With such high student numbers, the choices of student property investment Manchester offers are attracting a lot of demand from students seeking quality accommodation which is well-located and equipped with everything they need. Some of the most popular areas for students in Manchester include Manchester city centre and Salford. Both these areas are close to university campuses and are based right in the hustle and bustle of Manchester’s culture and nightlife scene, providing the perfect student experience.
Many young people are moving away from the capital to live and work in Manchester, and this is likely true for students too. Student property investment in London is suffering compared to Northern cities as investors want to attract better yields, growth, and tenant demand. If you want to invest in UK areas with a lot of student demand, Manchester is the ideal investment location to consider.
Manchester has some of the UK’s best rental yields and growth prospects
Manchester is consistently voted one of the UK’s best areas for buy-to-let investments. Average rental yields for Manchester property come to 5.55 per cent, with some postcodes such as the M14 area generating yields of up to 10.1 per cent. This suggests that for individual investors seeking student accommodation investment for sale with strong returns, Manchester makes a prime contender.
Considered one of the fastest-growing cities in the UK, those who purchase student property in Manchester are likely to benefit from an attractive rate of capital growth. In 2018, Manchester saw a recorded property price increase of 7.7 per cent over the twelve months to July. Many up and coming Manchester areas, such as Salford Quays, are popular student spots. This means that your likelihood of capital growth is made even higher when purchasing a student pod in a prime Manchester postcode.
Commonly asked questions about student accommodation investment
It’s common to still have some questions before you make your first student accommodation investment in the UK. Here are a few of our most frequently asked questions, along with some detailed answers to give you a bit more clarity.
Is student accommodation a good investment?
Student accommodation is a good investment, provided you do your research and purchase your buy-to-let student property wisely. Look for student developments in cities with thriving student populations, along with strong capital growth and high rental yields. This will allow you to generate the most attractive student accommodation investment yields.