Failsworth Rental And Property Market August 2021
At Brentwood Lettings, we aim to provide the best standard of support and guidance in the local lettings market as we can. We know being a landlord is a tough role, but it can also be rewarding. If you are looking to make informed decisions which help you connect with tenants and achieve success in the rental market, we are here to help.
Staying in touch with the local housing and rental market is tough, but with our help, you don’t have to. We work closely with local landlords and tenants. We review the latest figures and studies from trusted sources. When it comes to making informed decisions in and around Failsworth, we are here to assist you, so please get in touch today.
How is the Failsworth housing market performing?
According to Rightmove as of August 2021, Failsworth house prices are as follows;
“Properties in Failsworth had an overall average price of £193,884 over the last year.
The majority of sales in Failsworth during the last year were semi-detached properties, selling for an average price of £181,559. Terraced properties sold for an average of £144,116, with detached properties fetching £306,510.
Overall, sold prices in Failsworth over the last year were 9% up on the previous year and 25% up on the 2018 peak of £154,725.”
Have asking prices in Failsworth changed in the past year?
Between August 2020 and August 2021, according to the home.co.uk website, the following changes in asking prices have occurred in Failsworth:
Detached properties – A fall of 2%, moving from £296,350 to £291,856
Semi-detached properties – A rise of 13%, moving from £193,061 to £217,547
Terraced properties – A rise of 5%, moving from £140,269 to £147,083
Flats – A rise of 24%, moving from £98,542 to £122,475
Overall, asking prices have risen by 16% in Failsworth in the past 12 months, moving from £188,956 to £219,393.
The average property rent in Failsworth is £760 per calendar month (pcm).
In the Failsworth, the average rent per property type is as follows:
One-bedroom property carries an average rent of £516 pcm
Two-bedroom properties carry an average rent of £706 pcm
Three-bedroom properties carry an average rent of £1,102 pcm
Four-bedroom properties carry an average rent of £1,600 pcm
While it is helpful to know what the average rents in an area are, this doesn’t mean landlords should settle for these rents. There are many factors that influence what tenants are willing to pay in rent, and at Brentwood Lettings, we are keen to help you achieve the best rental income that you can.
If you are looking for guidance in connecting with tenants in the rental market, and achieving the best possible outcome, we are on hand to assist you as best we can.
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.