Regeneration
Prospective property investors should take note of ongoing and planned regeneration schemes in their areas of interest because it’s a good indicator of future tenant demand and capital growth. Rochdale has benefited massively from previous projects, transforming the area after the decline of the town’s textile industry and subsequent economic slump.
Rochdale has many ongoing regeneration projects in the pipeline. This includes town centre schemes such as Upperbanks, the Town Hall and surrounding area restoration, and the ‘levelling up’ of Rochdale Railway Station.
HPARK in Heywood has been called the biggest ‘sustainable development opportunity’ in the North West, and permission was secured earlier this year for an expansion to the massive site. The development’s location is perfect for taking advantage of the M62 and the region’s motorway network. This is part of the wider South Heywood Masterplan that will bring new homes and amenities to the area and create jobs.
Location and Transport Links
Rochdale can provide its residents with convenient access to natural beauty spots, as it is located at the foothills of the Pennines and near the Peak District. It also has excellent transport links to major cities like Manchester and other Greater Manchester towns through public transport networks such as trams.
It’s strategically located near other towns like Oldham, Bury, Bolton, and Middleton, making it an opportunity-rich area for locals.
