Although it’s less than five miles SouthEast of Manchester city centre, Reddish misses out on the Metrolink. Instead, it has a train station. In fact, technically it has two, but one is used almost exclusively for freight. Journey time from Reddish North to Manchester Piccadilly is between 10 and 15 minutes. Reddish also has an extensive bus service and is just off the M60.
The transport links to Manchester (and Sheffield) mean that Reddish is largely a commuter town. That said, it does have quite a vibrant local economy. There aren’t many large employers in the area, but there are a lot of recognizable brand names and numerous independent, small businesses.
Currently, properties in Reddish have an average sales price of £169,309. Terraced properties are the most affordable with an average sales price of £158,509. Semi-detached properties have an average sales price of £182,739. There are no records of sales of detached properties in Reddish during the last year. Currently, however, the average value is £236,773.
Rental yields in Greater Manchester as a whole are around 5.5%. In Reddish specifically, you could feasibly be looking at 6%+. The reason for this is that property prices are still very affordable but demand is high. What’s more, the area’s prospects are looking very promising.
The general Stockport area is becoming more popular and for many people, Reddish hits the sweet spot of reasonable prices, decent transport links and a good range of local services.
Reddish has a decent range of practical services and everyday retailers as well as some very decent speciality shops, restaurants and pubs. It’s also near Reddish Vale country park and Reddish Vale Golf Club.
|1||£76,000 (1)||£165,000 (2)||£130,000 (1)||N/A|
|2||£118,250 (8)||£136,598 (101)||£154,321 (33)||£225,000 (1)|
|3||£113,000 (2)||£164,793 (67)||£181,820 (85)||£236,181 (8)|
|4||N/A||£147,500 (2)||£221,500 (6)||£288,817 (6)|
|5||N/A||N/A||£345,000 (1)||£330,000 (1)|
|2||£720 (14)||£657 (15)||£687 (2)||£726 (2)|
|3||£949 (1)||£786 (7)||£931 (8)||£724 (1)|
Property statistics provided by PropertyData.
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