Located about 10 miles to the NorthEast of Manchester city centre, Rochdale is right at the end of the Metrolink and has its own railway station. Journey time is about 15-20 minutes. Rochdale also has an extensive bus service and easy access to the M62/M60.
Although Rochdale has a lot of commuters, it also has its own, defined, local economy. The reduction in manufacturing has been counterbalanced by the growth of the logistics sector. There is also the Kingsway Business Park. This covers 0.66-square-miles and is home to major names such as JD Sports. It has its own, dedicated stop on the Metrolink.
Currently, properties in Rochdale have an average sales price of £160,420. Terraced properties are the most affordable with an average sales price of £114,780. Semi-detached properties have an average sales price of £158,528 and detached properties have an average sales price of £278,578.
Rental yields in Greater Manchester as a whole are around 5.5%. In Rochdale, however, yields of 9%+ are perfectly achievable. This is essentially because property is still very affordable but demand is strong. Not only is Rochdale popular with commuters, but it is also popular with people who want to live as close to their work as they can.
There is demand both from young adults, (singles and couples but pre-children) and also from families. This means that most types of property can be considered as investment purchases.
Rochdale has all the practicalities well covered. Leisure amenities are very much orientated towards sport, especially football, rugby, cricket, golf and speedway racing. That said, there’s also a decent range of restaurants, bars and pubs and general nightlife.
| Date | Capital Growth | Change |
|---|---|---|
| Nov 2020 | £184,984 | 6.7% |
| Nov 2019 | £173,336 | 2.3% |
| Nov 2018 | £169,515 | 4.7% |
| Nov 2017 | £161,971 | 4.2% |
| Nov 2016 | £155,517 | 1.6% |
| Nov 2015 | £153,004 |
| Bedrooms | Rental Yields |
|---|---|
| 0 | N/A |
| 1 | N/A |
| 2 | N/A |
| 3 | N/A |
| 4 | N/A |
| 5 | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £52,890 (5) | £103,250 (2) | £175,000 (1) | N/A |
| 2 | £68,750 (2) | £91,393 (64) | £110,300 (30) | £197,417 (6) |
| 3 | £39,950 (1) | £121,855 (31) | £162,496 (86) | £275,678 (25) |
| 4 | N/A | £195,250 (6) | £198,313 (16) | £335,402 (46) |
| 5 | N/A | £219,000 (1) | £212,180 (5) | £447,200 (10) |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £485 (1) | N/A | N/A | £680 (3) |
| 2 | £650 (1) | £650 (4) | £617 (3) | N/A |
| 3 | N/A | £793 (1) | £824 (9) | £949 (1) |
| 4 | N/A | N/A | £1,101 (2) | N/A |
| 5 | N/A | N/A | N/A | N/A |
Property statistics provided by PropertyData.
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