Investing in Manchester Property
There’s no doubt that Manchester is one of the UK’s best cities for property investment. With strong capital growth, high rental yields, and demand from desirable tenants, it’s not hard to see why so many investors are being drawn to the Manchester property market. If you’re considering making a Manchester property investment of your own but you’re unsure where to begin, take a look at our guide to finding the perfect property for sale in Manchester. Here, we offer tips on each stage of your search, with reasons why when looking for new apartments for sale, Manchester is such a key city to pursue.
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Think About Your Budget
With every investment, it’s important to establish a budget to help you understand how much you can afford to spend and get a clearer picture of the opportunities that fit your needs. The choice of property for sale in Manchester can vary depending on location. In Manchester city centre, property prices can be more expensive than those in areas like Salford. Our Salford Quays Bridgewater Wharf investment property, for instance, is available from £134,950. The fact that these properties are off-plan also adds to the affordability of the investments, as off-plan property in Manchester is often more affordable due to competitive, below-market rates.
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Decide Between Student or Residential Investment Properties
Manchester property investment is so popular, in part due to the fact that the city attracts so much rental demand from both students and young professionals. With a range of fantastic business opportunities available, along with a thriving student scene, investors pursuing property for sale in Manchester can benefit from high rental demand and fewer void periods than they might experience in other UK cities. As part of the process when searching for property for sale in Manchester city centre or elsewhere in the city, you should think about whether you would like to target student or young professional tenants. There are benefits to each property type which you should look into. For example, student properties can often be lower-priced, whereas residential apartments can offer better capital growth rates. To weigh up the pros and cons of each, read our guide to residential vs student property investment in Manchester.
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Research the Best Postcodes with Property For Sale in Manchester
When seeking new apartments for sale in Manchester for your investment, it’s important to research different Manchester postcodes. Certain areas in Manchester are known to be more promising for investments than others, so getting a clear picture of the top-performing postcodes is crucial. Like in many cities, exploring property for sale in Manchester city centre is one of the best options as the city centre, home to postcodes like M1, offers some of the highest rental yields and strongest demand. Other Manchester postcodes, such as M5 and M3 in Salford, are popular with investors due to offering rental yields of up to 5.1% on average. While more suburban parts of Manchester, such as Old Trafford, home to the M16 postcode, offer some promising yields of 4.3% on average, it’s clear that when looking for new apartments for sale, Manchester city centre and Salford are prime options.
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Get in Touch With RWinvest For a Helping Hand
If you’re ready to find your next investment property and want to explore property for sale in Manchester, get in touch with RWinvest.
We have new apartments for sale in Manchester city centre and Salford, offering our investors the highest Manchester rental yields, capital growth, and demand, along with below-market off-plan prices.
To begin your investment journey, contact us today to find out more.