#Oldham, located in the Greater #Manchester area, is a fantastic place for #property #investors looking for property in the North West.
Prices here are lower than average, but it's in the top 10 for rental yields at 4.89%.
Multi-million pound regeneration projects are transforming the area and adding more housing stock, ensuring a growing population and demand for residential properties.
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Investment
Economy & Employment
The Gateway project incorporates
two existing neighbourhoods which
have been regenerated, Primrose
Bank and Crossley and two new
neighbourhoods are being created
at Dew Way and Keswick Avenue.
The £113 million project aims to
deliver more than 600 new and
refurbished homes.
Phase one of the project has seen
87 new homes being built to the
highest specification and green
standards to help local residents.
A recently regenerated area of
Oldham is, St. Mary’s which has
been transformed from a derelict
area to one of 90 new quality
family homes.Since the de-industrialisation of
Oldham in the mid-20th century,
the cotton and engineering
industries have been replaced by
healthcare which employs
some 12,800 staff, retail which
employs 10,000 staff and factory-
generated employment such as
manufacturing, technology and
engineering which also employs
around 10,000. In addition food
processing and home shopping
also have a significant presence
here.
Ferranti Technologies is an
electronic, electromechanical and
electrical engineering company,
supplying advanced technology
for military and commercial
purposes.
Park Cake Bakeries was sold in
2007 to Vision Capital they have
a large food processing centre
in Hathershaw which employs in
excess of 1,600 people.
Hollinwood is home to the
Northern Counties Housing
Association and Mirror Colour
Print Ltd; the printing division of
the Trinity Mirror group, which
prints and distributes 36 major
newspapers and employs 500
staff.
The town centre has seen major
investment, in 2014 it received a
new Metrolink interchange, and
in 2015 a new sports centre was
opened.
Over the coming years the town hall
is being turned into a new cinema,
along side a newly built town
square. The council hope to turn
the Grade two listed NatWest bank
building into apartments, cafe’s and
bars.
There is also plans for a £60 million
investment in the town centre, this
has plans to bring a new Marks
& Spencer store as well as 800
new homes and apartments. It is
estimated the development will
bring an extra £20 million a year to
the area.
Healthcare is on of the largest employer in Oldham.
Gateways to Oldham is a £113 million project to deliver more than 600
new and refurbished homes.
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Transport
Air: Manchester Airport is just over 14
miles away, with Leeds Bradford being
just under 30 miles away and Liverpool
John Lennon Airport 33 miles, so a
good choice of availability for Oldham’s
residents.
Tram: Oldham is served by the
Metrolink tram network which opened
in January 2014, journeys from
Oldham Mumps to Manchester Victoria
now take around half an hour.
Road: Oldham is about 4 miles south
of the major M62 motorway, but is
linked to it by the M60 at Hollinwood
and the A627(M) via Chadderton.
There are also major roads to
Manchester, Rochdale, Ashton-under-
Lyne and Huddersfield.
Bus: Oldham bus station has
frequent bus services to Manchester,
Rochdale, Ashton-under-Lyne and
Middleton with other services to the
Metropolitan Borough of Oldham,
Tameside and across the Pennines to
Huddersfield.
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Shopping & Dining: Oldham’s shoppers have a great choice, the
Spindles town Square Shopping Centre is where you will find over
70 Retailers. Or there are more traditional markets, award winning
Tommyfield Market is a bustling haven for bargain hunters, combining
both traditional and modern facilities. Oldham Street Market is held on
Curzon Street and Albion Street every Friday and Saturday, here you
will find fashion, Caribbean food and fresh produce.
Culture: Oldham’s program of festivals, concerts and carnivals are
guaranteed to keep you entertained. There are also international art
collections at gallery Oldham to enjoy. Theatre goers will enjoy a trip
to the vibrant Oldham Coliseum. Playhouse 2 in Shaw is home to the
Crompton Stage Society, they showcases quality drama alongside a
variety of lively comedy and music shows in a unique atmosphere. The
intimate 100 seat Lyceum Theatre has a varied programme on offer and
a gallery space for local art exhibits. And in 2017 there will be a new
heritage and theatre funded partly by the English Heritage fund.
Green Space: Oldham’s 28 parks have been judged to be amongst
the best in the country, with 2 wining a prestigious Green flag award,
Dunwood Park and Alexandra Park which is also graded II listing by
English Heritage.
Education Shops & Leisure
85 primary schools, 14 secondary schools, 4 special schools, 6
independent schools and 2 independent special schools, serve the
population of Oldham.
Notable schools: Oldham college was founded in 1893 when a
donation from the Platt Brothers (who built the first cotton mill here),
led to the establishment of the school of art and science in the town.
The College offers over 900 courses to 10,000 students. It is in the top
10% in the country and is rated ‘Outstanding’ by Ofsted and has LSIS
Beacon Status for excellence in its delivery of learning skills with a
success rate far higher than average.
Further and Higher Education: The Oldham College and Oldham
Sixth Form college provide the further education in the district.
University Campus Oldham (UCO) and Oldham College also provide
HE. In 2014, Oldham College saw £7 million for new classrooms,
community space, student support services, early years, childcare and
business courses.
Oldham is also commutable to the University of Manchester. The
university nearly 40,000 students, of which 11,865 of them are studying
a postgraduate degree. The University of Manchester has been ranked
33rd in the top universities of the world.
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