Investment Area Feature - Heywood

Why Invest in Heywood

Heywood is an attractive area for rental property investment due to its affordable property 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 Heywood a solid choice for investors.

Average House Prices In Heywood

According to the latest data from Rightmove, properties in Heywood had an average price of £198,607 over the last 12 months. Most properties sold in the last 12 months were terrace houses, with an average selling price of £148,772. This strong demand for terrace properties is a good sign for investors looking for buy-to-let opportunities, especially as these properties require a smaller initial investment.

A two-bedroom terrace property in Heywood can typically be purchased for £125,000 and would achieve a rent of approx. £800pcm, giving a gross yield of 7.6%. A three-bedroom terrace can be purchased for £155,000 and would typically achieve £950pcm, giving a 7.3% gross yield.

Transport

Heywood has excellent transport links to Manchester, Rochdale, and Bury via the M62 and M66 motorways, making it an ideal location for commuters. There are also frequent bus services to nearby towns and cities. Additionally, Heywood Railway Station, offers a heritage route that is set to be expanded for greater connectivity and gets you to Manchester in roughly 30 minutes.

Education in Heywood

Heywood boasts several well-regarded primary and secondary schools. St Luke's CE Primary, All Souls CE Primary, and Harwood Park Primary are highly rated by parents. For secondary education, Siddal Moor Sports College and Holy Family RC & CE College provide strong options for families in the area. The variety of good schools makes Heywood an appealing location for families looking to rent.

Amenities

Heywood offers a great balance of amenities and green spaces. The town has a selection of modern bars and restaurants, such as The Albany Hotel and The Queen Anne, both popular for food and drinks. For those interested in more relaxed outings, The Bay Horse is a well-liked traditional pub in the area.

For shopping, Heywood has a mix of well-known retailers and independent stores. Heywood Magic Market is a popular destination for fresh produce, clothing, and household goods. The town is also home to large supermarkets, including Morrisons and Tesco, ensuring residents have easy access to essentials.

In addition to local shopping and dining options, Queen's Park provides a scenic escape with walking trails, a play area, and a lake—offering an ideal outdoor space for families and nature lovers.

Overall, Heywood is a great place to invest due to its combination of strong transport links, 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.