After speaking with a few homeowners and landlords who are considering making a cash flip from buying cheap, refurbishing and putting a property back onto the market, I delved into each town in Tameside’s property market to find where the cheapest Tameside properties can be found and whether or not there is a trend to be spotted. This week, I’ll be kicking things off in Ashton-Under-Lyne.
My advice to those looking to buy property; whether it be to occupy, refurbish or as a buy-to-let, is always to take a step back and look at the bigger picture. We’ve all fallen in love with a property before (be it in person or simply from glancing at photos on Zoopla and OnTheMarket), only to discover the area is a tad run down from lack of investment, poor transport links or next to no amenities.
These factors however typically have an impact on property prices. Tameside properties are always going to be more expensive if they are desirable in style, nestled away from the bustle of our towns or offer a range of conveniences such as being situated within an ideal distance of highly rated schools.
So in order to cash in on a great property deal, you may have to go against your preferences or instincts to find the cheapest ones. Thankfully for you as a reader of the Tameside property blog, I’ve already done some of the leg work for you.
Featuring a mix of residential properties, shops and The Heys primary school, not only is Whiteacre Road one of the cheapest roads in Ashton to buy property on, it’s also one of the most in demand.
Personally managing some of my landlord’s properties on this very road, they are amongst some of the rental stock that get snapped up the quickest in Ashton by Tameside tenants. Unconventionally however despite the demand, properties on this road are amongst some of the cheapest in Ashton with an average price of £75,992.
Within walking distance into Ashton town centre, Tameside General Hospital and benefiting from a great proximity to local amenities, schools and colleges, there are plenty of benefits to home-owning / owning a buy-to-let property on this road.
Situated closer to Tameside Hospital than Whiteacre Road, Alexandra Street is much quieter with no amenities or schools in comparison to the former example.
Comprising mainly of standard terrace property stock, the average price for a property here is £70,009, well within the affordability of first time homeowners and buy-to-let landlords.
The last property to sell on the street sold for £81,000 in June last year, a typical 2 bedroom mid terrace with plenty of potential.
Connecting to Whiteacre Road, Egerton Street is well positioned as a residential street, offering everything a homeowners or tenant could need within walking distances.
Comprising of a range of two and three bedroom terraces, the street follows very much the same formula as Alexandra Street posing great potential for first time homeowners and buy-to-let landlords.
When it comes to the average price of a property on Egerton Street, it takes the crown for the cheapest thus far with an average price of £69,598.
The last property to sell on the street sold higher than the average price for a figure of £76,000, which is to be expected being an end terrace property.
The final place I looked at for some of the cheapest properties in Ashton is Kenworthy Avenue. Whilst holding a slightly higher average price bracket than the other results thus far, (£72,555) this can be attributed to a diversity of properties in comparison. Alongside the typical two and three bedroom terraces, there are a number of semi-detached properties that also reside on the avenue; pushing the average cost up.
The last terrace property to sell on Kenworthy Avenue, a two bedroom property, sold in November 2017 for £64,500, highlighting that you can still obtain some properties on the lower end of the pricing scale.
The last semi-detached property to have sold on Kenworthy Avenue on the other hand sold for £81,500 in 2015 (interestingly to note, it had not recovered from the recession at the time with it’s pre-credit crunch sale price of £97,000).
So what can we take away from this?
First and foremost, many of Ashton’s roads within close proximity to the town centre comprise of a range of reasonably priced terrace properties. The further you stretch out from the town centre, the higher the prices go, particularly if you head in a Mossley or Stalybridge direction.
Regular visitors to my Tameside property blog will note I have always given my sympathies to the generation who are finding it increasingly difficult to get a foot on the property ladder. Are they perhaps being too picky however, as there are clearly properties to be found in the town well south of the £100,000 mark.
Of course you could argue their personal preferences and even in some cases, work needing to be done to some of the properties will contribute to this.
For buy-to-let landlords and property investors however, my findings have shown that there are plenty of properties and a great number of streets and roads in Ashton-Under-Lyne offering excellent resumes as buy-to-let candidates.
If you want to know more about my findings on the cheapest properties in Ashton-under-Lyne (and believe me, there were far too many to compile into a blog post without it stretching into dissertation length!), please don’t hesitate to give me a call on 07709 505 442.
Stay tuned to the Tameside property blog over the coming weeks as I take a look at where else you can find the cheapest properties in Tameside and for how much.