Copyright: David Dixon http://www.geograph.org.uk/photo/1796058
The rental market is undergoing radical transformation in the north of England. As students, professionals and young families decide that the overcrowded, expensive south isn’t all it’s cracked up to be, other areas are rising to prominence. Greater Manchester is one of them, meaning the region has some of the healthiest buy-to-let rates in the country.
Properties in Prestwich are high on the list of lucrative rental yields. They’re hitting a 7.7% return on a one-bedroom premises; much more than the national average. But why are buy-to-let properties in Prestwich so sought-after? Let’s take a look…
A growing, green community
Like Didsbury and Chorlton on the opposite face of the city, Prestwich is abundant with green spaces and communal areas. It straddles Heaton Park, a huge expanse of fields and woodland, which makes for an incredible day trip in the heat of the summer.
There’s an annual literary festival to look forward to, adding to Prestwich’s market stalls and heritage events. St. Mary’s park offers another attraction, featuring outdoor ping pong and basketball and tennis courts. There are many spots to relax in on a lazy day, or to pass the time with friends on weekends.
Excellent transport links
The A56 cuts right through Prestwich, crossing over the M60 motorway. These roads carry a glut of commuters from across the UK, drawing jobs and innovation to the town as a result. Prestwich is not a bustling, hemmed-in locale, but it is very close to a lot of north western cities – an hour’s drive, give or take, between Liverpool and Sheffield. That means properties can attract a wider pool of potential residents throughout the region.
However, for those who do live and work in Prestwich itself, Manchester is a short tram ride away for a change of pace. Their social life can open up enormously with the amount of clubs, exhibitions and gigs running non-stop in the Capital Of The North. Prestwich therefore symbolises the best of both worlds: relaxed or frenetic, depending on the individual.
Briefly, we’d like to touch on the restaurants and drinking establishments that are energising the buy-to-let market in Prestwich, as their doorstep allure can’t be ignored.
There’s a wealth of options for wine, real ale and delectable cocktail tasting. On the gastronomic front, Prestwich boasts a fine menu of curries, Turkish kebab grills, and stone-baked pizzas. These are all big, shining ticks in the box of many a prospective tenant, seeing as a great evening can arise from any corner, just a few minutes down the road.
Landlords should capitalise on the Prestwich rental property boom while they still can. This well-kept secret is going to spread soon enough; Summermere can launch your investments onto the local market, and strengthen the pull of whatever you’re offering. Advertise your buy-to-let property in Prestwich today, and benefit from the experience and local knowledge of our Manchester lettings agents.