These two areas are in high demand with tenants, making them the region’s ‘most investable’ areas for landlordsStockport is one of the best property hotspots for landlords to invest in(Image: Getty Images)

Two Greater Manchester areas have been named the region’s latest property hotspots where rented homes are being snapped up.

Prestwich and Stockport are emerging as the north west’s ‘most investable’ areas when it comes to rental yields, tenant demand and long-term growth potential, according to property network Lomond.

Their research draws on data from north west estate agents including Thornley Groves and Julian Wadden, two well-known names who manage thousands of homes across Greater Manchester.

Property agents from these local branches have now shared why both Prestwich and Stockport are so highly sought-after in the rental market.

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With the market showing signs of renewed confidence and landlords actively expanding their portfolios, Prestwich and Stockport are proving that you don’t need to look far from Manchester city centre to find high demand and strong returns.

PrestwichPrestwich is popular with renters and commuters(Image: Getty Images)

The leafy commuter town of Prestwich has long been a favourite for tenants requiring the best of both worlds.

It boasts easy access into Manchester city centre via the Metrolink or Bee Network, as well as having a buzzing local scene with independent shops, green spaces and a growing food and drink offer.

With a £100 million regeneration plan underway with a new village square and community hub, Prestwich is fast becoming one of the ‘most investable’ suburbs in the north west with tenants and landlords alike taking notice.

“Prestwich is standing out as a neighbourhood offering strong returns and clear growth potential,” said Christopher Willey, regional director at Thornley Groves.

“The sought-after commuter links, Metrolink access and vibrant local scene are driving consistent rental income, with indicators pointing to yields north of 6 percent.

“These returns are underpinned by ongoing town-centre regeneration, competitive pricing and an attractive lifestyle mix.”

StockportStockport is currently undergoing a regeneration project(Image: Getty Images)

Meanwhile, Stockport is also undergoing an impressive transformation. A £1billion regeneration programme is reshaping the town centre and the results are already showing in the rental market.

Stockport’s appeal is also being driven by its growing reputation as a top commuter town, with more than 12 percent of Manchester city dwellers relocating there in recent years.

“Stockport is hitting yield levels close to or above 7 percent in places like SK1 and SK5,” said Matthew Smith, managing director at Julian Wadden.

“That’s fuelled by surging rents – up 16 percent in the past year – a lower entry price compared to central Manchester, and major investment in services and infrastructure.

“When viewed alongside Manchester’s 6.35 percent city-wide yield average, it’s clear why investors see these suburbs as prime spots for both rental return and capital growth.”

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