Buy To Let's in the North West
ROCHDALE BUY TO LET GUIDE
Key insights for property investors looking for high yielding investments.
Buy To Let's in the North West
Rochdale Buy To Let guide
Key insights for property investors looking for high yielding investments.
You might have heard about Rochdale, a historic market town in Greater Manchester, England, known for its industrial heritage and scenic surroundings. Property buyers have started showing a much greater interest in the town due to its affordability, proximity to major cities, and ongoing regeneration, which might be exactly what you’re looking for!
If you’re interested in numbers only, you’ll be pleased to hear that investing in Rochdale will give you a much faster and bigger profit, thanks to the town’s affordability. When investors are looking for a new property, the first thing they’ll want to know is if they’re going to have to spend a large sum of money on the new property. The good news is that you’ll be able to find great buy-to-let Rochdale deals compared to the deals you’ll find in larger areas, and all it’ll take is a little help from our end.
Why invest in Rochdale?
Before making a larger investment, you’ll need to check if the area you’re considering is the best one available. It all depends on what you’re looking for. Since we’re discussing buy-to-let Rochdale deals, you might not be interested in living there to be close to some major cities, but your tenants might be. So, let’s explore the possible reasons for buying a house in this area.
Affordability & strong rental returns
Rochdale offers relatively affordable house prices compared to other areas in Greater Manchester, making it attractive for property investors looking to enter the market without spending a fortune. As of late 2024, the average house price in Rochdale is around £198,000, which is significantly lower than the national average of £276,000 in Great Britain and £205,000 in the North West region.
Buyers can afford larger homes with gardens or traditional stone-built properties at prices that would be unattainable in nearby larger cities. In terms of rental returns, Rochdale provides competitive yields, often ranging between 6% and 8%, depending on the property type and location within the town. Areas close to employment hubs, transport links, and local amenities tend to attract higher rental demand, enhancing the potential returns for landlords.
Closeness to Manchester
Rochdale is just 16 km from Manchester, one of the UK’s largest and most dynamic cities. Being so close to a larger city means that your future tenants could commute to Manchester for work instead of finding a home to live there for a much higher price.
Manchester offers some of the best shopping in the UK, including the Arndale Centre, King Street for luxury brands, and the Northern Quarter for independent boutiques. It provides various dining experiences, from Michelin-starred restaurants to vibrant street food markets like Mackie Mayor.
Home to Manchester United and Manchester City, two of the world’s most famous football clubs, providing exciting live matches for sports fans.
Growing economy
Rochdale’s economy is diversifying, with growth in sectors such as manufacturing, logistics, and retail. The Kingsway Business Park, for instance, has attracted significant investment and created jobs, driving demand for local housing.
Recent efforts led by the Rochdale Development Agency (RDA) have secured over £80 million in public funding, which is expected to generate a total of £500 million in local investment. This includes major projects such as the Upperbanks mixed-use development, the Advanced Machinery & Productivity Institute (AMPI), and the new link road at South Heywood, which will unlock thousands of homes and commercial spaces.
Is Rochester good for Buy To Lets?
Rochdale is considered to be a great location for buy-to-let investment because of its affordability, strong rental demand, and ongoing regeneration projects. Here’s a list of the key reasons why you should invest in Rochdale:
With an average property price of around £198,000, Rochdale is significantly more affordable than nearby Manchester, where prices are higher. This makes it accessible for investors looking to enter the market with relatively low capital.
Rental returns in Rochdale typically range from 6% to 8%, depending on the property type and location. This is higher than the UK average and reflects the strong demand for rental properties, especially among young professionals and families who commute to Manchester.
The town has a great Metrolink tram system, which connects Rochdale to Manchester and other major cities. Additionally, it has the M62 motorway that enhances its appeal to renters who want affordable housing with easy access to job markets.
How much do properties cost in Rochdale?
As of late 2024, the average property price in Rochdale is approximately £198,000, making it significantly more affordable than many areas in the UK, including nearby Manchester. For those looking to buy a property, the average asking price is around £247,228, with properties typically selling within 14 weeks and seeing an average price reduction of only 2% during negotiations.
Buy-to-let investors may find Rochdale appealing due to its lower property prices and proximity to Manchester, which supports robust rental demand. For houses purchased with a mortgage, the average price was £211,000 in September 2024, while buyers who paid with cash spent around £187,000. This positions Rochdale as a budget-friendly option within the North West, where average prices are higher at £237,000.
After our research, we can conclude that Rochdale offers potential for steady returns, especially given its closeness to Manchester, ongoing regeneration projects, and access to reliable transport networks, making it a solid choice for buy-to-let investments.
What's the rental demand like in Rochdale?
Rochdale’s rental demand is on the rise, making it an attractive option for buy-to-let investors. A couple of factors are contributing to this demand:
- High demand, low supply: The United Kingdom is facing a rental supply shortage, with demand in Greater Manchester towns like Rochdale increasing. Tenant demand remains significantly higher than pre-pandemic levels, while the supply of rental properties is still low. This imbalance has caused rents to soar, making Rochdale an excellent location for investors seeking consistent rental income.
- New developments: Rochdale is undergoing substantial housing development with plans for around 10,000 new homes, particularly due to the increasing family rental demand. These new properties are appealing to tenants because of their modern designs, new appliances, and energy efficiency, which could also benefit owners through lower maintenance costs.
- Strong regional trends: Rental prices in the North West, including Rochdale, have been on the rise. We anticipate that this trend will continue into 2024, with expected rent increases of around 5%.
What are the best BTL areas in Rochdale?
The best buy-to-let deals in Rochdale are in areas that offer strong rental demand, excellent transport links, and proximity to local attractions. Here’s a list of locations expected to attract investors:
Rochdale Town Centre
The heart of Rochdale is undergoing significant regeneration, making it one of the prime locations for investment. The development of the Rochdale Riverside shopping and leisure complex is expected to further enhance the area, increasing demand for residential and rental properties. The town centre also boasts excellent public transport links, including bus and tram connections to Manchester.
Milnrow
This area is located just north of Rochdale and offers a more suburban atmosphere with good local shops, schools, and parks. It is also well-connected to Manchester via the M62 motorway and a direct rail link. This area tends to attract families and professionals, providing steady demand for rental properties.
Littleborough
Littleborough is a village just east of Rochdale that offers a blend of proximity to urban amenities and rural charm. It benefits from excellent train links to Manchester, making it ideal for commuters. This area has grown in popularity as renters seek a quieter, more affordable alternative to living in the city.
Shaw and Crompton
Although Shaw and Crompton is slightly further out, it offers affordable housing options with good transport links to Manchester. The area is known for its strong community feel and is attracting more families and tenants looking for lower-cost rental options.
Newhey
Newhey is situated just south of Rochdale and is a quieter area with a mix of housing types and easy access to the Pennines for outdoor activities. The local schools and shops also make it appealing to families seeking more space. It offers competitive rental returns and is well-connected by bus and rail.
Is Rochdale a good place to invest in property?
Rochdale is regarded as a good place to invest in property, particularly if you are considering buy-to-let opportunities. The factor that will most influence your decision to invest is the price, and the good news is that the average price of a house in Rochdale is significantly lower than in the rest of the UK!
Invest in Rochdale
Discounted property with high yields
Transparent & honest throughout the process
We’re property experts with years of experience
Investment opportunities tailored to your requirements
Simply put, we can get you the best deal and help you achieve the highest possible yield.
We have a combined 200 years experience in the industry & know a good deal to pass to our investors when we see one. We’re part of a group of companies in which we also buy properties for well below market value, and we can pass some of these discounts on to yourself.
Why you ask? We want the investment to work for you, because we want to forge a long term relationship, so when you’re looking to expand your property portfolio you’ll come directly to us in the future.
FREQUENTLY ASKED QUESTIONS
Have we missed something?
Below we’ve collated some of the most commonly asked questions about property investment in the Manchester area and answered them, that being said, if you still have questions, feel free to get in contact and we’ll do our best to assist.
Typically as a rule of thumb, it’s considered that around 7% yield is considered to be a very good figure for a buy to let.
Working out yield is pretty straight forward, you times the monthly income by 12 and divide it by the price which you bought the property.
As an example:
(£500pcm x 12) = £6,000 / a property purchase price of £100k = 0.6 (6%)
There’s no right or wrong answer to this. It depends on you personally and what you want to get from your investment, this is something we would be happy to talk through, understand and advise.
We strongly believe that investing in property is always worth it. If you look at the trend of property prices over a long duration of time, it’s always going up, regardless of a few peaks and troughs here and there. Over the duration between buying and selling your property, you can also get a monthly income for it, it’s a win win!
FREQUENTLY ASKED QUESTIONS
Have we missed something?
Below we’ve collated some of the most commonly asked questions about property investment in the Manchester area and answered them, that being said, if you still have questions, feel free to get in contact and we’ll do our best to assist.
Typically as a rule of thumb, it’s considered that around 7% yield is considered to be a very good figure for a buy to let.
Working out yield is pretty straight forward, you times the monthly income by 12 and divide it by the price which you bought the property.
As an example:
(£500pcm x 12) = £6,000 / a property purchase price of £100k = 0.6 (6%)
There’s no right or wrong answer to this. It depends on you personally and what you want to get from your investment, this is something we would be happy to talk through, understand and advise.
We strongly believe that investing in property is always worth it. If you look at the trend of property prices over a long duration of time, it’s always going up, regardless of a few peaks and troughs here and there. Over the duration between buying and selling your property, you can also get a monthly income for it, it’s a win win!
WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
