In this 2 minute read, we take a look over the local property market and give you an insight into how property is performing in the Haydock and Newton area.
Over the last month Newton has had 48 new listings come to the market with 33 of them sold within the same month of marketing. That’s 68% of new homes coming to the property market and selling within the first 4 weeks, compared to last month that’s a whopping 26% higher, meaning the market is starting to pick up again and we are seeing more buyers come to the market.
Haydock has had an even busier month compared to last month with almost twice as many homes coming to the market. Over the last 4 weeks Haydock saw 43 new homes listed and 30 of them have already sold, that’s 27% more than the previous month.
We are also seeing mortgage lenders start to increase the borrowing power for their applicants meaning you might be able to borrow more than you expected. If you want to chat to our in house whole of market mortgage advisor Hannah CLICK HERE.
There are lots of new properties due to come to the market in the coming weeks, now would be a great time to sign up to our heads up property alerts allowing you to see any new home that come to the market 48 hours before it goes to Rightmove. CLICK HERE to sign up
Our fantastic new build homes in Haydock are coming along nicely. We now only have 3 plots remaining so be quick if you want to reserve your plot. With a large south facing garden, en-suite to the master bedroom and parking for two cars they offer great value for money. CLICK HERE for more details.
As we start to come into the summer months it’s not just the weather we expect to start heating up, with demand in the market getting higher and house prices raising by over 10% this year already we are going to see house prices continue to climb.
If you have any questions regarding the local property market, get in touch our team will be happy to chat all things property. Call the Haydock team on 01744 371371 or the Newton team on 01925 290290.
Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.
The Bank of England meets tomorrow (Thursday 7 November) to set the official Bank Rate or base rate as it is also known.
This is the rate that banks and building societies use to set the interest rates they charge borrowers.
The Renters’ Rights Bill is a big news story in the property rental world right now. And there are lots of myths and inaccurate information being punted around. In this article, we’ll give you straight answers to three of the most common questions landlords are asking us.