Property Investment Manchester: The Ultimate Guide
Manchester property investment has exploded in recent years, and has quickly cemented itself as one of the best property markets in all of Europe. But why has this happened? If you want to learn more about Manchester buy to let, keep reading this ultimate guide to learn all about Manchester property investment.
Located in the centre of England’s North West region, Manchester is known as ‘the capital of the North’ and boasts a population of 2.5 million.
The city has seen a wealth of regeneration over the years and has been completely transformed.
With a thriving economy, expanding population, and thousands of business opportunities, Manchester property investment is now considered one of the most promising property ventures to consider.
But where to buy property in Manchester?
Well, there are tonnes of investment property Manchester opportunities available, and you may be confused about which area to invest in.
To help you get a better idea of property investment in Manchester, we have produced this in-depth guide.
Whether you want to buy apartment Manchester, or learn more about investing, this is the guide for you.
Here we cover the best buy to let areas in Manchester and why you should consider the Manchester buy to let market.
Keep reading our guide to Manchester property investment. Scroll down for more information.
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Why Invest in Manchester Property?
Many investors are attracted to the property to let in Manchester due to the high rental yields, capital growth, and growing rental demand seen over the past two decades.
You can find some top property to buy in Manchester, and finding a Manchester investment property for sale is a brilliant way to generate a significant return on your investment.
With high rental yields and strong capital growth, investors can benefit from rental returns and capital growth when they sell their Manchester buy to let property.
Exclusive Manchester Investment Opportunities With RWinvest
Invest in Manchester for High Rental Returns and Affordable Prices
As it stands, Manchester property investment offers some of the more affordable and higher-yielding properties on the UK market.
Based on the latest UK House Price Index data from January 2021, buy to let Manchester property prices are around £205,067.
While these prices are slightly above the nearby Liverpool, buy to let Manchester prices are incredibly affordable compared to the UK average.
In fact, property to let in Manchester is almost £45,000 cheaper than the UK average, and over £575,000 more affordable than London.
With these house prices in mind, and using the latest Zoopla rent figures of £1,099 per month, Manchester’s current average rental yield is calculated at 6.43%.
This is an incredibly high figure and far exceeds other UK cities.
As you can see from the data in the table, if you’re looking for the highest returns on your investment, then Manchester buy to let offers the most potential.
The combination of affordability and high returns is a big reason behind the appeal for properties in Manchester.
Also, when you factor in London house prices, you realise just how affordable property to let in Manchester is.
Using the data in the table, it’s clear you can buy almost four properties in Manchester for the price of only one in the capital.
This price gulf is especially seen in the city centre. Manchester city centre property can be purchased for around £256,759 according to Rightmove.
Central London property, on the other hand, can be found for a whopping £2,399,560 according to Zoopla.
That means central London is 834.56% more expensive than a typical Manchester city centre property!
You could buy nine Manchester city centre properties for just one in Central London.
Invest in Manchester for Strong House Price Growth
The North West region, including major cities Manchester and Liverpool, boasts the best house price growth rates in the UK.
Between January 2020 and January 2021, house prices in the region increased by 11.95%, higher than any other region.
North West house prices are set to rocket over the coming years with an anticipated 28.8% growth by 2025, the highest recorded prediction in the UK.
This is good news for those looking at property to buy in Manchester, which has already shown historical capabilities of increasing house prices.
Back in 2001, the average cost of property to buy in Manchester was valued at around £43,750.
That means in the last 20 years, property prices in Manchester have grown by a whopping 368.7%.
To put this in context, that’s higher than Newcastle and London combined.
In fact, growth levels in Manchester have been so significant that they far exceed every major UK city and is 116.7% higher than second-place Sheffield.
These growth levels in Manchester and the North West have continued even during times of economic uncertainty and unrest.
In the 40 months following the EU Referendum, property prices remained strong in the North West region with a growth of 13%, suggesting a lot of promise in 2021 and beyond with property prices after Brexit in Manchester.
Even during covid-19, property prices in Manchester increased considerably.
As you can see, while there was a dip in Q2 due to the first UK national lockdown, property prices recovered well and increased heavily over the 12 months.
Comparing prices in January 2020 to December 2020, and Manchester prices increased by 9.36%- 1.39% higher than the UK average.
This house price growth has already continued into 2021, with house prices now 2.52% higher than the end of 2020. In fact, in January 2021, property prices in Manchester are 12.12% higher than a year prior.
These growth levels, huge predictions, and future regeneration projects mean there’s a considerable opportunity for capital growth in Manchester.
This gives even more reason to invest in Manchester buy to let.
Invest in Manchester for Increasing Demand
Another reason you should invest in Manchester off-plan property is the high level of demand for rental property Manchester.
The UK, as a whole, is experiencing a big gap between supply and demand when it comes to rental properties, which is seen throughout the buy to let property Manchester market.
A study from Zoopla in 2020 found that the current ratio between supply and demand in Manchester is around 1:5. This means for every single property, five people need or want a home.
This level of demand has been a consequence of the considerable growth in population the Manchester market has seen.
According to reports, the Greater Manchester population increased by 7.7% between 2006 and 2016. This level of growth was double that of the UK average.
Currently, there are around 2.8 million people living in Greater Manchester, which is an increase of 282,000 people since 1990.
Manchester itself has seen similar significant growth, with the cities population now 27.8% higher than 30 years ago.
Notably, a large bulk of this population is part of generation rent.
Those aged between 18 and 40 have often been called ‘generation rent’ due to their inability to buy their own homes outright. Instead, they have been forced to rent.
In Manchester, the population of students and young professionals is high, creating a constant demand for rental properties and increasing the appeal of both residential and student property investment in Manchester.
Based on population estimates from 2018 by the local government, around 37% of Manchester’s population is aged 18-34.
Why Is Manchester One of the UK’s Youngest Cities?
With a recorded population of 531,470 in 2017, Manchester has been hailed as one of the fastest-growing cities in Europe.
Not only this, but Manchester was recently voted one of the youngest cities in Britain.
The average age of a person living in Manchester is around 33, with one-quarter of the city’s population reportedly aged between 20 to 29 in 2014.
Since young people are statistically more likely to rent – with one in three millennials said to never own a home of their own – a high population of young people can dramatically boost the demand for rental property Manchester, which is great news for investors looking to buy an apartment in Manchester.
So why are there so many young people living in Manchester?
The Manchester Student Population
Just one look at the endless opportunities on offer for students in the city, and these statistics make a lot of sense.
Manchester is home to some world-class universities, including the largest single-site university in the country — the University of Manchester.
Around 19,000 international students are amongst the city’s thriving student population of over 99,000.
These consistently high student numbers mean that those seeking a Manchester property investment for sale should see student buy to let property in Manchester as an attractive option.
More and more developers are focusing their attention on the Manchester student market, creating exciting new student accommodation options for investors to get on board with.
Since student accommodation is typically more affordable to purchase but receives a lot of demand in areas with a high student population, rental yields tend to be high for student buy to let in Manchester, making this an ideal route to take.
Demand From Young Professionals
Not only is Manchester itself and the choices of property Manchester offers a hit with students, but young professionals are also known to regularly flock to the city.
Manchester boasts a lively nightlife scene, a wide range of cultural attractions, and plenty of things to see and do.
Along with this, Manchester’s thriving business scene is helping to put the city on the map.
A whole host of major businesses and start-ups reside in Manchester, offering young professionals lots of opportunities to succeed in the city.
In fact, Manchester and Liverpool were voted in the top 10 locations in the world for business start-ups.
Record numbers of young people have reportedly been leaving London for Manchester as of late.
London was once considered the place to be for young professionals, but the high cost of living in the capital has led many to look elsewhere.
According to Numbeo, Manchester consumer prices, including rent, are 32.31% lower than London. This has led to 13% of people leaving the capital to move up North.
Not only are students attracted to study in Manchester, but they also choose to stay and work in the city, with a recorded graduate retention rate of 70% in 2016.
On average, Manchester has a graduate retention rate of around 51%, the second-highest in the UK.
This rise in the Manchester city centre population makes young professionals one of the best types of tenants to target for Manchester property investment.
Those looking to buy property in Manchester will find that those who buy a flat in Manchester city centre will go on to generate plenty of demand.
This is because many young people working in the city always seek quality options for a rental property Manchester.
Our stylish city-centre apartments here at RWinvest make a perfect choice, with prime locations and modern designs.
Using investment companies Manchester like RWinvest can help you make the best investment possible.
Those who choose to invest in Manchester residential properties like these are sure to attract this thriving young population and benefit from a lot of interest.
The Manchester Property Market
Manchester has always contributed a lot to the UK economy.
The world’s first industrialised city, the home of the world’s oldest train station, and the birthplace of the world’s first computer and public library – Manchester’s glowing reputation has served it well over the years.
Fast forward to 2021. The city has now made a name for itself as a UK property hotspot, with buy-to-let Manchester properties attracting investors from across the globe.
House price growth, increasing rental costs, ever-growing demand, and affordable prices are just a few of the reasons why so many investors are looking up North.
A study by HSBC recently revealed that Manchester had become the second-best location in the UK for property investment, prompting more people to buy property in Manchester.
Experienced property investors, overseas investors, and even those making their first property venture continue to see the potential behind Manchester property investment.
More recently, there’s been a notable spike in interest from Chinese investors.
At the same time, those from Saudi Arabia, UAE, and the wider GCC have also decided to invest in Manchester buy to let, voting it as the best city for UK investments.
While London was once the UK’s go-to city for property investments, Manchester and its growing economy have turned people’s attention away from the capital.
With higher affordability and better potential returns, those seeking an investment property for sale in Manchester will benefit from a much lower cost and better prospects than they would in most other parts of the UK.
Is Manchester a Good Place to Live?
Manchester is a great UK city to live in, offering residents an excellent quality of life.
Manchester has been voted ‘the best city to live in the UK’ on numerous occasions, thanks to its strong employment levels, great connectivity to other cities, and improvements in healthcare and education.
With a famous shopping scene, eclectic nightlife, an endless range of leisure attractions and plenty of restaurants and bars, this city is one of the UK’s biggest tourist spots.
Floods of people head to the Northern city each year for music events like the Warehouse Project or Parklife Festival, amongst cultural events such as the Manchester International Festival.
Manchester’s thriving business scene also regularly attracts high numbers of visitors.
Trade shows, exhibitions and conferences are commonly held at Event City and other spots in the Manchester area.
The world-class transport links in Manchester make it easy for residents to commute between other key cities in the UK.
The city’s high-quality rail network and motorway network means that those living in Manchester can easily travel to nearby cities like Liverpool and Leeds in less than one hour.
Other major cities like London, Glasgow and Cardiff are also easy to reach, with a train ride to the capital taking around 127 minutes.
Notably, the new HS2 expansion to Manchester Piccadilly will reduce travel time considerably.
It will halve travel to London to 67 minutes and reduce travel time to Birmingham from 88 minutes to just 40.
This is great for the city’s young professional crowd of renters, increasing the appeal of living in Manchester and boosting opportunities for Manchester investment.
Along with transport links to other cities, Manchester city centre also boasts a sophisticated tram system.
The Manchester tram system allows residents and tourists to travel around the city centre with ease and reach other parts of the city like Altrincham, Bury, East Didsbury, Ashton-under-Lyne, Eccles, Rochdale, and Manchester Airport.
Manchester is constantly evolving, with ongoing regeneration projects transforming the city and pumping millions into the economy.
Greater Manchester was allocated around £366 million to support its regional development through the 2014 to 2020 European Structural and Investment Fund programme.
This was designed to help grow investment into businesses, education, agriculture, and job opportunities.
When it comes to buy to let, Manchester regeneration plays a considerable part in the strength of the city’s property investor market.
Regeneration in Manchester as part of the Northern Powerhouse initiative has helped the city and its economy grow significantly, boosting property prices in the process.
Over the last 24 months, the Northern Powerhouse initiative has seen £1.6 billion be invested into the city of Manchester.
Big plans for the city include a new city centre neighbourhood, St Johns, and a transformation of the Ancoats and New Islington areas.
The HS2 expansion scheme is also set to revitalise the city and will introduce a high-speed rail line to link Manchester with other key cities like London, Birmingham and Leeds.
These projects will create multiple Manchester new builds, homes, leisure attractions, and business opportunities for the city’s residents.
Other plans will see the regeneration of Oxford Road, Piccadilly, and Manchester Victoria stations, along with an overall improvement of transport throughout the city and region.
The economic boost that these regeneration plans will create gives a perfect reason to explore the varieties of investment property Manchester offers.
But these aren’t the only major projects, past and present, that have transformed the region.
Located between Salford and the city centre lies Spinningfields, a regeneration project that has been named Manchester’s answer to London’s Canary Wharf.
First introduced during the early 2000s, Spinningfields saw £1.5 billion go into creating around 430,000 square meters of residential, commercial, and retail space, along with being home to several banks, including Barclaycard and HSBC.
For property investment, Manchester areas that are up and coming with business opportunities are key, which is why Spinningfields is a great Manchester buy to let location.
The Spinningfields Manchester postcode of M3 offers some incredibly sizeable yields with prices starting from around £254,555 and returns of 5.31%.
If you want to invest in the future, investing in the Spinningfields Manchester postcode of M3 could be worth considering.
A 20-acre mixed-use development that adjoins Victoria station to the city centre, NOMA is one of the cities most extensive regeneration zones.
The project involves creating four million square feet of retail, residential, office, hotel, and leisure space.
Backed by the Co-operative Group and driven by a vision of sustainability and urban regeneration, the NOMA scheme has been created to attract more companies to the Manchester area and encourage more investment.
At the forefront of Salford’s newfound business focus is MediaCityUK – a thriving business network ranging from major corporations to start-ups and a top area for purchasing buy to let property in Manchester.
Once a run-down docklands, MediaCityUK has created a booming investment property Manchester market with plenty of opportunities to cater to local tenant demand.
Ever since the first phase of construction began back in 2007, MediaCityUK has gradually welcomed several organisations like the ITV, BBC, and BUPA.
Thanks to the significance of MediaCityUK as a top business destination, those looking to invest in buy to let in Manchester are naturally drawn to this Salford area, taking full advantage of the opportunities available.
Best Buy to Let Postcodes in Manchester
Some of the best buy to let postcodes in Manchester are the M5, M38, M17, M14, and M11 postcodes.
These areas are perfect for Manchester property investment thanks to high rental yields, increasing demand rates, and potential for capital growth.
Average price: £203,486
Average Rental Yield: 10.64%
Spanning Salford, the Manchester postcode M5 is one of the best places to invest in the city.
If you want cheap property in Manchester, Salford and the M5 postcode is an excellent choice, with average house prices starting at just £203,486.
Thanks to sky-high rent for the region, though, rental yields are some of the best you will find in all of Europe, with the potential to earn over 10.64%.
Average House Price Manchester: £132,928
Average Rental Yield: 10.30%
Another Salford postcode, the Manchester postcode M38, offers some of the lowest property prices in the city.
If you want cheap property in Manchester, M38 provides property from only £132,928.
These incredibly low prices have helped produce huge returns of over 10.30%
Average House Price Manchester: £250,941
Average Rental Yield: 9.57%
Covering the Trafford Park area, the Manchester postcode M17 is one of the pricier locations in Manchester.
While this may not be ideal for those looking for cheap property in Manchester, you can still get massive 9.57% yields if you have the extra cash to spare.
Average House Price Manchester: £216,704
Average Rental Yield: 8.18%
Consisting of the Fallowfield area, the M14 postcode has a perfect blend of affordability and returns.
With prices almost £34,000 below the UK average and returns double the average UK property, M14 is well worth considering.
Average House Price Manchester: £143,956
Average Rental Yield: 6.76%
Another strong contender for those looking for cheap property in Manchester, the M11 postcode covers Openshaw and Clayton Hall.
Yields here aren’t as impressive as other locations in Manchester, but with properties offered at such reasonable prices, it’s hard to go wrong when investing here.
Why Do These Postcodes Perform So Strongly for Manchester Investment Yields?
Aside from rental yields, there are many reasons that Manchester buy to let is so strong in these postcodes.
The M5 postcode is popular with young professionals and students. Based in Salford, properties in these postcodes are close to MediaCityUK and the University of Salford.
MediaCityUK houses a range of big business names like BBC, ITV and Kelloggs to name a few, attracting students and ambitious young professionals to the city.
Here at RWinvest, we work hard to offer opportunities in the best locations, which is why we focus on the best areas to invest in buy to let property Manchester has to offer.
Merchant’s Wharf, a current Manchester investment property for sale with investment companies Manchester RWinvest, is based in the M5 postcode and comes with up to 6.5% projected rental returns.
With easy access to MediaCityUK and Manchester city centre, these buy to let Manchester apartments are sure to attract a lot of demand from the city’s young professional tenants.
Some other examples of the best buy to let areas in Manchester, M14 and M19, are also prime locations for Manchester student property investment.
M14, for instance, includes the Fallowfield area, one of Manchester’s biggest student hotspots.
The M16 postcode, home to our sold-out development, West Point, is another prime Manchester buy to let area.
This postcode contains the Old Trafford area, a growing neighbourhood which is close to the city centre and a number of desirable businesses.
Predictions for buy to let in Manchester show continued growth in multiple areas. According to the latest Savills predictions, Manchester property prices are expected to grow by an incredible 28.8% by 2025.Daniel Williams, RWinvest
Best Buy to Let Areas in Manchester
So now that we know the best postcodes for rental yields and regeneration, it’s time to think about the best areas of Manchester to invest in.
If you’re looking for the top places to search for investment properties for sale in Manchester, here are our picks of the best buy to let areas.
Manchester City Centre
Average Property Price: £256,759 (Rightmove)
Average Rent: £1,094 pcm (Zoopla)
Average Rental Yield: 5.11%
The heart and soul of every city is the city centre, and there’s definitely plenty to shout about when it comes to investments in Manchester city centre.
Plenty of attractions and amenities reside within Manchester’s city centre, including the Northern Quarter, the Arndale Centre, Spinningfields and more.
With such world-class amenities and things to do and see, the city centre is also the ideal place to invest due to regeneration.
Perhaps the biggest regeneration plan in store for Manchester city centre introduces a neighbourhood of skyscrapers connecting the Knott Mill area and Great Jackson Street city centre district.
These skyscrapers will completely transform the skyline of Manchester, no doubt attracting new interest from those seeking the best Manchester investment property for sale.
According to Rightmove, Manchester city centre prices are around £256,759.
That means Rightmove Manchester city centre prices are 9% higher than they were in 2019.
These Rightmove Manchester city centre prices differ depending on the property type.
Houses for sale in Manchester city centre, for instance, cost anywhere between £216,333 to £280,454 depending on if it’s semi-detached or a terraced household.
On the other hand, apartments to buy in Manchester city centre cost around £256,498 and made up the bulk of purchases on Rightmove.
Apartments to buy in Manchester city centre are usually the most popular due to the tendency of young people to opt for living in apartments rather than houses.
Manchester city centre is full of renters, which is why so many investors and property investment companies in Manchester are putting a lot of focus on the area.
Young professionals and students make up a large portion of the Manchester city centre population, seeking high-quality rental properties and, in turn, encouraging a high number of investors to seek out properties for sale in Manchester.
The city centre is home to some of Manchester’s biggest regeneration schemes, such as Spinningfields and NOMA, offering investors plenty of capital growth potential.
With rising property prices and high yields, the city centre is one of the best buy to let areas in Manchester, and not to be missed for high investment potential.
Average Property Price: £183,537 (UK House Price Index)
Average Rent: £943 pcm (Zoopla)
Average Rental Yield: 6.17%
Salford remains one of the UK’s most exciting regeneration areas attracting significant interest from property investors worldwide.
Located one mile west of Manchester city centre, Salford is becoming a UK start-up hotspot, with 1,393 new companies launching in the area during the first quarter of 2017.
This newfound focus on Salford as a business hub has led to more young professionals interested in making their mark on this thriving city.
Properties like Merchant’s Wharf are being introduced to cater to this growing demand, providing luxury accommodation to ambitious entrepreneurs and professionals working in the area.
At the forefront of the Manchester regeneration and business scene, Salford is undoubtedly one of the top areas in Manchester to buy an investment property.
Home to MediaCityUK, Salford is a hotspot for young professional renters, attracting high student numbers due to the University of Salford.
With some high potential rental yields available through properties for sale in this Manchester area, and property prices growing year on year, Salford is definitely one of the best Manchester areas to consider.
Average Property Price: £187,884 (Zoopla)
Average Rent: £871 pcm (Zoopla)
Average Rental Yield: 5.56%
Look four kilometres west of Manchester city centre, and you reach the Trafford area.
Trafford is home to over 11,000 businesses and attracts high interest levels from young professional tenants, making it a perfect Manchester property investment zone.
Perhaps the most notable regeneration project in the area, the Intu Trafford Centre is the second largest retail park in the UK, bringing in around 35 million visitors each year.
The Trafford Centre was purchased by Intu Properties for £1.65 billion back in 2011, breaking the record for the largest single property acquisition in British history.
There are future regeneration plans that are set to transform the Trafford area.
These plans are designed to boost education, housing, leisure and retail, as well as new housing and a new town hall quarter.
The Old Trafford area is one of the best areas of Manchester for regeneration, and is home to several businesses.
While average rental yields in this area are a little lower than in other Manchester areas at 5.56%, properties are more affordable and there’s plenty of potential for house price growth.
Since Trafford is a primarily residential area and home to many families, there are lots of new houses for sale in Manchester regularly.
However, young professional tenants will also find plenty of suitable rental accommodation in the form of stylish new-build apartments in the area, making this an ideal location if you’re looking for an investment property to buy in Manchester.
Average Property Price: £176,856 (Zoopla)
Average Rent: £1,532 pcm (Zoopla)
Average Rental Yield: 10.39%
If you want to buy apartment Manchester, this Manchester suburb is one of the best buy to let areas to consider.
Fallowfield is a huge student area in Manchester, attracting large numbers of university students seeking suitable accommodation.
Manchester property for sale in this area are incredibly affordable, with average property prices considerably below the city average of £205,067.
With these low prices and mammoth average rent of over £1,500, Fallowfield offers some of the best returns available for property to buy in Manchester.
Rental yields in Fallowfield can reach over 10.39%, making this one of the top areas of Manchester and in all of the UK.
Be sure to keep this area in mind if you’re considering student buy to let in Manchester.
Average Property Price: £329,077 (Zoopla)
Average Rent: £1,258 pcm (Zoopla)
Average Rental Yield: 4.59%
The historic Castlefield has seen a wealth of regeneration over the years.
Previously filled with period buildings, the area has been impressively transformed into a modern paradise, with several key developments to match the demands of the area’s expanding population.
Located just outside Manchester’s city centre, Castlefield is just minutes away from key city locations making it the ideal home for commutters and young professionals trying to escape the busy life of city-centre living.
However, for this privilege, you may be forking out more money than the city centre, with a considerable £329,077.
Although, with sizeable rent, yields here are still above the UK average.
Average Property Price: £217,752 (Zoopla)
Average Rent: £1,007 pcm (Zoopla)
Average Rental Yield: 5.55%
Ancoats/ New Islington is one of the more culturally diverse areas in the North West.
Home to a mix of fantastically diverse eateries and Japanese teahouses, Ancoats was voted one of the best places to live back in 2019 by The Times.
This reputation has undoubtedly continued into 2021, with the area’s quality of life one of the biggest selling points.
Located near to the Northern Quarter, you can purchase Ancoats real estate for around £217,752, according to Zoopla.
These prices have increased by nearly 195% over the last 20 years, making it a top area for capital growth.
With rent sitting at a sizeable £1,007, you can expect returns of around 5.55%.
Average Property Price: £221,140 (based on the M4 postcode) (Zoopla)
Average Rent: £1,089 pcm (based on the M4 postcode) (Zoopla)
Average Rental Yield: 5.91%
Spanning the M1 and M4 postcodes, the trendy Northern Quarter is an iconic area for students and young professionals.
The Northern Quarter has a fantastic music and fashion scene and offers nightlife opportunities to rival any in Manchester.
But it’s not just leisure opportunities that make the Northern Quarter so exciting.
The area is also brimming with business opportunities and features a booming finance and creative sector.
Recently, Amazon opened a major new office in the area, which introduced 600 new jobs.
Average Property Price: £210,595 (Rightmove)
Average Rent: £964 pcm (Based on M50 postcode) (Zoopla)
Average Rental Yield: 5.49%
One of the greatest regeneration stories in the North West, the Salford Quays area is one of the most exciting locations for property investment Manchester.
Previously a run-down and disused set of docklands, Salford Quays is now a thriving commercial and residential hub and is home to some of the biggest businesses in the world, thanks to MediaCityUK.
MediaCityUK has put Salford on the map, with massive media corporations like the BBC and ITV choosing to leave London and open major operations in the Manchester region.
This large increase in employment opportunities has had a marked impact on the Salford region, with house prices rising by 63.63% since 2010, according to the UK House Price Index.
According to Rightmove, Salford Quays properties are valued at £210,595.
That means Rightmove Salford Quays properties have increased by a whopping 16% since 2019.
The Rightmove Salford Quays properties can differ in price depending on what property type you’re looking to invest in.
The cheapest property type were flats, which averaged around £197,228.
Average Property Price: £225,676 (Zoopla)
Average Rent: £1,027 pcm (Zoopla)
Average Rental Yield: 5.46%
If you’re looking ahead for the future, one area in Manchester well worth considering is Piccadilly.
Yields here are already incredibly impressive, with the potential to earn 5.46% returns on average.
However, what makes Piccadilly truly exciting is the future regeneration set to rejuvenate the area.
The prior mentioned HS2 railway line is set to provide all-new links from Manchester Piccadilly to thriving business locations like Birmingham and London.
Cutting down travel time significantly, prices and rent are likely to increase dramatically over the coming years.
A similar trend was seen in Slough during the installation of new Crossrail routes in the area.
Studies found that local house prices near the new Crossrail stations increased by over 66%.
With this growth in mind, savvy investors may find the potential for huge growth when considering the Piccadilly area.
Where to invest? Greater Manchester Areas
While property investment Manchester is undoubtedly a top investment destination, it’s not the only place worth investing in the region.
The wider Greater Manchester area can be a top place to invest, with several boroughs in the region worth considering.
From Stockport to Salford, Bolton to Bury, there are plenty of property investment Manchester opportunities outside the city.
With that in mind, here is a deep dive into house prices by each Manchester borough over the last five years.
You can find the prices for flats to buy in Manchester, as well as prices for detached and semi-detached homes.
As you can see, flats to buy in Manchester in 2021 can be purchased from just £176,051 in 2021, according to the UK House Price Index.
That means flats to buy in Manchester have increased by a whopping £44,616 since 2016. That’s an increase of almost 34% in only five years.
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How Has Property Investment Manchester Been Affected by the Covid-19 Pandemic?
The UK has experienced an unexpected and difficult year throughout 2020 and 2021.
With the Covid-19 pandemic leading to three full national lockdowns, many people were concerned about how the property market in the United Kingdom would be affected.
For those looking at property investment in Manchester, the primary concern was if property prices would continue to rise.
The good news is that despite a rocky period during the beginning of the UK lockdown, the property market has proved resilient, particularly in Manchester.
Between March and August 2020, property prices in the Manchester area have grown by 1.4%, while rental demand has also increased across the city.
By June 2020, rental demand in the North West region was reportedly 21% higher than it had been a year ago.
These growth levels have continued in 2021, with prices in Q1 2021 12.12% higher than Q1 2020.
With predictions for attractive growth yet to come, buy to let in Manchester remains a lucrative investment choice whether you’re an experienced or first time investor.
What Are Manchester Property Market Predictions?
Predictions for buy to let in Manchester show continued growth in multiple areas.
According to the latest Savills predictions, Manchester property prices are expected to grow by an incredible 28.8% by 2025.
The type of property investment Manchester offers and the returns it brings will continue to attract investors from both the UK and overseas.
The recent trend of people moving to Manchester from the South is also expected to continue, boosting the city’s population.
To check out more information about the Manchester market, be sure to read our updated Manchester property marker report for 2021.
House Prices Will Continue to Grow
Throughout 2020, capital appreciation in Manchester came to a huge 9.36%, while the national average stood at 7.98%.
During the same period, London’s capital appreciation rates grew by 5.50%.
These figures reinstate that the North is looking a lot more promising than the South when it comes to property market growth.
Property experts Savills predict that property prices in the North West will see the highest level of regional growth, with an increase of 28.8%.
In comparison, the UK average is just 21.1%, while London is only 12.6% by 2025.
The Population Will Continue to Increase
While a lot of young people are choosing to move up North to escape the expense and hectic atmosphere of London life, many are moving to Manchester to buy property.
The number of Londoners leaving the capital to move up North has tripled since 2010.
Many of those moving to Manchester are selling their London properties and purchasing larger homes for the same price up North.
For £600,000, for instance, you could either buy a tiny one-bedroom London house or a huge six-bedroom property in Salford.
With these statistics in mind, predictions believe the population in Manchester will increase by 56,000 by 2034.
According to Cushman & Wakefield, job opportunities are a driving factor for this growth.
It’s anticipated there will be 3,100 new jobs per year, many of which will be high salary jobs in the city centre.
Another factor for this growth is the mass exodus seen in London for the past few years.
A lot of people moving away from London are also choosing to live in Manchester to buy their first home.
Many young people are struggling to join the property ladder, and so buying a home in an affordable location is a lot more achievable.
This means that a lot of those moving to the city to buy a home will likely need to find Manchester property to rent while house hunting or saving for a deposit.
This will, in turn, boost the overall rental demand and benefit property investors in Manchester.
Should I Invest in the Manchester Buy to Let Market?
If you want to benefit from attractive rental yields, a steady influx of demand from desirable tenants, affordable prices, and high capital growth, you should consider investing in the Manchester buy to let market.
More and more investors, including those from overseas, are turning their sights away from London and are considering property investment Manchester.
If you’re keen to enjoy average rental yields of 6.43% and an overall thriving property market, look no further than this Northern hotspot for your next off-plan property investment.
Manchester Investment Property for Sale
Interested in Manchester investment property for sale?
Now that you’ve learned more about Manchester investments with our in-depth guide, here are some of our current opportunities for those looking to explore the best properties for sale Manchester offers.
We have several luxury apartments to buy in Manchester city centre, and top property for sale in Manchester city centre.
Prices start at just £149,950 and offer projected returns of up to 6.5%.
Prices from £149,950
6.5% Projected Net Rental Returns
One of our top Manchester buy to let opportunities, Merchant’s Wharf is a Manchester investment property for sale that’s not to be missed.
Perfectly positioned between Manchester city centre and Salford Quays, Merchant’s Wharf is a great Manchester investment property for sale opportunity.
If you want to buy apartment Manchester at affordable prices, these apartments are the perfect opportunity for property investment Manchester.
Prices start at just £149,950, which offers up to 55% below market value and is unheard of for the area.
Property investors taking advantage of this opportunity can invest in one of the best areas in Manchester to invest in property for a lot less than they normally would.
Combine these low property prices with the fantastic opportunity for capital growth and projected rental yields of 6.5%, and it becomes clear that Merchant’s Wharf is a great option for those looking to buy investment property in Manchester in 2020 and 2021.
Buy to Let Property Manchester Off-Market Opportunity
Prices from £265,000
5% Projected Net Rental Returns
The latest Manchester investment property for sale from RWinvest, this striking off-market skyscraper can be purchased from just £265,000.
This property for sale in Manchester city centre comes equipped with everything the modern tenant could want, from a state-of-the-art gym and a 24/7 concierge service.
With 1 and 2 bedroom apartments available in this property for sale in Manchester city centre and above-average yields, this Deansgate tower is a perfect opportunity for Manchester investors.
Contact our property specialists today to learn more about this buy to let property Manchester off-market special.
Want to Buy Property in Manchester? Choose RWinvest Manchester Today
At RWinvest, we’re one of the best property investment companies Manchester has to offer when it comes to making solid returns on your investment.
Our RWinvest Manchester office works hard to find opportunities in the best buy to let areas in Manchester, and many of our past investment property Manchester opportunities have experienced significant capital growth.
Our Salford-based Zenith apartments are a great example of this growth, sold at £149,950 and resold at £210,000 with a 40% increase in value.
With such incredible growth predicted over the coming years, investing in a Manchester buy to let property is a smart move for both attractive rental returns and high capital growth potential.
If you’re considering investment property Manchester, we have some of the best options if you’re seeking a lucrative off-plan Manchester property investment for sale.
Our dedicated team of property professionals combined with our keen eye for the best new developments, make us one of the strongest property investment companies in Manchester.
Whether you’re looking for the best opportunities for buy to let in Manchester city centre, or you want to look towards other thriving areas like Salford, we have a range of options for buy to let Manchester.
Examples include our Manchester property, Merchant’s Wharf, available for purchase from just £149,950, offering projected yields of 6.5%.
Looking for the perfect Manchester investment property for sale? Contact us today to talk to our expert team of property specialists.
Disclaimer: This guide to properties in Manchester has used data from a variety of sources, including the UK House Price Index, Zoopla, Rightmove, and Homelet. The data used was collected in May 2021. Data is subject to change and may no longer be accurate when you read.