As a property investment location, Manchester is in a league of its own.
Offering some of the most affordable property prices and highest return potential out of every major UK city, student property investment in Manchester offers a compelling solution for investors.
According to the latest Land Registry data, the average Manchester property, as of March 2023, is valued at just £231,656.
This is just over £50k below the UK average, and is more affordable than the likes of Leeds, London, Edinburgh, and Brighton.
Crucially for investors, these low property prices lead well to huge return potential.
Using the latest Zoopla rental data, the average gross rental yield in Manchester (without factoring in expenses) is a huge 8.49%.
For comparison, the UK average is 5.11%.
On top of these rental returns, Manchester sits alone for capital growth.
In the last 12 months, Manchester property has increased in value by a solid 5.72%.
Looking back further still, Manchester prices have increased by over 331.94% over the last two decades, according to official Land Registry data – the largest capital growth out of every major UK city.
These returns are incredibly exciting for investors, especially when you factor in future growth.
According to the latest Savills house price predictions, the North West region of England is set to see property prices rise by 20.2% by 2028 – one of the highest growth rates in the UK.
Factoring this growth with the potential to find student investment property in Manchester for below the £100k mark, while also enjoying NET rental yields commonly found upwards of 7%, the city is undoubtedly a smart choice for investors.
If you’re wondering why student property investment in Manchester is popular, these sky-high returns are why.