Located six miles East of Manchester city centre, Ashton-Under-Lyne has unbeatable transport links to Manchester city centre (Metrolink, train and road). It’s also conveniently situated for Manchester airport, which is in the process of being expanded.
Ashton-Under-Lyne itself has all kinds of facilities and amenities as well as good nurseries and schools (both primary and secondary). This means that it attracts a wide range of tenants, but its core demographic is still largely families and young professional commuters.
Currently, properties in Ashton-Under-Lyne have an average sales price of £145,730. Terraces properties are the most affordable with an average sales price of £115,187. Semi-detached properties have an average sales price of £161,598 and detached properties have an average sales price of £256,516.
Average rental yields in Manchester are currently around 5.5%. In Ashton-Under-Lyne, however, it’s currently possible to achieve rental yields of 7%+. The main reason for this is that property prices are still very affordable.
This is probably due to the fact that Ashton-Under-Lyne is right at the end of its Metrolink line. The expansion of Manchester airport could, however, push up prices in the area. It’s also worth noting that remote and hybrid workers could be very interested in Ashton-Under-Lyne. Being at the end of the Metrolink is less likely to be an issue if you’re mostly working from home.
Ashton-Under-Lyne appeals to many different tenant groups. Overall, however, the likeliest tenants are families and younger professionals. Traditionally they have been commuters, but this has the definite potential to change.
The centre of Ashton-Under-Lyne is a conservation area filled with original Victorian architecture. There are plenty of leading brand names along with independent retailers, popular local markets and the Ashton Arcades shopping centre. The Ashton Leisure Park includes a cinema, a bowling alley and several restaurants.
| Date | Capital Growth | Change |
|---|---|---|
| Nov 2020 | £155,481 | 5.0% |
| Nov 2019 | £148,032 | 1.8% |
| Nov 2018 | £145,416 | 5.2% |
| Nov 2017 | £138,229 | 3.7% |
| Nov 2016 | £133,272 | 3.4% |
| Nov 2015 | £128,890 |
| Bedrooms | Rental Yields |
|---|---|
| 0 | N/A |
| 1 | N/A |
| 2 | 5.8% |
| 3 | N/A |
| 4 | N/A |
| 5 | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | N/A | N/A | N/A | N/A |
| 2 | £65,000 (1) | £101,560 (84) | £146,250 (8) | £178,600 (4) |
| 3 | £67,000 (1) | £132,545 (33) | £168,045 (51) | £219,777 (9) |
| 4 | N/A | N/A | £221,889 (9) | £277,421 (7) |
| 5 | N/A | £210,000 (1) | £425,000 (1) | £300,000 (2) |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £531 (16) | £451 (1) | N/A | £477 (1) |
| 2 | £586 (12) | £581 (20) | N/A | £693 (4) |
| 3 | £634 (3) | £622 (2) | £757 (6) | £1,101 (1) |
| 4 | N/A | N/A | N/A | N/A |
| 5 | N/A | N/A | N/A | N/A |
If you would like further details about Portfolio8 or any of our property investment opportunities, please contact us using the form below or call us directly.
Any Questions?
Call: +44 (0) 161 327 1858
