Blog Post

Stockport Suitable For First-Time Buyers

Sep 30, 2019, 10:30 AM by Ian Watson

Buying your first home is an exciting time, but it is also a daunting prospect. There is no denying many people looking to step on to the property ladder is looking for as much guidance and support as possible. The finances involved with buying your first home are eye-watering, which is why finding value for money is essential for the majority of first-time buyers.

At Peter Anthony, we’ve long felt Stockport is an area with a lot to offer. The close proximity to Manchester is a crucial benefit of living in the area, but Stockport has a great deal to offer in its own right. We are also pleased to hear we are not the only people who believe Stockport has a great deal to offer. A recent study by Post Office Money highlights that Stockport is a suitable place for first-time buyers.

House prices in Stockport are increasing

In the past year, house prices in Stockport have increased by 10%, and in the study, local homes were valued at £225,000. With the same research listing the regional increase as 3%, it is clear that living in Stockport has a lot to offer. If you are looking for an affordable place to buy property, you can also take comfort from Greater Manchester being classed as an accessible area to set up home.

31% of the region is classed as being accessible for first-time buyers with only Trafford in Greater Manchester classed as being unaffordable for first-time buyers. Therefore, there is a great deal to consider in the Greater Manchester area, and it is fair to say Stockport has a lot of positive reasons for first-time buyers to consider buying property here. Reliable transport links to London and Manchester is never a bad thing for a local area, but Stockport has a great deal to offer in its own right.

There are many affordable areas in Greater Manchester

Ross Hunter from Post Office Money stated; “The North West continues to see steady growth, and despite this, it remains relatively affordable for first-time buyers. While other areas of the country are seeing house price stagnation or even falls in value, buyers in the North West have yet to see this.”

While property prices and values have risen in Stockport, we believe there are still opportunities for first-time buyers to obtain value, and find a brilliant home. The regeneration of the town centre means Stockport has evolved considerably. If you haven’t seen or visited Stockport in a while, or your knowledge of the area is based on old stories and anecdotes, you’ll be pleasantly surprised at what is on offer.

No matter what property move you want to make, you will find Peter Anthony is here to help. We are pleased to say we have assisted many first-time buyers in Stockport, and we are committed to bringing buyers and vendors together. If you want to find out more as to why Stockport is the prominent place for you to set up home, contact us today.

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