Moston Property Market And Rental Information
At Brentwood Lettings, we want to make sure you are fully informed about the local market. Even if you are only interested in the letting sector, knowing local house prices and what movement is in the market will help you make informed decisions.
We stay in touch with local landlords and tenants, which means we know what is happening here. We also follow the latest studies and information from trusted industry sources. If you are keen to make an informed move, we can help.
How is the Moston housing market performing?
According to Rightmove as of August 2021, Moston house prices are as follows;
“Properties in Moston had an overall average price of £152,211 over the last year.
The majority of sales in Moston during the last year were terraced properties, selling for an average price of £124,179. Semi-detached properties sold for an average of £158,697, with detached properties fetching £255,857.
Overall, sold prices in Moston over the last year were 17% up on the previous year and 29% up on the 2018 peak of £118,027.”
How have asking prices in Moston changed in the past year?
Between August 2020 and August 2021, the following changes in asking prices have occurred in the M40 postcode area:
Detached properties – A rise of 22%, moving from £228,921 to £279,917
Semi-detached properties – A rise of 17%, moving from £176,643 to £207,098
Terraced properties – A rise of 23%, moving from £134,006 to £164,207
Flats – A rise of 13%, moving from £130,954 to £48,326
Overall, asking prices have risen by 18% in the M40 postcode area in the past 12 months, moving from £163,500 to £192,401.
The average property rent in the M40 postcode is £1,041 per calendar month (pcm).
In the M40 postcode area, the average rent per property type is as follows:
One-bedroom property carries an average rent of £677 pcm
Two-bedroom properties carry an average rent of £748 pcm
Three-bedroom properties carry an average rent of £1,064 pcm
Four-bedroom properties carry an average rent of £1,850 pcm
In talking about what is happening in the national market with respect to property prices and activity, Rightmove Director of Property Data Tim Bannister says: “This unique study quantifies the buyer bidding wars that agents have been reporting since the markets reopened last year, and is further evidence of the unprecedented market that emerged from the various lockdowns with many people deciding they wanted or needed to move as their requirements on space and surroundings changed.”
Tim Bannister continued by saying; “I would, however, caution against sellers being tempted to ask their agent to put their property on for a price that’s much higher than market value. Although many agents are seeing buyers scrambling to put in offers, if your property is priced too high at the beginning it will stick out like a sore thumb on Rightmove as buyers will compare the asking prices of similar properties in the same area. You need to first get people through the door, even for desirable properties in the hotter areas. My advice would be to listen to your agent’s expert opinion, and be mindful that the market is now showing early signs of cooling.”
Brentwood Lettings can call on more than 15 years’ worth of experience in the Moston and surrounding areas letting sector. We are a non-franchise and independent lettings and property management agency in Manchester, and we are here to serve you. To arrange an appointment, a rental property valuation or to discuss your options, give us a call on 0161 681 3724.