Where Is The Best Place To Buy Investment Property In Manchester?

Those who are looking for Manchester investment property need to consider the tenant profile in each area. Salford Quays commands a robust rental demand primarily from 30+ professionals employed in the Creative, Digital, and Technology sectors, earning an average salary of £40,000 or higher. The rental market in this region is most active for one-bedroom and two-bedroom units, catering to couples or singles. Looking at a case study from Complete Prime Residential of 101 one-bed, two-bed and three-bed units under management, the average secured tenancy term has been 11 months with a 5.45% current average rental yield in the area. For those exploring lucrative Manchester property investment with options beyond Salford, the Trafford region offers considerable potential for growth and ROI. The area's up-and-coming status has resulted in a younger tenant pool than neighbouring Salford Quays, typically comprising early-twenties professionals earning between £20,000 and £25,000 annually. The most preferred rental options in this region are one-bed and two-bed apartments. Our expert analysis reveals that investing in these regions could offer substantial returns on investment, with up to 5.8% rental yields.

What Is The Average Rental Yield For Manchester Property Investment?

The average rental yield for investment property in Manchester sits between 5-7%, however, this figure does not take into account individual areas, tenancy agreement types (short-term vs long-term lets) and property size. It is important to consider the rental yield according to comparable investment properties in Manchester before making any buy-to-let purchase. For a better understanding of yields and the factors that impact them, download our guide: Is the Door Closing on Short-Term Lets? We are constantly reviewing the investment market. For more information about investing in the Manchester property market, our experts can discuss it with you in detail and provide guides. Please don’t hesitate to get in touch to request more information.

Is Now A Good Time For Investing In Manchester Property?

This is an opportune time for investing in Manchester property to be able to achieve the highest ROI with the rental and property price forecasts due to rise over the next 10 years.

What are Manchester’s largest regeneration projects?

Over the years, Manchester has accumulated an impressive collection of regeneration projects that have completely transformed the city's landscape. These schemes are a key factor in Manchester’s impressive economy and population growth. These are some of the major regeneration projects taking place in Manchester. Many smaller projects are also happening throughout the city that are helping to transform it into a thriving and modern metropolis. NOMA: An £800 million joint venture between The Co-operative Group and Hermes Real Estate that involves the redevelopment of 20 acres of land in the city centre, including the former Co-operative Group headquarters. Manchester Life: A £1 billion joint venture between Manchester City Council and Manchester City Football Club's owner, Sheikh Mansour bin Zayed Al Nahyan, which aims to provide 10,000 new homes in the city over the next decade. St. John's: A £1.4 billion mixed-use scheme located on a 13-acre site in the heart of Manchester that was formerly home to the Granada TV studios. Airport City: A £1 billion development adjacent to Manchester Airport that includes office, hotel, and retail space, as well as logistics facilities. Middlewood Locks: A £1 billion development located in Salford, just outside Manchester city centre, that involves the redevelopment of a 25-acre site and will provide 2,000 new homes, as well as office and retail space.