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Reddish House Prices Reddish House Prices

The average house price in Reddish is £196,000 using HM Land Registry data.

The average property price increased by £80,378 (52.98%) over the last 5 years and increased by £16,064 (7.44%) over the last 12 months.

Over the last year, there were 240 residential property sales – a decrease of 98 transactions (-40.83%) relative to the previous year. The majority of house sales (53) were in the £170,000 - £200,000 range. Then came properties in the £200,000 - £230,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,125 (-2%).

In April 2024, there were 49 new estate agency instructions, 47 agreed home sales and 17 property price reductions.

Neighbouring Areas: Manchester, Denton, Stockport

Postcodes Covered: M34, SK4, SK5

5-Year Average Property Prices in Reddish

52.98%

Property prices in Reddish increased by 52.98% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Reddish Over the Last Year

7.44%

Property prices in Reddish increased by 7.44% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Reddish - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Reddish

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Reddish

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Reddish

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Reddish since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Reddish area since 1995.

Recent Property Sales in Reddish

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
34 Broomfield Drive, Stockport, Greater Manchester, SK5 7DR£140,000£137,500-£2,50009 Oct 202315 Mar 2024158 Days
31 Lichfield Avenue, Stockport, Greater Manchester, SK5 6BQ£225,000£219,000-£6,00027 Sep 202308 Mar 2024163 Days
42 Hopedale Road, Stockport, Greater Manchester, SK5 7DG£235,000£220,000-£15,00024 Nov 202321 Feb 202489 Days
51 Somers Road, Stockport, Greater Manchester, SK5 6SL£260,000£258,000-£2,00014 Jul 202302 Feb 2024203 Days
24 Moston Street, Stockport, Greater Manchester, SK5 6AD£195,000£192,000-£3,00016 Aug 202326 Jan 2024163 Days
68 Lingard Street, Stockport, Greater Manchester, SK5 6TR£195,000£195,000£0024 Oct 202326 Jan 202494 Days
15 Exford Close, Stockport, Greater Manchester, SK5 7SN£200,000£185,000-£15,00014 Nov 202319 Jan 202466 Days
70 Greg Street, Stockport, Greater Manchester, SK5 7LB£300,000£290,000-£10,00029 Aug 202319 Dec 2023112 Days
1 Rupert Street, Stockport, Greater Manchester, SK5 7AP£160,000£151,000-£9,00001 Dec 202308 Dec 20237 Days
40 Melanie Drive, Stockport, Greater Manchester, SK5 6XJ£335,000£335,000£0017 Jun 202330 Nov 2023166 Days
5 Melanie Drive, Stockport, Greater Manchester, SK5 6XJ£301,000£301,000£0016 Aug 202330 Nov 2023106 Days
6 Felltop Drive, Reddish, Stockport, Greater Manchester, SK5 6YS£310,000£297,000-£13,00002 Jul 202330 Nov 2023151 Days
11 Hibbert Street, Stockport, Greater Manchester, SK5 7LP£255,000£245,000-£10,00018 Jul 202324 Nov 2023129 Days
5 Farley Way, Stockport, Greater Manchester, SK5 6JD£220,000£220,000£0010 Jul 202320 Nov 2023133 Days
23 Belvedere Avenue, Stockport, Greater Manchester, SK5 6QJ£195,000£195,000£0021 Jul 202317 Nov 2023119 Days
2 Mayfield Avenue, Stockport, Greater Manchester, SK5 7JE£290,000£285,000-£5,00027 Jul 202310 Nov 2023106 Days
45a, Betley Road, Stockport, Greater Manchester, SK5 6SJ£85,000£85,000£0013 Jul 202301 Nov 2023111 Days
281 Greg Street, Stockport, Greater Manchester, SK5 7BS£290,000£280,000-£10,00022 Apr 202327 Oct 2023188 Days
39 Carna Road, Stockport, Greater Manchester, SK5 6NB£149,950£149,950£0023 Jun 202323 Oct 2023122 Days
3 Wemyss Avenue, Stockport, Greater Manchester, SK5 6ER£220,000£220,000£0015 Mar 202323 Oct 2023222 Days

Most Expensive Streets in Reddish

PostcodeStreetAreaAverageNo. of Sales
SK5 6TQRothay DriveStockport£350,0003
SK5 6RPAshbrook Farm CloseStockport£347,1663
SK5 7NATynedale CloseStockport£328,5836
SK4 5JQMarton GroveStockport£301,6504
SK5 7JBMayfield GroveSouth Reddish£300,80713
SK5 6YSFelltop DriveStockport£297,0006
SK5 6YHHollow Vale DriveStockport£282,82510
SK5 6XXDene HollowStockport£281,7504
SK5 6SUWindmill LaneStockport£280,7005
SK5 6YGDeepdale CloseStockport£280,0003

Least Expensive Streets in Reddish

PostcodeStreetAreaAverageNo. of Sales
SK5 6FXElisabeth MillElisabeth Gardens£117,55047
SK5 6ARVictoria MillHouldsworth Street, Reddish£121,99613
SK5 6PBBroadfield RoadStockport£123,0506
SK5 6NWBower StreetStockport£129,0833
SK5 6PTHobson StreetStockport£129,1147
SK5 6QSBoscombe StreetStockport£129,45010
SK5 7QUReddish RoadStockport£130,8005
SK5 6LZSandbach RoadStockport£133,2506
SK5 6AJBarlow Lane NorthStockport£133,8333
SK5 6BEBolton StreetStockport£133,8528

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