WARRINGTON
Retail Haven
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The town offers many facilities for shopping, nightlife, culture and leisure activities, with a varied and active events programme hosted by the Parr Hall and Pyramid Arts Centre. Golden Square Shopping Centre in the town centre is a magnet for shopaholics, and one of the largest Marks & Spencer stores in the UK is located at Gemini Retail Park.
Workforce Volume
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Businesses in Warrington benefit from access to one of the largest labour pools in the UK. There are 3.5 million people within a 30 minutes’ drive time of Warrington and 6.2 million people within 45 minutes’ drive time.
Quality of Life
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Warrington provides an excellent quality of life for relocating staff. It is underpinned by a comprehensive range of affordable housing, to suit all tastes and requirements. The average house price in Warrington is £182,706 compared to the national average of £226,906 (Gov HPI Apr 2018).
Warrington has fast become a property hotspot, spurred on by the Northern Powerhouse vision which has created a major shake-up of the north and its key areas. Whilst cities such as Manchester and Liverpool will always remain in high demand from investors, thriving towns such as Warrington are fast making a name for themselves as prime locations for high yields and capital growth.
A Perfect Positioning
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Transport links play a vital part of establishing a good investment location - good links can be the difference between a successful buy to let property, or a poor performing one.
Warrington is right in the heart of the north’s major transport networks ensuring that almost anywhere in the UK is easily accessible from this town and tenants always have adequate transport options, regardless of where they commute to.
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Originally part of Lancashire, Warrington is now located in the county of Cheshire. Conveniently situated between two of the UK’s major cities, Warrington offers great potential for working professionals and property is in high demand. Nestled between Manchester and Liverpool, both cities are easily accessible from Warrington by car or train within less than half an hour. Key motorway networks such as the M6, M56 and M62 form a partial box around the town and allow sufficient transport links for these cities as well as other surrounding areas such as Chester and Bolton. Plus, its two major train stations, Central and Bank Quay form direct links to Manchester, Liverpool, Edinburgh and London.
Tenant Demand
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With an estimated population of over 200,000, Warrington has been a key focus for economic growth and has even been named as having one of the strongest performing economies in the North West. Additionally, a £15 million “growth deal” from the Government looks set to attract an estimated £280 million of private investment to the area.
This will create over 250,000 jobs in the next 10-15 years which, as a result, will attract more residents to the area.
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Warrington has many interesting attractions – the town’s Cultural Quarter is home to museums, libraries, art galleries and concert venues, as well as several new bars and restaurants that attract a young, affluent clientele to the area. As a result, property demand has increased and there are several new residential developments that compliment this surge of young professionals. As the towns’ growth continues, demand is likely to increase further and the need for quality rental property will continue to rise.
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Capital Growth
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Now is the perfect time to invest in Warrington. Despite the recession, this town is one of the few places that managed to recover remarkably quickly and has seen house prices follow an upward curve ever since.
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Named in one of the top 25 postcodes in the country for buy to let, the town’s property market has a healthy mix of both strong yields and capital growth. In 2010, Warrington’s house price growth increased by 7.1%, a remarkable rise given the financial crisis. Since then, prices have continued to rise at a healthy and sustainable rate. From 2013 to 2015, house prices have increased in excess of £10,000, rising from an average price of £136,360 to £147,366 and with more investment planned for the area, Warrington is a town that is soon to be one of the leading towns for buy to let in the UK.