As Stockport is promoted as an ideal location for business and pleasure, it also offers excellent value in the housing market.
The average price for a flat in England and Wales rose above £250,000 in quarter 2, whereas the latest BBC figures for Stockport show the average price for a flat is just £107,000 and for a house, £186,000.
Although there are variations according to postcode, the Land Registry’s quarterly data also shows that the price of all property across England and Wales grew by 1.3%, to reach an average of £242,415.
This means that UK average property prices are edging closer to
the threshold at £250,000 where stamp duty leaps from 1% to
3% – a tax increase from £2,500 to £7,500.
But for flats, which represent 18% of the total market, the average
UK price has already breached the threshold to stand at
£250,101.
Transactions in England and Wales also saw a rise in Q2,
up 26.6% since Q1.