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Rochdale Buy-to-Let Guide

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    Everything You Need to Know About Rochdale Buy-to-Let

    Manchester is a sought-after area for property investment, and this attention has also raised the profile of the surrounding towns and suburbs that make up Greater Manchester when it comes to buy-to-let property.

    These areas are not only benefitting from the incredible growth observed over the years in the Manchester property market but also developing and growing in their own right while often having much more affordable property than central Manchester.

    One of these towns is Rochdale, located 10 miles northeast of Manchester. So, is this town the right choice for a Greater Manchester investment? Let’s explore Rochdale’s buy-to-let credentials!

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      Rochdale aerial view

      Buy-to-Let Property Prices in Rochdale

      Greater Manchester is known as a good value area for property investors, especially compared to the South of England, which is typically pricier.

      According to Rightmove, the average property in Rochdale went for £200,439 over the past year. The UK House Price Index states that the national average is £284,691, meaning Rochdale property is generally more affordable when compared to other areas. The average for Manchester is £242,523, so Rochdale could be considered as a cheaper, nearby alternative to buy-to-let property and off-plan developments in Manchester.

      Sold prices in Rochdale are similar to the previous year and 6% up compared to 2021. This stunted growth was typical in 2023, as the overall UK property market was sluggish. However, this looks set to change moving forward as most property forecasts predict a return to healthy growth in the next few years.

      In particular, the North West is set to recover quicker with higher growth than the national average, according to Savills, which is good news for those with an eye on Rochdale and Greater Manchester in general.

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      Rochdale street view

      Buy-to-Let Rental Market in Rochdale

      According to, the average monthly rent in Rochdale is £808. This is significantly lower than the UK average of £1260, per the HomeLet Rental Index.

      A 2023 article from the BBC reported that rents in Rochdale rose by 12% in a year, one of the fastest increases in the country. This suggests that demand is growing in the town, applying upward pressure on rental costs. The ongoing supply-demand imbalance in the UK private rental sector looks set to persist, meaning rental inflation in Rochdale will likely continue.

      There are some chances to target student renters in Rochdale thanks to the Hopwood Hall College and University, but the population is quite limited compared to other student towns.

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      Rochdale street view

      Investment Properties for Sale in Rochdale

      Rochdale is a diverse town for investment properties, from stone-built cottages to modern mansions. Of course, there are standard terraced, semi-detached, and detached houses and apartment buildings, including some large-scale new-build apartment developments in Rochdale town centre. There are late Georgian townhouses for those interested in period properties, and the countryside surrounding Rochdale means there are also farmhouses and barn conversions on the market.

      Rightmove states that terraced properties were the most popular type of property sold in Rochdale during the last year, and they fetched an average price of £143,891. Semi-detached properties sold for an average of £202,655, with detached properties going for £355,104.

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        Rochdale bridge

        Buy-to-Let Investment in Rochdale: Area Breakdown

        The borough of Rochdale includes Heywood, Middleton, Milnrow and Newhey, Littleborough, and Wardle. Rochdale town centre has all the amenities expected of a modern town, and good access to other parts of Greater Manchester. But the borough is also home to beautiful countryside, as it runs along the Pennines.

        Rochdale Town Centre (OL16)

        Average Property Prices in Rochdale town centre (OL16)

        The average property price in this area is £188,230

        Average Rental Yield in Rochdale Town Centre (OL16)

        The average rental yield in this area is 5.01%

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          Rochdale buildings


          Average Property Prices in Castleton

          The average property price in this area is £172,543

          Average Rental Yield in Castleton

          The average rental yield in this area is 5.74%

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          Rochdale river view


          Average Property Prices in Heywood

          The average property price in this area is £208,204

          Average Rental Yield in Heywood

          The average rental yield in this area is 5.08%

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            Rochdale street view


            Average Property Prices in Norden

            The average property price in this area is £290,408

            Average Rental Yield in Norden

            The average rental yield in this area is 4.00%

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              Rochdale church


              Average Property Prices in Milnrow

              The average property price in this area is £205,677

              Average Rental Yield in Milnrow

              The average rental yield in this area is 4.68%

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              Rochdale street view


              Average Property Prices in Wardle

              The average property price in this area is £196,468

              Average Rental Yield in Wardle

              The average rental yield in this area is 4.90%

              (Average property prices were taken from Rightmove in early 2024; rental yield estimates were calculated with figures from in the same period)

              What is the Best Area of Rochdale to Invest in?

              Norden is a sought-after area in Rochdale, but this is reflected in the average property price, which is much higher than the borough’s average. Outer areas such as Wardle and Heywood are similarly priced to more central areas and can offer proximity to the countryside but may be less convenient for renters.

              Castleton has been called one of the most affordable parts of Greater Manchester, so it’s no surprise that it has the lowest average property price of the listed areas. It also has the highest average gross rental yield, making it a promising area for a buy-to-let investor.

              Person typing on a laptop with hologram display

              Why You Should Consider a Buy-to-Let Investment in Rochdale


              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.

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              Rochdale New-Builds

              New build properties are growing in popularity as investment opportunities for a number of reasons. Newly-built properties are sought-after by tenants looking for modern and stylish homes, while investors can benefit from lower maintenance costs and superior energy efficiency compared to older properties.

              Rochdale borough council have answered calls for more new builds to meet demand in the town with plans for around 10,000 new homes. Private developers are also drawn to the area for new build projects as it is a popular area for families, so the developments usually consist of houses rather than apartment buildings.

              Investors could also take a look at other Greater Manchester towns by searching for Oldham new-builds or taking a look at Wigan to get a full idea of the new-build investment opportunities on offer.

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                Off plan property construction site with workmen

                Off-Plan Property in Rochdale

                While new-build properties are often sought-after by both investors and tenants, it is typically a higher-cost investment compared to older properties. For this reason, off-plan properties are gaining more attention as a way to save money when investing in a new build.

                There may be some chances to invest off-plan in Rochdale, especially as Greater Manchester grows in popularity among developers looking to take advantage of the investment benefits.

                However, as it stands now and in the near future, the majority of off-plan investment opportunities will likely remain concentrated in central areas of major cities.

                In the case of Rochdale, it is worth expanding the search to Manchester City Centre and nearby areas popular with commuters and young professionals, such as Salford.

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                How Does Rochdale Compare to Other UK Regions When It Comes to Buy-to-Let?

                The North West has been heralded as a property investment hotspot over the past few years, and it’s easy to see why. With lower-than-average property prices, high demand, and good potential for capital growth, Rochdale has the recipe for buy-to-let success.

                However, it still leaves some things to be desired compared to major cities such as Manchester and Liverpool. These areas can offer more diverse investment strategies, such as student property investment and short letting. Liverpool has also been named one of the best buy-to-let areas in the UK, with a rental yield of 7.43% – much higher than Rochdale. Buy-to-let property in Liverpool is also similarly priced to Rochdale, with the average price being £174,603 according to the UK House Price Index.

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                  Want to Invest in Rochdale?

                  Rochdale can offer a property investor cheaper-than-average property in an up-and-coming region. As Greater Manchester’s outer towns grow in popularity, Rochdale is bound to see the benefits of increased rental demand and property price growth.

                  However, as it stands now, there are still more diverse investment opportunities in major North West areas like Liverpool and Manchester City Centre, with higher rental yields and heightened affordability on offer in many cases.

                  To find out more about UK property investment, take a look at some of our latest buy-to-let area guides:

                  Map of Rochdale

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                  Jessica Ferris

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                  Jessica is a property content writer at RWinvest. Keeping a close eye on the UK property market, Jessica helps our readers stay informed and up to date on the latest market news and statistics.


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