Located five miles to the East of Manchester, the former market town of Audenshaw has become increasingly popular with property investors. Audenshaw is on the Manchester Metrolink and is just nine stops from Piccadilly. There are also several buses which make the trip to the city centre. The average journey time is about half an hour.
Audenshaw is popular with families mainly because of its high-quality nurseries and schools. There is also a decent range of local retailers and general amenities including sports grounds.
Currently, properties in Audenshaw have an average sales price of £172,303. Terraces properties are the most affordable with an average sales price of £132,186. Semi-detached properties have an average sales price of £196,307 and detached properties have an average sales price of £277,625.
Average rental yields in Manchester are currently around 5.5%. This does, however, vary by area. In Audenshaw, specifically, it’s feasible to achieve yields of 6%+. This is largely because property is still very affordable even by local standards.
It’s also worth noting that residential rentals in Audenshaw tend to attract tenants looking for long-term homes. They may be people with families (or looking to start families). Alternatively, they may be younger professionals who need easy access to Manchester city centre, but still want to live in a quieter location.
Even though Audenshaw is so close to Manchester city centre, it still largely has the feel of the market town it once was. You can get all the everyday goods and services you need locally. There are also plenty of independent, speciality retailers and some excellent pubs.
What you don’t get is the sort of entertainment and leisure facilities you get in nearby Manchester city centre. Instead, Audenshaw is the place to enjoy the outdoors. In addition to is famous reservoirs, you can walk along its canals and spend time in the peace of Swallows Wood.
|1||£80,250 (2)||£110,000 (2)||£85,000 (1)||£225,000 (1)|
|2||£94,033 (12)||£120,137 (105)||£144,791 (73)||£181,400 (5)|
|3||N/A||£152,396 (79)||£186,941 (128)||£237,111 (22)|
|4||N/A||£190,556 (9)||£235,140 (25)||£303,040 (15)|
|5||N/A||£249,667 (3)||£325,878 (2)||£325,000 (1)|
|1||£521 (6)||N/A||N/A||£505 (2)|
|2||£625 (7)||£621 (8)||£746 (7)||£759 (4)|
|3||N/A||£689 (2)||£827 (9)||£849 (3)|
|4||£494 (1)||N/A||£949 (2)||N/A|
Property statistics provided by PropertyData.
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.
Call: +44 (0) 161 327 1858