Located seven miles East of Manchester city centre, Hyde is not on the Metrolink but has no fewer than six railway stations to make up for its absence. It also has a major local bus station with services to numerous local destinations, especially along the M60 on which it is located.
Up until recently, Hyde has been of limited interest to property investors. The area could, however, benefit greatly from the growing trend of remote and hybrid working. It is therefore definitely a location property investors should keep on their radar.
Currently, properties in Hyde have an average sales price of £170,491. Terraces properties are the most affordable with an average sales price of £140,944. Semi-detached properties have an average sales price of £184,318 and detached properties have an average sales price of £264,927.
Average rental yields in Manchester as a whole are 5.5%. In Hyde, however, yields of 6% to 7% are perfectly feasible. This is because house prices in Hyde are very affordable compared to other parts of Greater Manchester, especially the city centre.
Currently, most demand in Hyde is from families looking for affordable homes, good schools, decent local facilities, plenty of open space and a manageable commute. Going forward, property investors could also attract local professionals, especially younger ones, looking for work-from-home space.
Clarendon Square Shopping Centre and Hyde Market provide ample retail facilities. There is also a leisure centre with a large swimming pool and a fitness suite. In fact, Hyde is full of sporting facilities with football, boxing and cricket being especially popular. The local Hyde Park offers plenty of green space for casual games, general fun and leisurely walks.
|1||£77,667 (3)||£109,000 (2)||N/A||N/A|
|2||£108,011 (18)||£121,570 (145)||£155,593 (38)||£254,636 (7)|
|3||£185,500 (1)||£148,650 (111)||£189,900 (100)||£282,925 (20)|
|4||£90,000 (1)||£198,009 (8)||£223,594 (16)||£324,152 (30)|
|5||N/A||N/A||£255,000 (2)||£486,250 (4)|
|2||£643 (8)||£647 (19)||£675 (3)||£713 (5)|
|3||£724 (1)||£728 (7)||£855 (10)||£806 (4)|
|4||N/A||N/A||£1,001 (1)||£1,200 (2)|
Property statistics provided by PropertyData.
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