers. I’ve had some properties come to market which have then sold within days, and many are going for over the asking price.” Springtime in Debdale Park (Image: Manchester Evening News) Gareth says the 'boom has been bubbling' for a few years in Gorton, following the trend of nearby Levenshulme. "We’ve always said 'next year, next year', but 2021 is the year," he explained. “Demand has always been high as prices have been low with a low ceiling price, but now the ceiling has been smashed. “It’s following the trend of nearby Levenshulme that has seen massive growth in recent years and is now one of the hottest postcodes." Read More Related Articles How affordable is your street? Find out with this interactive postcode search Read More Related Articles The most and least expensive houses sold in Greater Manchester this year Gareth says they're seeing a different type of buyer. Rather than local movers and investors, it’s buyers from out of the area or first-time buyers taking advantage of the lower prices, and a 'trendier crowd'. As the increased interest impacts prices, estate agents anticipate well-priced houses to easily have 10 to 30 viewings. On why Gorton especially is seeing a surge in popularity, Gareth said: "There’s plenty of investment going on locally - Theo Paphitis from Dragons' Den lived here as a child and has invested heavily. "There are four to five new build developments going on as well, with more planned for the future with the transformation of the old Belle Vue dogs stadium - it shows the appetite is there." The Hide Out Youth Zone in Gorton is backed by businessmen Fred Done and Theo Paphitis (Image: On Side) Gareth highlights the area's accessible transport links, being just 10 minutes by bus from town, and proximity to several local train stations with links to further afield, as part of the draw. Meanwhile, the motorway is on the doorstep, while the Fallowfield Loop connects cyclists to areas like Chorlton. “There are several amazing parks like Debdale Park, as well as being close to several golf clubs," Gareth continues. "There is also a lot of money going into the local schooling. “And some of the houses are amazing; mainly beautiful Victorian period properties over several floors, as well as a good supply of smaller two bed/three bed terraces, which would cost a fortune in other areas. "There are some really unique properties like Gorton Hall Lodge that we sold that was packed with history near some cottages on Far Lane that date back to the 1800s.

. Also, there's the plentiful supply of new builds.” These are just some of the properties that sold quickly with Purplebricks in the M18 postcode area: Claremont Range Claremount Range With four bedrooms, a large open-plan living area, and a modern family bathroom, the owners of this Victorian family terrace received the first offer in just two hours of putting it up for sale. The property, which has extra storage space in the cellar, sold over the asking price in eight days. More information here. Rainshaw Lane Rainshaw Lane's living room (Image: Purplebricks) Decorated to a high standard, with a decent-sized garden that has a decked pergola, this three-bedroom semi-detached newbuild had almost 40 viewing requests in the first 48 hours of it going on the market - and had offers all above the asking price of £190,000. The first offer came in within 24 hours, and it sold in three days. More information here. The tidy garden (Image: Purplebricks) Chapman Street Chapman Street is a popular spot for homebuyers (Image: Purplebricks) The extended four-bedroom family home sits right next to King George V Park with great views from the bedrooms upstairs. The owners of the spacious property received their first offer within 24 hours, selling in four days. More information here. Shillingford Road Shillingford Road A new build, three-bedroom semi-detached home with a large garden, this property had its first offer within 24 hours of the property going on the market, and sold within 48 hours at full asking price. More information here. Chapman Street This house on Chapman Street had 75 viewing requests (Image: Purplebricks) Another semi-detached on Chapman Street, this extended three-bed came with no chain and was on for £170,000. While it was in need of refurbishing, the property had a whopping 75 viewing requests. It had its first offer within 24 hours of going on the market, and sold for over the asking price in 12 days. Milton Mount 'There are some really unique properties' (Image: Purplebricks) This detached two-bedroom property is the former Gatehouse to Gorton Hall. Gorton Hall Lodge used to sit at the entrance to Gorton Hall, also known as Peacock Hall, in Gorton Village off Brookhurst Road and Old Hall Drive in the late 1800s. The lodge stills stands, despite the hall being demolished in 1906. It has a new modern bathroom but also retains traditional features. The first offer was presented in three days of the house being on the market, and it was sold in nine days for over the asking price. More information here. Read More Related Articles When does the stamp duty holiday end? Read More Related Articles The Manchester property hotspots with the biggest house price rises in a year

Source = MetiNews.Com

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Manchester news Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news


Manchester news Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news


Manchester news Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news


Manchester news Gorton homes that sold within hours as prices in the area 'skyrocket' Manchester united news

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