Area Spotlight - Ashton-on-Ribble

Introducing our new monthly feature by Kyle Hastings.

Each month Kyle will highlight a popular area that is worth considering when thinking about increasing your property portfolio. With the sales market slowing down and house prices on the decline we are noticing an increase in landlords looking at increasing their portfolios.

This month Kyle recommends Ashton-on-Ribble, known locally as just Ashton.

Ashton-on-Ribble is an ever-popular suburb of Preston stretching from the docklands to the University of Central Lancashire.

From an investment perspective, the houses are quite affordable, with the average 2-bedroom terrace costing between £100-120k and providing a yield of around 7% per year.

The majority of the properties in Ashton-on-Ribble are terraced houses, a great number of which were built for the workers at Tulketh Mill - an enormous cotton spinning mill which is still standing on Balcarres Road and whose prominent chimney stack can be seen from miles around.

We get a diverse range of tenants applying for properties we list in Ashton-on-Ribble, ranging from Royal Preston hospital staff to families and students, typically we have multiple applications received for every property listed. In December 2022 a 2 bedroom terrace house on Parker Street received 7 applications within 3 days of being listed - proving that the area is certainly in high demand!

With plentiful local amenities, close proximity to the city centre, hospital, university and docks plus excellent transport links, Ashton-on-Ribble continues to grow in demand with tenants and could be a great place to grow your investment portfolio.