Stockport Buy-to-Let Guide

According to the most recent HM Land Registry House Price Index, Stockport has an average property price of £300,336. The town experienced a year-on-year 2.50% price growth as well.

The same index puts the average UK house price at £289,824, with a 1.70% year-on-year price growth.

Stockport’s average price is 3.56% higher than the national average. This is also high for the Greater Manchester area and the North West.

In terms of property type, landlords can expect to pay the following average prices:

• Flats and maisonettes: £172,494
• Terraced: £228,615
• Semi-detached: £322,182
• Detached: £522,503

Stockport has numerous areas that are popular with tenants and buy-to-let investors alike.

Let’s look at them in greater detail.

Please note: Property prices in this section are from Rightmove, and rental costs are from Housesforsaletorent.co.uk.

The Heatons comprises four different areas in Stockport: Heaton Chapel, Heaton Mersey, Heaton Moor and Heaton Norris.

The area is popular with families and young professionals alike. For instance, Heaton Chapel has a bustling independent retail market, plenty of charm, and a wide selection of properties suitable for first-time buyers and seasoned investors alike.

Heaton Mersey has plenty of green spaces, a conservation area with stunning views across Cheshire, and good schools, amenities and things to do.

Average Property Prices in the Heatons

The average property price in SK4 is £355,890. In the last 12 months, the majority of sales in the area were for semi-detached homes.

Average Rental Yield in the Heatons

The average rental yield in SK4 is 4.0%.

Stockport offers several benefits to entice property investors and tenants into the area.

Regeneration Initiatives

Stockport town centre is subject to a £1 billion regeneration effort, making the area more exciting for residents, visitors and professionals.

The Stockport Town Centre West Mayoral Development Corporation is the name given to a master plan that takes on future property needs.

The Stockport Exchange scheme has introduced modern office spaces, hotels and leisure facilities to the town. It also intends to re-establish Stockport as a North West business hub. Over the next five years, such efforts should introduce 1,000 new homes to the town centre and surrounding areas. In addition more courses are likely to be rolled out in Stockport University college.

Interested in property investment and sustainability? For a full overview, take a look at our Manchester Regeneration Case Study.

Advantageous Location and Good Transport Links

Stockport is only 6 miles away from Manchester city centre. As such, parts of Stockport are popular with commuters, offering more space and greenery than the city itself.

Some parts of Stockport are popular places to buy or rent, with some commuters who work in Manchester. Parts of Stockport offer good value, more space and better access to the countryside than Manchester itself.

Stockport also has excellent access to Manchester Airport and train links to Manchester city centre, Liverpool, Birmingham and London Euston. Drivers can access other parts of the UK via the A6 and M60 motorway.

As the property investment trend shifts towards new builds, many investors seek ways to get a good deal.

New-build properties are usually more expensive than older properties. However, strategies like off-plan investment offer the opportunity to acquire a new property at a discounted price.

Investing off-plan involves purchasing a property while it is still in the developmental phase of construction. Alongside flexible payment plans, properties such as these are often presented at below-market-value prices and provide a more affordable option for investors.

The best off-plan opportunities are usually concentrated in major cities. This can include locations like London, Manchester, and Liverpool. But as mentioned, Greater Manchester has a reputation for being a buy-to-let hotspot, so there will likely be some options for off-plan investment in the Stockport area.