The town with lots going for it that's still affordable - but house prices are rising fast
09.07.2023 - 06:37
/ manchestereveningnews.co.uk
In the midst of the cost-of-living crisis and soaring mortgage rates, one Greater Manchester borough is proving to be in high demand. House hunters who are searching for a more affordable place to live have been flocking to Rochdale over the last year, causing a sudden surge of buyers in the area.
Whilst house prices have been rising across Greater Manchester as a whole, demand in Rochdale has caused prices to climb faster than anywhere else in the region. In April 2022, the average cost of a home here was £176,900, but in the space of a year, this has now jumped up by almost 10 percent to £194,500.
Despite house prices rising fast, the sought-after borough is still considered to be one of the cheapest areas to live in comparison to Manchester, Stockport and Trafford - where the average property costs as much as £362,500.
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Estate agents say that the borough, which covers towns including Middleton, Heywood, Milnrow and Littleborough, is attracting an influx of buyers more recently, thanks to investment in the Rochdale town centre which has made it a more 'desirable' place to live.
"Prices in Rochdale have historically lagged behind other areas due to a lack of investment in the town. Over the last five to 10 years though, we’ve finally seen a huge amount of investment and the town centre has been completely revamped, which has made Rochdale a much more desirable place to live," said Kris Street, manager of estate agent Ryder & Dutton’s Rochdale branch.
"There’s a new shopping centre in the town centre, and a Hilton hotel and new apartments are being built next door. The town also has a nice selection of eateries,