Castleford vs Oldham for Property Investment
Castleford leads on gross yield at 7%, while Castleford has the lower entry price at £155,000. Here is how the two markets compare on yield, price, deposit and tenant demand.
Castleford vs Oldham at a glance
| Metric | Castleford | Oldham |
|---|---|---|
| Average gross yield | 7% | 7% |
| Average property price | £155,000 | £160,000 |
| Implied monthly rent | £904 | £933 |
| 25% deposit | £38,750 | £40,000 |
| Stamp duty (additional property) | £7,750 | £8,000 |
| Population | 40,000 | 235,000 |
| Region | Yorkshire | North West |
| Investor rating | Good | Good |
Castleford
Typical stock is a mix of terraces, ex-council semis and a growing number of apartment conversions closer to the centre. Tenant demand is underpinned by commuters using the town's rail and road links, local employment in services, healthcare and logistics, supported by a population of around 40,000. On the average £155,000 purchase, a 7.0% gross yield implies roughly £904 per calendar month in rent, a useful sanity check when you are reviewing a listing. Affordable with Leeds commuter benefits.
- Strong fitStandard buy-to-let
- Consider carefullyHMO / rent by the room
- Strong fitFirst-time landlord
Oldham
Typical stock is a mix of terraces, ex-council semis and a growing number of apartment conversions closer to the centre. Tenant demand is underpinned by local employment in services, healthcare and logistics, supported by a population of around 235,000. On the average £160,000 purchase, a 7.0% gross yield implies roughly £933 per calendar month in rent, a useful sanity check when you are reviewing a listing. Regeneration projects improving investment prospects.
- Strong fitStandard buy-to-let
- WorkableHMO / rent by the room
- Strong fitFirst-time landlord
Which is the better investment?
If monthly cash flow is your priority, Castleford is the stronger option on paper at 7% gross. If you want the lower capital commitment, Castleford needs around £38,750 as a 25% deposit. Averages only take you so far, though, so run the actual listing through PropertyROI before you offer.
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