Gorton property market boost

Gorton estate agency Sanderson James has reported a sharp increase in sales in the area over the last quarter.

The company says it has seen a 10 per cent increase in sales compared to the same three month period last year. These figures are reiterated by the property website Zoopla which report the average property in Gorton has seen its price rise by just under £1,000 in the last three months.

Sanderson James Area Manager Gemma Bailey said: “We have noticed an increase in sales across the board, but Gorton in particular stands out. We believe much of the increase can be credited to the large amount of landlords investing in what they obviously see as an up and coming area of Manchester.”

Gorton is the largest neighbourhood of East Manchester, covering over 650 hectares. It benefits from good transport links to Manchester city centre and M60 access to the wider region. It also offers a number of recreational facilities including Debdale Park which provides the opportunity for several outdoor activities, and is home to the famous Belle Vue dog racing track and the superb restored Gorton Monastery.

“The average asking price for a property in the area is around £70,000 which makes it a very affordable place for both first time buyers and for buy to let investors,” adds Gemma. “There is no doubt we are seeing a light at the end of the tunnel in terms of a property market revival and as investors start to wake up and take notice, Gorton is very much in their sights.”

In addition, Gemma says that because people are still cautious about putting their home on the market,this lack of supply is also pushing up prices as demand outstrips supply.

“Gorton has a lot to offer,” she said, “and it’s clear that the investor market agrees.”