With investors seeking higher rental yields from throughout the Greater Manchester region, the east Manchester suburb of Denton has increasingly appeared on the investors radar over the past 12 months. Convenient transport links such as the M60 motorway, and the A57 will take you straight to the city centre in just 20 minutes.
Denton’s popular town centre is home to a number of good schools, and the large Crown Point shopping centre is a major retail destination for the East Manchester region.
Average house prices in Denton start at around £120,000, however larger detached properties in Denton can command upwards of £350,000.
This is a great opportunity for investors hoping to find properties that have a huge demand from tenants who wish to stay close to the city centre but are happy to commute from surrounding areas.
It’s also worth appreciating that this kind of demand usually increases tenancy terms as families and young professionals build their roots within the Denton area and so continue to buy property as they establish their career and family life just outside of the city.
As Denton is a popular area with tenants, you could potentially see rents of between £600-£650 pcm for a 2 bed-terrace with larger properties of up to 4 bedrooms could potentially generate in the region of £1,000 pcm.
Whether you live in Denton or are just visiting, it’s worth stopping by the ever-popular high-street which is always busy with shoppers enjoying the local amenities and large shopping centre; Crown Point North. The area also has plenty of history associated with it making it a great place for enthusiasts to enjoy the historical architecture and references that can still be visited today.
Investors might also be interested to know that the Denton area brings in plenty of sports fans. With its three semi-professional cricket clubs, both local residents and those who live and commute from the city may have one eye on the local area in order to snap up the perfect property that provides them with the kind of lifestyle they wish to enjoy.
| Date | Capital Growth | Change |
|---|---|---|
| Nov 2020 | £182,722 | 3.9% |
| Nov 2019 | £175,924 | 2.7% |
| Nov 2018 | £171,266 | 6.1% |
| Nov 2017 | £161,478 | 5.1% |
| Nov 2016 | £153,706 | 5.8% |
| Nov 2015 | £145,227 |
| Bedrooms | Rental Yields |
|---|---|
| 0 | N/A |
| 1 | N/A |
| 2 | 5.5% |
| 3 | N/A |
| 4 | N/A |
| 5 | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 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) |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 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 |
| 5 | N/A | N/A | N/A | N/A |
Property statistics provided by PropertyData.
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