Warrington Buy-to-Let Guide

Warrington’s property valuation has remained remarkably consistent over 12 months.

The HM Land Registry UK House Price Index shows Warrington property prices were £261,376 on average in July 2023. A year previous, they were £257,733. Within that timeframe, they reached a peak of £267,673 in November 2022. However, rising interest and inflation rates have affected price growth across the country – Warrington included.

This represents a year-on-year percentage change of 1.40%. In July 2022, Warrington enjoyed a year-on-year percentage change of 16.10%. As you can see, price growth has slowed in the area. However, the same is true for the rest of the UK.

Currently, the average UK house price is £287,546 – 9.53% more expensive than Warrington.

Rightmove states the most popular property types in Warrington are semi-detached houses, selling for £251,180 on average.

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Various property types are available in Warrington, including detached and semi-detached, as well as terraced properties. As mentioned, property prices here are significantly lower than the UK average, meaning that investors could find some substantial opportunities.

According to Rightmove, properties around Warrington had an overall average price of £254,390 in the last 12 months. Most of these sales were semi-detached properties, selling for an average of £238,251. Terraced properties were the second-most popular, coming in at £176,620, whilst detached properties fetched an average of £430,174.

Sold prices in Warrington over the last year were similar to the previous year and 5% up on the peak price of £241,498 in 2021.

The north-east parts of Warrington include suburbs like Winwick (on the other side of the M62 motorway), Cinnamon Brow, Longdord, Hulme and Orford. These places were developed via new-build estates in the ’60s and offer relatively cheap properties.

In the northwest, Bewsey, Dallam and Callands offer convenient access to Warrington town centre and the M62.

Padgate is a notable suburb just outside of the town centre with its own train station with regular services to Manchester and Liverpool. The University of Chester also has a campus in Padgate.

Average Property Prices in WA2

Average property prices in WA2 are £210,349.

Average Rental Yields in WA2

The average rental yield in this area is 4.2%.

Westy and Latchford are separated from Warrington via the Manchester Ship Canal and River Mersey. However, they still have good access to the town centre and cheap properties.

If you venture over the Mersey and Ship Canal, you’ll find Lower Walton, Grappenhall, Stockton Heath and Thelwall. These are suburbs that have kept a village atmosphere. Many properties are period-style buildings. However, new-builds and local amenities ensure the area keeps up with the times. This is one of the more expensive parts of Warrington. Further out, Lymm is one of the most expensive places to live in the North West.

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Average Property Prices in WA4

Average property prices in this postcode are £344,650.

Average Rental Yields in WA4

The average yield in this area is 3.2%.

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Economy

Over the last decade, Warrington enjoyed substantial economic growth. A CityMetric report put Warrington as the most productive place in the North West. In addition, wages are comparable to Liverpool and Manchester, bringing people to the area looking for work.

Transport Links

Warrington can attribute its growth to the excellent transport links in the region. The town is located between Liverpool and Manchester. Commuters can access both cities by road and train. As such, the area is a good option for businesses and commuters alike.

The town is next to the M6, M56 and M62. It also has rail connections that link Warrington to Birmingham, London and Manchester Airport. The local train stations can be found in the town centre, Birchwood, Padgate and Sankey, making these areas desirable for buy-to-lets. Why not read about the latest Properties to invest in and around London or the latest Buy to let properties in Manchester for something alternative.

Regeneration

The Warrington Town Centre Masterplan is set to make the town centre an attractive destination and a more desirable place to visit and relocate to. Regeneration projects are set to improve the local infrastructure and introduce 8,000 homes in the city centre.

Plans for a Garden Suburb in the southeast part of the town could bring 7,400 new homes and employment opportunities.

Demand for new-build properties is rising, but the higher price point may be offputting for investors.

To combat this, investors might find more affordability with off-plan investments, which allows buyers to purchase a property during the planning/construction stage.

By getting involved early, off-plan investors will typically see discounted prices compared to standard market rates and potentially stronger levels of capital appreciation in the long run.

Off-plan properties also retain the high rental demand seen with newly constructed developments, allowing for more robust rental returns.

Whilst off-plan opportunities in Warrington may increase as regeneration ramps up in the coming years, a wider variety of options and target demographics are likely to be found in Liverpool City Centre.