Ashton-Under-Lyne: Investment Area Focus

Why Invest in Ashton-under-Lyne

Ashton-under-Lyne is an attractive area for property investment due to its affordable house prices and increasing tenant demand. With excellent transport links to Manchester and other nearby cities, it is a popular choice among commuters. The town offers a strong sense of community, local amenities, and green spaces, all of which appeal to renters. Ongoing regeneration projects indicate potential property value growth, making Ashton-under-Lyne a solid choice for investors.

Average House Prices in Ashton-under-Lyne

According to the latest data from Rightmove, properties in Ashton-under-Lyne had an average price of £199,234 over the last 12 months. Most properties sold in the last 12 months were terrace houses, with an average selling price of £157,351. Detached properties, unsurprisingly, had the highest average sold price of £342,932, with semi-detached properties sitting in the middle at £227,298.

This strong demand for terrace properties in particular bodes well for investors looking for buy-to-let opportunities, especially as these properties require a smaller initial investment.

Typically, investors can expect to purchase a two up two down terrace property with a patio for anywhere between £120,000 and £140,000 and rent these properties out for an average of £950pcm, generating a gross yield of between 9.5% and 8.14%.

Transport in Ashton-under-Lyne

Ashton-under-Lyne has excellent transport links to Manchester, Oldham, and Stockport. The M60 and A635 provide quick access to major destinations, making it an ideal location for commuters. The town is also well-served by bus routes, providing frequent services to nearby towns and cities. Additionally, Ashton-under-Lyne Railway Station offers regular services to Manchester City Centre in less than 30 minutes, making it convenient for those commuting to the city.

Education in Ashton-under-Lyne

Ashton-under-Lyne boasts several well-regarded schools, both at primary and secondary. Canon Burrows CE Primary, St Christopher’s RC Primary, and Holden Clough Primary are highly rated by parents. For secondary education, Great Academy Ashton and St Damien's High School provide strong options for families in the area, with the latter being rated Outstanding by Ofsted. Clarendon College boasts a 100% pass rate after opening in 2015, offering a wide range of courses, whilst Ashton Sixth Form College and Tameside College are also great options. The variety of good schools and colleges make Ashton-under-Lyne an appealing location for families looking to rent.

Amenities in Ashton-under-Lyne

Ashton-under-Lyne offers a great balance of urban convenience and green spaces. The town has a selection of modern bars and restaurants, such as The Ash Tree and The Witchwood, both popular for food and drinks. For those interested in more relaxed outings, The Station Hotel is a well-liked traditional pub in the area.

For shopping, Ashton-under-Lyne has a mix of well-known retailers and independent stores. The Ladysmith Shopping Centre and Ashton Arcade are popular destinations for fresh produce, clothing, and household goods. Ashton Moss houses a load of chain restaurants, including Nando’s and also features a cinema and bowling facility, whereas Ashton Snipe retail park has some big brand stores such as B&Q, Curry’s, Pets at Home etc. making it a popular destination for homeowners. The town is also home to large supermarkets, including Asda, Aldi, Sainsburys and M&S ensuring residents have easy access to essentials.

In addition to local shopping and dining options, King George's Playing Fields provides a scenic open space and hosts local running. There's also a Pure Gym in Ashton town centre, and several local sports teams in the area, including Curzon Ashton Football Club as well as Ashton Rugby Club.

Overall, Ashton-under-Lyne is a great place to invest due to its combination of strong transport links to nearby Manchester, excellent amenities, and affordable house prices. These factors make the town an attractive prospect for a variety of renters and a promising opportunity for property investors.

Take a look at our current properties for sale in Ashton-under-Lyne!