Investment in the North West region can be an attractive area for investors, but if you’re looking for an area out of the major cities, Macclesfield could be the perfect alternative. Located on the county border of Greater Manchester, Macclesfield is a town with a history for being at the centre of silk manufacturing.
Macclesfield is home to a variety of restaurants, bars and shops similar to many Manchester surrounding areas. Macclesfield stands out due to its strong silk industry history and transport links to local and nationwide locations.
In recent years Macclesfield has received exciting plans of development to regenerate the town centre to improve walkways, cafés and restaurants, outdoor facilities and street lighting. Recently, AstraZeneca Macclesfield a 101-acre research and manufacturing facility which employs around 4,000 people, received a £60 million investment for future manufacturing development.
Macclesfield boasts independent shops, bars and café’s which helps diversify the area and attracts countless visitors that wish to enjoy a unique high street experience. Treacle Market is one of the largest Artisan markets in the North West consisting of over 160 stalls selling unique products, food and drink and providing local community updates.
The cobbled side streets accompanied with award winning restaurants have been compared to the ever-popular Manchester’s Northern Quarter. All of this and more enabled Macclesfield to be voted as the happiest place to live in the North West in 2018. This survey covered factors such as residents safety, local services, cultural activities and quality of green spaces.
Macclesfield is located 20 miles south of Manchester and provides easy access by road and rail. Macclesfield is a perfect location for commuters who want to avoid the hassle of a city.
Macclesfield has affordable property and this is naturally a huge selling point to commuters working in nearby cities where the cost of living and property is far greater. Macclesfield is also able to boast a strong reputation for their schools, 6 of the top 10 schools were rated outstanding during inspections.
Macclesfield offers plenty of opportunities for businesses, as anyone commuting from Macclesfield is just 55 minutes away from Central Manchester, 25 minutes away from Manchester International Airport and just under 2 hours away from London. A wide variety of transport links available makes Macclesfield a prime location for new and expanding business.
Average property prices of £337,795 (October 2021, Zoopla)
House prices up 18.57% in the last 5 years
Average terraced house price of £203,563
Macclesfield offers gross rental yields averages of 2.6% for the SK10 postcode region and gross rental yields of up to 3.4% for postcode region SK11. Sold prices in Macclesfield were up 2.80% from the previous 12 months and over the past 10 years sold prices have risen by 48.41%.
Macclesfield’s average property price of £337,795 stands higher than the average price paid in Manchester, which is currently £232,404.
Data provided by Zoopla reveals that over the last 12 months detached house prices have risen by 2.12%, semi-detached 2.34% and flats have risen by 1.23%.
Terraced property is the most purchased property in Macclesfield with 343 sales in the past year, 325 detached properties averaging at £562,804 respectively and 63 flats were sold with an average price paid of £176,745.
Macclesfield is located just 3 miles away from the Peak District which attracts over 13.25 million visitors every year and one of the UK’s best holiday locations. This offers residents access to one of the UK’s best national parks.
Tegg’s Nose Country Park is the top rated attraction in Macclesfield, providing green space for enjoyable days out. To look back at the history of the town, visitors can enjoy a trip down memory lane through the ever-popular Silk Museum & Paradise Mill.
There are plenty of restaurants, bars and shops to choose from, which are situated around the town centre as well as Treacle Market which takes place on the last Sunday of each month. This market was founded back in 2010 and focuses on artisan products and provides a real community feel.
Macclesfield is also home to the newly formed Macclesfield FC, the successor to Macclesfield Town FC.
Macclesfield is located 20.5 miles away from Central Manchester with an average drive time of 53 minutes, neighbouring city Liverpool is just over 46 miles away.
Macclesfield has rail connections to and from Manchester with an average travel time of 20 minutes which is ideal for city commuters. Travelling to London by train takes just under 2 hours with trains departing daily. Commuters can also travel with ease to other locations close by, such as Stoke-on-Trent and Reading.
For international travel, Manchester Airport is located 10.7 miles away and can be accessed by road and rail.
Investment and regeneration of Macclesfield Town centre is taking place to improve the outside facilities of cafes and restaurants, walkways and street lighting with the aim to increase footfall and the local economy.
Macclesfield received an investment of £650,793 from the government’s Department of Transport (DfT) as part of the Summer of Cycling and Walking scheme. This investment was made to cover improvements to National Route 55, a key travel route from Macclesfield town centre to the northern suburbs, with the aim of encouraging more people to walk or cycle on their journey.
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Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.
We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.
We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.
If you are considering in investing in a property in the North of England, and don’t fancy the ‘hard sell’ approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 337 3890.
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