Tuesday 13 April 2021
The Manchester commuter town of Eccles, which is just eight minutes by train to central Manchester, is a value proposition for any property investor looking for their next buy to let property investment.
This up-and-coming town is ideally suited to professional tenants looking for a quick and easy commute into the city and offers strong capital growth prospects and excellent rental yields to investors.
With commuter zones around UK cities seeing an upturn in popularity with renters, towns such as Eccles are growing in popularity. This increase in housing demand has caused a lack of supply throughout the city, creating a great opportunity for property investors.
Eccles was named property hot spot of 2020, with prices rising faster than anywhere else in the UK, averaging an increase of 16%. (Source: Rightmove)
Property values and rental prices are predicted to increase as has been seen in both Manchester city centre and Salford. This value has begun to move into Eccles through 2020 so this makes now the perfect time to invest.
Affordable Town for Buy to Let Property Investment
What makes a commuter town like Eccles such a good investment opportunity is that prime property prices in the town are up to 50% cheaper in comparison to Manchester City Centre. This low price point but excellent location makes this an ideal town for buy to let property investment. You can benefit from high levels of tenant demand and generate strong yields that rival City Centre apartments.
World class city
Eccles sits right on the doorstep of Manchester, a world class city offering a fantastic environment for businesses and people. With global transport connectivity, great talent and high-quality business properties, Manchester is home to a £62.8 billion economy. It is one of the UK’s fastest growing regional cities, making it a first-choice investment destination for many leading international names.
Manchester Airport flies to 225 destinations, has 29 million passengers per year and a £1bn expansion scheme is underway. HS2, the high-speed train link; the fastest train in Europe, will mean that you can get from Manchester to London in just 57 minutes.
Eccles – Manchester’s fastest growing suburb
Eccles is Manchester’s fastest growing suburb. High-paying local employers such as the BBC, good public transport connections to the city centre, affordable property, a high street dominated by independent business and nearby open-air amenities, have all helped Eccles thrive, transforming into an urban community.
Eccles really is one to watch for a buy to let property investment. During lockdown people have sought out a more spacious green life out of the city and working routines have changed to be more flexible, with more working from home. This means that commuter towns like Eccles are on the up as people only have to travel into the office a few times a week.
Keep an eye on this commuter town. It will bring strong rewards for property investors over the coming years.