Stockport’s huge regeneration scheme has put the town on the radar of property investors everywhere and with the average prices of homes increasing by 19% in the last 5 years it’s easy to see why!
Bordering the Peak District and Manchester city centre, Stockport offers an unrivalled quality of life. The town supplies outstanding housing and education with low crime rates and inviting community facilities. With interest rates sitting at a low of 0.1% and the city on the cusp of massive rejuvenation, now is the perfect time to invest in buy-to-let property in Stockport.
Average price of £278,698 across all property types.
Almost 5000 homes sold in the last 12 months.
House prices up 11.2% during the course of 2020.
Stockport is the perfect place for student property and for those who are looking for an alternative to the hectic life of living in the city centre.
Excellent transport links in the town means that students are able to travel to Manchester city centre in just 6 minutes by train, with a service every 5 minutes. In addition, students moving up from London will relish in the fact that there is also a 2-hour direct service back to the capital.
Greater Manchester boasts one of the largest student populations in all of Europe with over 96,000 people studying across 5 Higher Education Institutions with an average retention rate of more than 50%, meaning many students will likely stay within in the area to work and live after they have graduated.
On average, Stockport has experienced a 11.2% growth during 2020 and noticeable demand for suitable housing over the last 5 years. Predictions for further growth in the future may be the result of the many ongoing leisure and property developments in the area.
Data provided by Zoopla shows that over the last 12 months, all house types have increased in value; Detached are up by 5.14%, Terraced by 6.14%, Flats by 2.83% and Semi-detached have had a value change of 2.86%.
In addition to the capital growth in the area, more than 3,000 new homes are predicted to be constructed in order meet demand after the £1 billion regeneration scheme that Stockport is experiencing. The town also shares an interdependent relationship with Manchester with many residents working in the city, underpinning the outstanding transport links and high skill level of the population.
Rental returns in the Stockport area are also promising with some areas showing yields of up to 3.7%. This figure can be expected to grow as demand for property in Stockport is forecast to grow dramatically as a result of large-scale investment in the area.
Stockport hosts a multitude of heritage sites due to the rich history of industry in the town. As a result, there are various museums dedicated to the history of the town, such as the National Museum of Hatting and tours of the air raid shelters used by residents during the 2nd World War.
Additionally, Stockport has 3 parks to explore and enjoy and their historic marketplace which is home to a variety of pubs and restaurants. The marketplace also regularly hosts events drawing in local and outside visitors.
You are never too far away from the action when you’re in Stockport. A well-connected rail network provides regular services to Manchester, Liverpool, and Birmingham as well as a 2 hour direct service London. Not only does the town have outstanding rail connections but it also has excellent bus links which are provided private bus companies and overseen by the Transport for Greater Manchester.
Stockport has received large sums of investment such as the £1 billion regeneration of the town centre designed to modernise, transform and improve the towns leisure, recreation and first-class connectivity.
There have also been huge investments into other areas of the town, such as the £42 million transport interchange which brought a new bus station and is now an important aspect of the town, increasing accessibility to people who reside outside of Stockport.
The most noteworthy development in recent times is the Red Rock leisure complex. This £45 million build hosts several attractions such as The Light Cinema, Berretto Lounge, Mangobean and The Gym Stockport as well as some big-name brands like Zizzi and Pizza Express.
The complex has seen high amounts of success in a short amount of time allowing for an extension of The Light Cinema which added an additional 4,400 square feet and two more screens.
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