The Hidden Gem of Cheshire
Congleton, a small market town nestled in the heart of Cheshire, boasts a unique blend of history, culture, and natural beauty. Known as the gem of the Northwest, Congleton’s rich past attracts tourists, while its evolving contemporary character entices many to set up home.
Congleton’s Strong Rental Market
Over the past 12 months*, Congleton has seen a significant increase in rental yields, with the average rent achieved for homes let at £711 per month, representing a +7% change on the previous 12-month period. This steady rise in rental yields, driven by a growing demand for rental properties, makes Congleton a promising area for landlords.
Houses in Congleton are in high demand, achieving an average rent of £811 per month, whereas flats have secured an average rental value of £555 per month. This diverse range in property types offers landlords various investment opportunities.
The Appeal of Congleton
Situated by the River Dane, with easy accessibility to Manchester and Birmingham, Congleton provides a rural lifestyle without the isolation. Excellent local schooling options and recreational facilities, such as the award-winning Astbury Mere Country Park, heighten the area’s desirability among families, making it a rental hot spot.
Congleton’s Growing Population
In 2021, Congleton had a population of 76,384 people*. This figure represents a substantial increase of 7.0% over the decade from 2011 to 2021. Furthermore, Congleton boasts six residents per hectare, indicating a higher population density than the region as a whole.
This population growth, combined with Congleton’s idyllic setting and accessibility, ensures a consistent demand for rental properties. As the town continues to grow and develop, landlords can expect this demand to increase further.
Future Growth and Development
Congleton’s local economy is on the rise, with multiple development projects bolstering the town’s appeal and property values. The £90 million Congleton Link Road project, for instance, has significantly improved local transport infrastructure.
The burgeoning technology sector in Congleton is enhancing its economic profile. As innovative businesses flock to the area, the town’s growth potential becomes increasingly appealing to landlords seeking a future-proof investment.
The Attractive Buy-to-Let Market
Congleton’s buy-to-let market offers an excellent opportunity for landlords. With property prices relatively affordable compared to other parts of the UK, the entry point for investment is lower, yet the strong rental demand leads to attractive rental yields.
The significant capital appreciation potential, combined with the consistent rental income, makes Congleton’s buy-to-let market a sound investment choice.
The Ideal Investment Opportunity
Whether you’re a seasoned landlord looking to diversify your property portfolio or you’re considering your first buy-to-let investment, Congleton presents an attractive proposition. Its robust rental market, coupled with future growth potential and a consistently increasing population, makes Congleton an ideal location for investment. As the town continues to develop and grow, the rewards for landlords are set to increase.
Your Local Expertise
At Belvoir Congleton we understand the local property market. Our team of experts live and work in Congleton, giving us an unrivalled understanding of the area. Whether you’re a seasoned landlord looking to expand your portfolio or a first-time investor seeking expert advice, we’re here to guide you every step of the way. Take advantage of our knowledge, experience, and personal approach to navigate the Congleton property market. Contact us today to discover the lucrative investment opportunities waiting for you in Congleton.
*Data derived from Dataloft Inform and is correct at the date of research and publishing June 2023.
