Stockport

Area Guide For Stockport

Stockport is a town in Greater Manchester, England. It lies on elevated ground 6 miles (10 km) southeast of Manchester city centre, at the point where the rivers Goyt and Tame join and create the River Mersey. Stockport is the largest settlement in the metropolitan borough of the same name. As of the 2001 Census the town had a population of 136,082 and the wider borough 281,000. Historically, the town is mostly within Cheshire, but is historically also a part of Lancashire, to the north of the Mersey. Stockport in the 16th century was a small town entirely on the southbank of the Mersey, and known for the cultivation of hemp and rope manufacture. In the 18th century the town had one of the first mechanised silk factories in the British Isles. However, Stockport's predominant industries of the 19th century were the cotton and allied industries. Stockport was also at the centre of the country's hatting industry which by 1884 was exporting more than six million hats a year; the last hat works in Stockport closed in 1997. The town's hatting heritage is preserved at 'Hat Works the Museum of Hatting'. Dominating the western approaches to the town is the Stockport

 
 

Stockport Map

Estimated Price: £220,761
Average Asking Price: £248,306
Price change in last one year: £17,943
Average Price Paid: £191,364
Average Rent Rates: £744

 
 

Property Prices Breakdown in Stockport

Average Price for property in Stockport is around £220,761 which varies based on type of property you are interested in and ranges from £379,783 for detached house to around £206,856 for semi-detached. Similarly terraced house is around £144,214 and a flat is worth £140,479. Values have been changing and have risen £709 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,069 in last 6 months, £17,943 in last 1 year, £25,475 in last 2 years, £31,605 in last 3 years, £28,635 in last 4 years and £28,422 in last 5 years.

Currently average asking price of a property in Stockport is around £248,306 based on approximately 3,476 properties for sale. Same is the case with rental options based on 339 properties up for rent, average asking rent is around £744 per month.

Estimated property value in Stockport is £220,761. Average asking price is £248,306 while average price paid is £201,305 which is up by £17,943 and Avg. asking rent £744.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Stockport area. In last 1 year alone average price buyer paid is around £201,305 based on approximately 3,476 sales in Stockport area alone. If you compare it to last 3 years sales of 9,706 properties where buyers paid around £193,873. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £191,364 for 15,173 and average amount paid for purchase of approx. 20,159 properties sold in last 7 years comes to about £190,400 per sale.

 
 

Properties For Sale in Stockport

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £105,888, £136,907 for a 2 bedroom house, £210,253 for a 3 bedroom house, £399,479 for a 4 bedroom house and £566,339 for a 5 bedroom house. For a flat similarly the prices varies from £108,319 for a single bedroom to £136,002 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £90,783 and £315,000 for a 4 bedroom flat. To sum up the asking prices for properties in Stockport it comes to around average £107,956 for 1 bedroom property, £136,647 for 2 bedroom, £208,383 for 3 bedroom, £399,191 for 4 bedroom and £566,339 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £395 for 1 bedroom to £610 for 2 bedrooms, £766 for 3 bedrooms, £1,130 for 4 bedrooms and £2,420 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £469. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £626 and £576 for 3 bedroom. You should be generally be expecting around average £457 rent per month for single bedroom property, £617 for 2 bedroom, £763 for 3 bedroom, £1,130 for 4 bedroom and approximately £2,420 for a 5 bedroom property in Stockport area.

Popular Houses in Stockport

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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