Although it is only six miles East of Manchester city centre, Dukinfield has been largely overlooked by property investors. The main reason for this is that it is not on the Metrolink. Now, however, the expansion of Manchester airport and the growth in remote and hybrid working has put Dukinfield very firmly on the property-investment map.
Even without the Metrolink, Dukinfield is already popular with families mainly due to its good nurseries and schools (both primary and secondary). The area has a decent range of everyday services and is only a short bus (or car) trip from Ashton-under-Lyne which offers more facilities and the Metrolink.
Currently, properties in Dukinfield have an average sales price of £156,488. Terraces properties are the most affordable with an average sales price of £126,113. Semi-detached properties have an average sales price of £169,034 and detached properties have an average sales price of £258,679.
Average rental yields in Manchester are currently around 5.5% but the low property prices in Dukinfield mean that property investors could potentially achieve a lot more. They could also benefit from significant capital appreciation.
The expansion of Manchester airport is expected to increase demand for property in the area. Dukinfield could also become an attractive destination for people who mainly work remotely, but still need to commute to central Manchester occasionally.
Overall, however, the basic tenant profile is likely to stay much the same. Dukinfield is still most likely to appeal to families and younger professionals who are already established in the local area. This means that tenants are generally people who intend to stay for an extended period.
Dukinfield itself has a fairly standard range of retailers and local facilities. There is much more on offer in nearby Ashton-under-Lyne as well as Manchester airport and Manchester city centre. Dukinfield itself is a place for people who want to be surrounded by nature including several canals and Swallows Wood.
|1||£67,500 (2)||N/A||£125,000 (2)||N/A|
|2||£100,000 (1)||£109,758 (60)||£164,556 (18)||£165,000 (2)|
|3||£153,000 (3)||£143,939 (33)||£177,826 (53)||£223,800 (5)|
|4||N/A||£154,625 (4)||£199,800 (10)||£288,269 (13)|
|5||N/A||£175,000 (1)||£213,500 (2)||N/A|
|2||£589 (3)||£611 (7)||N/A||£625 (4)|
|3||N/A||N/A||£734 (5)||£790 (3)|
Property statistics provided by PropertyData.
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