House prices appear to be taking a tumble at the higher end of the property market in Greater Manchester as several mansions have had their prices slashed by considerable amounts.
This month Rightmove said that house prices across the UK have increased, with big jumps in the prices of larger homes at the top of the ladder. But despite this trend it appears that in our region, some these types of properties could be struggling to sell.
Some big mansions in affluent areas such as Hale, Hale Barns and Bowdon have seen their asking prices plummet by as much as £500,000 in an attempt to give them a boost and attract a bigger range of buyers.
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Here we look at some of Greater Manchester's most expensive homes that have had huge amounts cut off their price tags in recent months.
Hill Top, Hale
This beautiful home was first listed for sale in January 2023 for £4.5 million, but just two months later, it has now been reduced by a whopping £505,000.
Now on the market for £3,995,000, the five-bed detached home is still one of the most expensive homes currently up for sale in the region.
Set in a private location behind a secure gated entrance, the contemporary home boasts a huge open-plan space with a stylish bespoke kitchen, dining area, drawing room, sitting room, separate secondary kitchen and a cinema room.
Upstairs are five double bedrooms, with the master and secondary bedroom boasting their own en-suites and dressing rooms, with a family bathroom also on this floor.
Barrow Lane, Hale Barns
This multi-million pound property has also had a huge reduction this year. The five-bed detached home was put on the market for £3,000,000 back in October 2022, but it has since been slashed by half a million pound to £2,500,000.
The gated property sits in one of the most private residential areas in Hale Barns on the prestigious Barrow Lane. The spacious family home offers more than 5,000 square feet of living space which includes three reception rooms, five bedrooms and six bathrooms.
The current owners have given serious attention to detail with every aspect of the interior layout, with an extensive range of impressive features such as underfloor heating, a unique circular entrance with a spiral staircase and statement lighting.
Knowsley Lane, Bolton
Set out in the countryside, this beautiful cottage has had a £350,000 price reduction since it was first put on the market.
The six-bed detached home was initially listed for sale at £1.3 million back in October but it is now on the market for £950,000.
Set in a private and peaceful location within the Turton countryside, Broadmeadow Cottage is a spacious family home which boasts a modern interior throughout.
The house has a country-style kitchen-diner, three large reception rooms, six double bedrooms, four en-suites, a family bathroom, and a large fully boarded loft.
Outside, the home boasts a private driveway, beautiful gardens, a stable and a storage building.
Cross Lane, Bury
This Grade II listed house appears to be struggling to sell since it first hit the market back in March 2022.
Since it was first listed for sale, the four-bed detached home has had seven price reductions totally £295,000, taking its initial asking price from £1,150,000 down to £855,000 today.
Set in the heart of Holcombe Village, the character home has been modernised throughout but still boasts many original features including stone mullion windows, feature cast iron fireplaces and beamed ceiling.
The property has three spacious reception rooms, a large breakfast kitchen, wine cellar, three bathrooms and four double bedrooms including a master with an en-suite.
Bowdon Road, Bowdon
Having had its asking price slashed by £200,000 in February, this five-bed home is now on the market for £2,150,000.
The semi-detached property sits in a private location in the affluent area of Bowdon which is Greater Manchester's most expensive place to live.
The period property has three reception rooms, open-plan kitchen, a gym and steam room, a wine cellar, four bedrooms with en-suites and a home office, with stunning south-west facing gardens surrounding it.
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