In 2016 the average price of a detached house in Alderley Edge broke through the £1 million price barrier, according to new analysis published today by Countrywide Research for estate and letting agents, Bridgfords.
Bridgfords, who have 79 offices across the north of the country, including Alderley Edge is part of the Countrywide Group.
The analysis shows that over 2016 prices in the area rose by 15% making the average cost of a detached family home higher in Alderley Edge than anywhere in the country north of Watford.
Alderley Edge is one of only nine other towns outside the M25 where the average value of a detached home has passed the seven figure mark. Alderley Edge ranks fourth behind Ascot, Beaconsfield and Virginia Water.
The first £1 million house sold in Alderley Edge was in 2000 when a large family home on Beechfield Road was bought for £1.1 million. Today, the research shows, some 40% of homes in Alderley Edge sold for at least £1 million and in some of the southern fringes of the town, the figure is close to 100%. Countrywide research calculates that 78% of homes are bought by newcomers to the town.
Keiron Humphreys, Regional Director at Bridgfords, said:
“The appeal of Alderley Edge is not hard to miss. The mix of period and new homes many set in generously sized plots, discretely hidden by stone walls and mature landscaping, offer the privacy often sought by those with the largest budgets.
This coupled with fast rail links into Manchester city centre and close proximity to the M6 and Manchester Airport have ensured it’s ranking as one of the most desirable places in which to live in the North West.”