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Are Changes Coming To The Denton Property Market?

Published: 13th December 2018

Are Changes Coming To The Denton Property Market?

Being based on Windmill Lane, we'd like to think that we know a fair bit about the price of property in Denton, and what's happening in and around the Denton property market.

As such, we thought we'd take a look at how the changes in the Manchester property market in recent years are likely to impact on the local area, our very own Denton in Tameside. 

According to Rightmove, the average price of a property in Denton was just under £150,000.00 over the past twelve months, marginally higher than the average house price in Dukinfield (£145,700), but slightly lower than the average property price in Audenshaw (£189,400) or Gee Cross (£195,400).

Whilst the average price of property in Denton was similar to the year before, it still represented a growth of 14% on the same figures from 2015, when the average price of property in Denton was £131,232. 

Whilst the above data does bring into question the affordability of property in Denton and the surrounding areas for the average local buyer, it is important to give these figures a wider context, especially in relation to the overall demand for property in Manchester, which has consistently risen in recent years.

With increasing numbers of people seeking to work in Manchester, the demand for property in Denton and other surrounding areas, which may have traditional been seen as more affordable is now on the increase. 

Since the credit crunch of ten years ago, the prices of property in Denton (and indeed throughout most of Manchester) have been on a relatively steady increase.

More recent turbulence such as the current Brexit negotiations are likely to have a very short term impact as buyers and sellers seek stability on key financial decisions, however it is likely that the key driver of property prices in Denton and the surrounding areas are the wider structural undersupply of affordable housing throughout the area.

If you're currently thinking of selling, and are thinking of contacting an estate agent in Denton, why not give us a call on Tel: 0161 537 2727, or email us on today.

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