The North West of England has, according to the last OCSI Census in 2011, a population of slightly over 7 million people. It is full of industrious and versatile people inhabiting great cities such as Liverpool and Manchester. The region comprises Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside.
As well as its fair share of busy towns, cities and farm lands, the North West features some wonderful areas of natural beauty such as the Lake District, Saddleworth in the Peak District, Morecambe Bay and Cheshire Plain.
The region is rich in culture and diversity and Liverpool, for example, boasts of being home to the oldest Chinese community in Europe.
The North West is possibly the largest manufacturing base in the UK, which is significant when considering the UK’s place in the world stage as the ninth largest industrial nation. With the automotive industry playing a large part, the region is still important for the textile industry as well.
People are attracted to the region for a wide range of reasons - its people, culture, universities, job opportunities etc.
According to 2016 figures, the average house price was £179,427, which is not significantly different than the average sold price of £180,009, for properties in neighbouring Yorkshire and the Humber. The region’s properties were significantly more expense than the North East but lower in price than East Midlands. Cheshire was the most expensive area in the North West with an average sale price of £229,496 compared to the cheapest average for Lancashire which was £157,818.
Also during 2016, semi-detached properties made up most of the property sales in the North West, fetching an average price of £173,902. Terraced properties brought an average sale price of £122,213 and the more expensive detached properties were selling for an average of £305,316.
According to ONS figures for November 2016 January 2017, the employment rate for 16 to 64 year olds in the region is a steady 73.1% and slowly increasing, which is stronger the Yorkshire and the Humber and the North East.
All in all, there is plenty of opportunity for property investment in the region. Hunters have highly trained Estate Agents all over the country so if you are thinking of renting out a property in the North West, buying-to-let or perhaps selling your existing property, we will have a branch near you to help.
We all want to know the value of our home from time to time, even if it is just to stay aware of whether one of the largest investments we will ever make in our lives is working for us. For those with properties in the North West, who are serious about selling up, you can book a valuation without leaving your house and one of our agents will come and see you.
As a first port of call, we can offer you an Instant Free Valuation Report which will be emailed to you for your record. If, of course, you want to pop into one of our branches for a chat and a coffee, you can find where we are using the Find Your Nearest Branch option on this site.