PROPERTY INVESTMENT HOTSPOT: STOCKPORT
Here at Sequre, we often get asked “where are the best areas to invest in property across the UK?”.
In response, we are happy to announce the start of a new series of posts delving into the different areas across the UK that represent fantastic value for buy-to-let property investors.
Our first entry in the series is the market town of Stockport.
A diverse town
The highly sought-after area of Stockport in Greater Manchester, just north of the Cheshire border, has had continued investment into the towns centre over recent years. Coupled with fantastic transport links, Stockport is a great location to own property.
With a number of museums that pay homage to the town’s history, including the award winning Hat Works and the hugely popular Robinsons Brewery, the area already attracts visitors from across the UK.
Image: Hat Works, Stockport Source: Stockport.gov.uk
The appeal of Stockport extends further, with particularly high demand for property in the area. Combined with a higher than average home ownership, whilst the location of Stockport is clearly attractive, it can be difficult but not impossible to secure a property bargain here.
What does the data tell us?
As of November 2020, the average house price in Stockport stands at £286,358. This represents an almost 5 percent (4.88%) rise in house prices over the past 12 months alone for the area, far above the England average of 2.8%.
This is good news for buy-to-let property investors. With the number of people in employment higher than the North West average, notably those of a younger demographic being far more likely to be in work, there is good reason to believe that a buy-to-let investment in Stockport will have low void periods.
With prices unlikely to slow down anytime soon, particularly with the overall forecast for properties in the Greater Manchester area remaining so strong, an investment in property in Stockport is likely to realise significant capital growth and strong rental returns for many years to come.
An exciting future
Stockport was recently granted a £1 Billion transformation budget with the core goal to build on their strength as a business location by introducing over one million square foot of office space, as well as the rejuvenation of important parts of the town whilst also creating new reasons for people to visit Stockport.
According to the head of Stockport council, it is also a matter of “when, rather than if” when it comes to connecting the Greater Manchester Metrolink to the Stockport interchange. Much like the effect we saw in Salford Quays, demand for property will surge, creating even greater rental demand and a surge in property prices.
Is now the time to invest?
The current market represents the perfect opportunity to make a buy-to-let property investment.
Those with significant money in savings accounts will be losing out in real terms, with interest rates remaining at a low of 0.1 percent. This is good for those looking to secure property with a mortgage however, with interest repayments typically lower on new fixed rate mortgages.
If you are interested in securing an exclusive buy-to-let property in Stockport at a discounted rate, be sure to subscribe to our mailing list. We are excited to announce an upcoming project that will be available exclusively to those on the Sequre mailing list, simply register your interest on our home page.
Sequre Property Investment are specialists in sourcing high-income producing buy to let property investments in key areas across the UK. Check out our available investments here, or to get in touch, you can contact us here.
or call us now on 0800 011 2277