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Unlocking the Potential: Your Comprehensive Guide to Investment Property in Stockport

Property Investment in Stockport

Stockport, nestled between the vibrant city of Manchester and the serene countryside of Cheshire, has emerged as a promising locale for property investment, particularly in buy-to-let properties. Its strategic location, coupled with a rich industrial history and a bustling local economy valued at £6.2 billion GVA, sets a favorable stage for property investors​.

Investment Potential and Property Market

Is Stockport a good place to invest in property?

Stockport’s appeal lies in its proximity to Manchester, excellent transport links, and a variety of investment opportunities ranging from traditional terraces to luxury apartments. The town is undergoing a £1 billion regeneration plan, hinting at a bright future for property investors.

Why invest in Stockport?

The ongoing regeneration, coupled with new developments like Milliners House, a block of twenty-two luxury apartments, signals a town on the rise. Stockport’s property market is growing fast, offering a range of investment options starting from just £130,000​.

Is Stockport on the rise?

With about 1,000 new homes emerging post the success of the Stockport Exchange scheme, the town is indeed on an upward trajectory. This growth is further propelled by exciting regeneration projects that are reshaping the town’s skyline and attracting more investors.

Comparative Investment Insights: Stockport vs Manchester

While Manchester remains a robust market for property investments, Stockport’s lower entry barriers and promising returns present a compelling alternative for investors.

Property Investment in Stockport   Property Investment in Stockport

Living in Stockport

Is Stockport a good place to buy a house?

The town offers a mix of suburban tranquility and urban convenience, making it a desirable place for families and young professionals alike.

Is Stockport a nice area to live?

With its vast green spaces and proximity to the Peak District, Stockport provides a serene living environment while still being close to the hustle of Manchester.

What are the best areas in Stockport?

Areas like Bramhall, the Heatons, and Cheadle Hulme are highly sought after due to their good transport links, local amenities, and proximity to Manchester​.

Property Investment & Development Services    Property Investment in Stockport

Economic and Social Aspects

Quick facts:

  • Stockport’s economy is buoyed by key industries such as retail, healthcare, financial services, and manufacturing.
  • Notable employers include Music Magpie, Stagecoach, and Adidas.
  • The town boasts a homeownership rate higher than the average for the area, indicating a strong demand for property​.

Property Investment in Stockport    Property Investment in Stockport

Developments and Infrastructure

What’s being built in Stockport?

The ambitious £1 billion regeneration plan is set to bring about vast changes, including the addition of around 1,000 new homes, office spaces, a hotel, and leisure facilities, transforming the town into a modern urban center​.

Property Investment in Stockport         Property Investment in Stockport

Housing Benefits and Local Policies

Understanding Local Housing Allowance:

Investors should familiarise themselves with local housing policies to ensure a smooth investment journey.

Stockport have a local housing allowance scheme (LHA) for tenants that rent from private landlords.

Who is the housing allowance paid to?

Most Housing Benefit payments are made directly to your tenant. This means they’re responsible for paying the rent to you. You will not be asked to repay overpayments where a tenant receives Housing Benefit payments.

There may be occasions when the Local Housing Allowance (LHA) payment should be paid direct to you, as the landlord. Safeguards have been put in place if this is needed.

How can I find out more about the Local Housing Allowance for private landlords in Stockport?

The council have a full guidance section for private landlords split into 5 areas. You can check the Guidance for Landlords in Stockport here.

Property Investment in Stockport    Property Investment in Stockport

Contact and Local Authorities

Who are the local authorities in Stockport?

The local authority for the area is the Stockport Metropolitan borough council. To find out more about the local area and planned developments and policies visit the Invest page here.

How do I contact Stockport Council?

If you visit the Stockport council website here you will find handy links for each area of the council including housing.

 

Investing in Stockport – Conclusion

Stockport’s strategic location, burgeoning property market, and the ongoing urban regeneration projects make it a hot spot for property investment. With a range of investment options to choose from, now might be the opportune time to explore what Stockport has to offer.

 

Explore More With Aligned: Your Gateway to Stockport’s Investment Opportunities

Stockport’s property market is bustling with potential. If the idea of investing here intrigues you, there’s much more to discover. Tony and Paige at Aligned are well-versed with the local market and are keen on sharing their insights with you. With a simple, no-obligation conversation, you can delve deeper into what makes Stockport a promising venture and how you can navigate its property landscape effortlessly.

Whether you’re a seasoned investor or just starting, a conversation filled with local insights could just be the spark you need. Reach out to Tony or Paige at Aligned for a friendly chat.

Contact Tony or Paige

Tony Houlihan
Founder & Director at Aligned Property Services | + posts

With a background in Procurement and a passion for property, Tony has been actively involved in the property sector since 2013. He took the leap in 2018 to focus on property development and has since developed over 25 homes, both new builds and conversions, across the North West.

Tonys’ goal is to make property easier for everyone, by connecting people with the right experts and knowledge to achieve their property goals, be that a bit of surplus income on the side or a full time career in their chosen area.

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