At the moment, the best buy to let areas in the UK tend to dominate the North of the UK. With a strong focus on north-west property, cities like Liverpool and Manchester are offering some of the most exciting and worthwhile investments in the industry. Two major players in the Northern Powerhouse, both of these cities have received billion-pound investments in regeneration. However, property prices remain relatively low in comparison to rival regions down south, allowing buy to let investors to reap the benefits of maximum capital appreciation with low-priced initial spending. These locations also have a wealth of opportunities in both the residential and student sectors, making them all-round winning buy to let destinations.
Top UK Locations
Regeneration has taken over the landscape with new cranes cropping up on the skyline every day. What was once a sea of derelict buildings and rioting streets is now the home of a booming property market with pioneering developments around every corner. Billions of pounds worth of new properties plus renovations to existing structures puts the Liverpool property market on every investor’s radar, with average rental yields coming in at 8%. Liverpool’s existing culture of art, music and industry has been enhanced with galleries, live venues and museums.
The population is increasing year on year, highlighting a growing number of residents in need of accommodation, which there is simply not enough of. The rising prominence of Liverpool as a major northern city is also attracting many young professionals who seek luxury accommodation within walking distance of the city centre. Properties like ELEMENT- The Quarter are leading the way in this regard. Located in the thriving Knowledge Quarter, ELEMENT – The Quarter is the first eco-development in Liverpool and the North West. The stats that show that a large demographic responsible for much of the population growth is between 17 and 29, an ideal tenant for buy to let property.
Liverpool also has three universities and a huge student population of around 70,000, ensuring a high demand for student accommodation which therefore breeds high percentage yields for investors.
As arguably the best place to buy property, Manchester is deemed the driving force of the north and is the second most populous UK region outside of London.
The vibrant culture blending music, art, history, food, fashion and much more is recognised worldwide and has been manipulated by the market in developing stand-out buy to let properties in close proximity to these urban attractions. Enticing students, residents and investors from overseas and the UK, the Manchester property market features in the top 25 hotspots for buy to let yields.
Residential property is beneﬁting from the abundance of workers who are choosing to relocate from more expensive southern regions to a city where they can enjoy a similar urban experience at a more aﬀordable price. Manchester is home to plenty of corporate giants and digital industries which snap up the brightest young professionals in the business. Its specialised business quarter at Spinningfields has even been deemed the ‘Canary Wharf of the North’.
Student property is also a hot investment as its 3 prominent universities invite over 100,000 students to take on a new adventure in this fast-paced city. Balancing the coolest bars with some of the most innovative institutions makes Manchester the 4th most popular city in the world for higher education study.
Buy an Investment Property with RWinvest
At RWinvest, we’re proud to offer some of the most lucrative investment opportunities in key UK buy to let cities like Liverpool and Manchester. Properties like Parliament Square and Bridgewater Wharf are perfectly located in the heart of these two major Northern cities, offering some excellent yields and capital growth potential. To get started with building your own property investment portfolio, get in touch with our team today or browse through our latest buy to let opportunities.
80% Units Sold
6% Projected Rental Returns
Up to 34% Below Local Comparable
Creating a Buzz in the Luton Market
5% Rental Returns
75% Sold Out - Units Selling Fast
UK Leading Developer
Assured 7% NET Rental Yields
15-20% Below Market Value