With the redevelopment of Stockport Interchange well underway, what does it mean for Landlords looking to invest in Stockport?
Construction of the Stockport Bus Station is a welcome addition to the changing Stockport landscape and brings along with it a 2 acre rooftop park offering some much needed green space in the centre of Stockport. The park will be the first new park for decades and as we saw during the pandemic, the need for green space is desirable for tenants looking for their next home. Construction of a high rise residential block comprising of 196 high quality apartments will bring a change to Stockport’s rental market. With more bars, shops and independent restaurants opening in the area, the new wave of renters are ditching the City Centre lifestyle to live in the area with all it has to offer. With Stockport train station on your doorstep, Manchester city centre is a mere 10 minutes away.
With fewer properties hitting the market, there is an abundance of applicants looking to rent in the area. Good news for landlords, especially with rents on the up!
Neighbouring Stockport Interchange, you have the re-development of Wier Mill. A project by Capital & Centric. This will further the opportunity to get your hands on high end apartments with commercial units and retail space in the development. This addition will attract renters into the area creating a community feel as seen in areas such as Ancoats in the City Centre.
If you are a landlord looking to invest in the Stockport area, now is the time. Give myself a call on 0161 474 8668 to discuss the BTL market and how I can assist yourself with your future purchases or current property portfolio in the area.