The Hyde

Area Guide For The Hyde

Hyde is a town in the Metropolitan Borough of Tameside, Greater Manchester, England. As of the 2001 census, the town had a population of 31,253. Historically part of Cheshire, it is 5 miles (8.0 km) northeast of Stockport, 6.3 miles (10.1 km) west of Glossop and 7.0 miles (11.3 km) east of Manchester. Newton Hall was present in the 13th century. The area formed a township of the parish of Stockport, St Mary. Its name is derived from the Hide, a measure of land for taxation purposes, taken to be that area of land necessary to support a peasant family. In later times it was taken to be equivalent to 120 acres (0.5 km²). In the late 18th century the area that was to become the town centre was no more than a cluster houses known as Red Pump Street. Gee Cross was much larger and 'Hyde' was still only used to refer to the estates of Hyde Hall on the banks of the Tame. Altogether there were only 3,500 inhabitants in the district in 1801. The town is largely a creation of the 19th century and the Industrial Revolution. The population of Hyde increased due to the success of the cotton mills during the Industrial Revolution of the late 18th and early 19th centuries, at one stage there were
 
 

The Hyde Map

Estimated Price: £358,548
Average Asking Price: £392,349
Price change in last one year: £34,835
Average Price Paid: £257,001
Average Rent Rates: £1,439

 
 

Property Prices Breakdown in The Hyde

Average Price for property in The Hyde is around £358,548 which varies based on type of property you are interested in and ranges from £496,769 for detached house to around £441,312 for semi-detached. Similarly terraced house is around £379,621 and a flat is worth £243,094. Values have been changing and have risen £6,321 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,582 in last 6 months, £34,835 in last 1 year, £65,790 in last 2 years, £82,034 in last 3 years, £89,874 in last 4 years and £93,601 in last 5 years.

Currently average asking price of a property in The Hyde is around £392,349 based on approximately 62 properties for sale. Same is the case with rental options based on 13 properties up for rent, average asking rent is around £1,439 per month.

Estimated property value in The Hyde is £358,548. Average asking price is £392,349 while average price paid is £260,579 which is up by £34,835 and Avg. asking rent £1,439.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 The Hyde area. In last 1 year alone average price buyer paid is around £260,579 based on approximately 62 sales in The Hyde area alone. If you compare it to last 3 years sales of 177 properties where buyers paid around £262,172. 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 £257,001 for 279 and average amount paid for purchase of approx. 392 properties sold in last 7 years comes to about £245,486 per sale.

 
 

Properties For Sale in The Hyde

 
 

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 £252,500, £328,317 for a 2 bedroom house, £450,817 for a 3 bedroom house, £565,612 for a 4 bedroom house and £630,000 for a 5 bedroom house. For a flat similarly the prices varies from £253,639 for a single bedroom to £385,198 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £453,800. To sum up the asking prices for properties in The Hyde it comes to around average £253,525 for 1 bedroom property, £378,372 for 2 bedroom, £452,173 for 3 bedroom, £565,612 for 4 bedroom and £630,000 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 is £1,699 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,012. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,495 and £5,720 for 5 bedroom. You should be generally be expecting around average £1,012 rent per month for single bedroom property, £1,495 for 2 bedroom, £1,699 for 3 bedroom and approximately £5,720 for 5 bedroom property in The Hyde area.

Popular Houses in The Hyde

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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