Stockport Is A Smart Buy To Let Choice
While some landlords and investors have personal reasons to set up in a location, many people are flexible as to where they should be. If you don’t want or need to be a hands-on landlord, you will find that you can purchase property anywhere around the country or even beyond.
If you are solely focused on enjoying the best return on your investment, you should consider the rental yield. This is an immediate figure that allows you to narrow down your options if you are looking for places where you should invest your money. You will also find that the Buy To Let index report published by LendInvest is of benefit and interest to landlords looking to find the ideal location to purchase property.
The index centres on England Wales and there are four metrics considered:
Rental Price Growth
Capital Value Growth
Given the change in behaviour in the property market of late, it will come as no surprise to learn that the south of England is no longer as appealing or as attractive as it once was. However, there are many attractive places in the North of England and Stockport is sitting in second placed in the rankings. The fact that Stockport sits above Manchester will be a source of immense pride for local people and businesses.
Stockport has a fresh look and there is significant demand
Stockport has evolved considerably in recent times and the town centre has a whole new look. There is a rising level of demand for property in the area, but there is also an increased level of excitement and interest in what is taking shape in Stockport.
This has been reinforced by LendInvest with Sales Director Ian Boden saying; “This quarter has returned some interesting results. Smaller towns in both the North and Midlands are making swift gains up the table to rival the typical hot spots in each region. Stockport has taken the lead over Manchester this quarter, and Harrogate is in hot pursuit of its larger neighbour Leeds. Looking towards the centre of the UK, Midlands cities Wolverhampton and Peterborough have smashed into the Top 10, joining successful regional capital Birmingham. The growing opportunity for BTL investors in these regions reflects a knock-on effect of investment in these key cities.”
Stockport has a lot to offer landlords, tenants and property owners
While Stockport may not always sit above Manchester, the fact that it does now is of interest and it proves that there is so much to offer in this part of the country. Peter Anthony is proud to serve in Stockport and Manchester and we appreciate why so many people are looking to find their next home here.
The commute to the heart of Manchester from Stockport is a simple and fast affair, but there is also a lot to like and enjoy in the local area. There is also ongoing development in Stockport, so there will be many more reasons to like local life. If you’re looking for an ideal buy-to-let choice in Stockport, get in touch with Peter Anthony and we will be more than happy to assist you.