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Why Invest In Manchester Off-Plan Property?

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    Should I Invest in Off-Plan New Build Developments in Manchester?

    The Manchester property market remains one of the most attractive prospects when it comes to UK investments.

    A thriving and forward-thinking metropolis, increasing numbers of people are choosing to live, study, and work in this amazing city.

    The growing numbers of people in need of Manchester new homes have, in turn, created a boost in demand for new properties in the Manchester real estate sector.

    This has led to the creation of new build developments in Manchester, which are being built in and around the city centre and giving property investors the chance to make an investment in the fantastic choice of off-plan property Manchester has to offer.

    But is investing in the off-plan property Manchester offers worth it, and how can you find the perfect new builds for sale in Manchester for investment purposes?

    Here, we take a look at the benefits of investing in new build apartments in Manchester to prepare you for your next successful property venture.

    Want to find out more?

    Keep reading our guide to investing in off plan property Manchester.

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      Off-Plan Property

      What Is Off-Plan?

      Off-plan property is a property that’s not yet completed. When the investor purchases an off-plan property, it’s still in either the development stages or planning stages.

      Many benefits come with off-plan investments, such as the ability to purchase the property at below-market rates for the lowest price, and the ability to attract more demand.

      So, now that we know what off-plan property is, let’s find out about the benefits that come from investing in Manchester off-plan developments.

      Manchester water

      The Benefits of Manchester Off-Plan Developments

      Manchester off-plan developments are definitely an excellent opportunity to consider.

      There are so many benefits to off-plan property investment alone, such as the increased chance of capital growth and below-market rates.

      Pair these with the fact that Manchester is such a thriving hotspot for investment, and it’s evident that buying off-plan property in Manchester is a smart move to make.

      Let’s take a look at the benefits of investing in the many new build developments Manchester has to offer.

      Investment in Off Plan Property Manchester Means Increased Growth

      Since off-plan properties are still in the development stages, buying the off plan property Manchester offers may allow your property to increase in value by the time it’s been built.

      The chances of this growth are then increased if the investment properties are based in a prime area surrounded by plenty of regeneration, making new builds in Greater Manchester the perfect opportunity since Manchester property forecast predictions show huge growth over the coming years.

      A prime example of the potential behind buying off plan property in Manchester is with our Hollywood Manchester off-plan apartments, which are located within the MediaCityUK regeneration zone and just a short distance from Manchester city centre.

      MediaCityUK is one of Greater Manchester’s biggest regeneration schemes, attracting a lot of interest and introducing many new build developments to Manchester.

      Because of the location, these new build apartments in Manchester attract lots of demand from those who want to rent a flat in the city which is close to their workplace and the city centre.

      Below Market Prices With Off Plan Manchester Investment

      New build apartments in Manchester city centre and other popular areas like Salford also tend to come with below-market prices.

      By purchasing these type of off-plan apartments in Manchester, based in a prime regeneration zone, you can benefit from accelerated capital growth on top of the North West’s already soaring house price growth rates.

      This is true for our Hollywood Salford Quays development, available to purchase at below-market rates with RWinvest Manchester.

      Priced from just £97,500, our Hollywood development is a great example of the below-market rates that come with the new build apartments Manchester offers, while also being reflective of the overall affordability of the Manchester buy-to-let market.

      Manchester is known for its affordable property market, and this is especially true of new build apartments in Manchester.

      When you compare the same property type as off-plan property in Manchester with London property, the prices are much higher.

      For a new build studio flat in central London, for instance, you’d be looking at closer to £600,000 or more.

      It’s these low property prices that help generate such an attractive net rental return for our Manchester off-plan developments.

      If you’re not already familiar with how rental yields are calculated, they work by taking the purchase price of the property and the rental cost.

      The lower the purchase price and the higher the rental costs of an off-plan property in Manchester, the better the rental income.

      With overall Manchester rental costs rising and tenants being more likely to rent a property in a prime location for an authentic city living experience, new developments in Manchester city centre and key Manchester areas can see some high yields.

      Investors who want to make big rental returns should definitely consider a flat in Manchester for their next UK property venture, and residential developments make a great option for those keen to invest in a brand-new property development in Manchester for their buy-to-let investments.

      High Demand With Manchester Investments

      When you own a buy-to-let property in the city centre of a thriving business city like Manchester, it’s inevitable that you’ll attract a certain type of tenant seeking property to rent — young professionals.

      Emerging as the North of England’s cultural and entertainment hub, many tech companies are choosing to launch their company in the heart of Manchester, boosting the economy and skyrocketing its population by 26%, with employment forecast to increase by a further 4.3% over the next five years.

      Major award-winning businesses reside in Manchester, such as the BBC and ITV, along with a number of start-ups in every industry, from the creative sector to food and hospitality.

      With such high demand from young professionals for city centre apartments, what better time to explore new housing developments in Manchester and the new developments Manchester city centre has to offer?

      Typical traits of young professionals when it comes to housing are that they want to live in a property that’s modern, stylish, and well-located.

      Modern living demands mean that most young professionals don’t have the time to take care of any maintenance issues and redecoration in their rental, which makes new build apartments in Manchester ideal as they’re liveable from the get-go.

      The choices of new builds Greater Manchester and the entire Manchester area tend to receive high levels of tenant demand, causing developers in Manchester to utilise the area.

      Once completed, off-plan properties are entirely new, making everything within them completely state-of-the-art and modern.

      Young professional tenants who focus on finding a new build to live in may consider the freshness of an off-plan property as a big selling point, meaning your levels of demand could be higher with off-plan property Manchester developments than with a refurbishment or period property.

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        How to Select New Build Developments in Manchester to Invest in

        So now that you know the benefits of buying a new build in Manchester city centre or another popular Greater Manchester area, what steps should you take to ensure you make the best purchase possible?

        Before you begin your search for off plan flats for sale in Manchester city centre or elsewhere, keep these following tips in mind.

        When buying off plan property, Manchester investors should focus on finding an investment opportunity with the highest possible yields.

        Not all Manchester city centre apartments for sale come with the same potential, so when looking for new build developments in Manchester, investors should take advantage of those with strong yields as this will ensure the highest possible returns.

        Our current choice of new build apartments in Manchester city centre and Salford come with projected yields of up to 6%.

        This allows you to maximise your rental returns as much as possible while benefitting from strong capital growth due to the prime Manchester location.

        Next to rental yields and capital growth, demand is another of the most important things to think about when looking for apartments for sale in Manchester city centre or other key Manchester hotspots.

        Without demand, you won’t attract any tenants, and without tenants, you won’t make rental returns!

        Make sure the area of the property you’re interested in is known to be popular with tenant groups like young professionals as this will ensure you generate a high enough level of demand to help your investment succeed.

        The current Manchester properties for sale with RWinvest Manchester are based in high-demand areas like the city centre and Salford, generating a lot of interest from tenants.

        Researching the company behind any new developments in Manchester city centre or elsewhere is a crucial step.

        Without doing this, you could be purchasing a property development in Manchester which is led by an inexperienced developer, which may raise lead to issues during your investment process.

        By researching the company behind the property development, Manchester investors can make sure they’re looking at buying new build apartments in Manchester city centre from a trusted and reliable company.

        There are a number of ways to do this, such as reading Manchester property news coverage on the developer and reading client reviews.

        The property investment company working with the developer should also signal whether or not they’re a reliable company, as experienced property companies only tend to collaborate with the best developers on the market.

        Embankment Exchange

        The Best Off Plan Property Developments in Manchester for Investment

        If you’re interested in off-plan investment and looking for new build apartments in Manchester that meet your price range and investment goals, you’re in the right place.

        Here at RWinvest, we have a range of fantastic new build flats in Manchester, boasting some of the most exciting new developments Manchester city centre and other key Manchester areas have to offer.

        Scroll down to read some information about the latest new build developments in Manchester available to purchase with RWinvest.

        Embankment Exchange

        Embankment Exchange is a new and exciting property development located in the Greengate area of Salford and developed by Legacie.

        Greengate Manchester is one of Manchester’s most up-and-coming areas, and is a huge regeneration zone for the city. Set to see significant growth over the coming years, investing in Greengate is a smart move.

        This new Greengate property is priced 34% below market value with prices from just £179,950.

        Luxury onsite facilities like a dedicated work from home area, a stylish residents-only lounge and bar, and a fully-equipped onsite gym all make the apartments in this development highly desirable for Manchester renters.

        Enquire now to learn more about this fantastic Manchester investment opportunity.

        Merchants Wharf

        Merchant’s Wharf is the latest new build development from Legacie Developments.

        Located perfectly in between Manchester city centre and Salford Quays, this property boasts below market prices and excellent capital growth potential.

        Like many other new build developments in Manchester, Merchant’s Wharf has involved the redevelopment of a historic building, once used for Fabric dyeing during the industrial revolution.

        Prices for this off-plan property development in Manchester start at just £149,950, which is around 55% below market value.

        This is one of the best deals for Manchester off plan investment on the market right now, so don’t miss the chance to invest in Merchant’s Wharf today!

        With £10k Discount Applied

        Completed and fully furnished back to market property on the 13th floor of our best-selling, flagship development.

        Why Choose RWinvest for Off-Plan Property Manchester?

        Fantastic Choice of New Builds in Greater Manchester

        We are one of the leading Manchester property investment companies and are delighted to bring both UK and overseas property investors a choice of great off-plan new builds for sale in Manchester.

        Our new build Manchester city centre and Salford apartments have been built and constructed to the highest standard, with a choice of studio, one, two, or three-bedroom properties featuring stylish open-plan designs.

        We even have properties offered in hot up-and-coming investment hotspots, like Wigan property investment – click the link to read the full beginners’ guide for 2024.

        Amenities in some of our Manchester properties include luxury private balconies, such as in our Bridgewater Wharf development – an exciting new build property development in Manchester, located in the Salford area.

        Better yet, those looking for Salford new builds or new build Manchester city centre apartments can benefit from below-market value prices.

        Prices for our new builds in Greater Manchester start from as low as £134,950 with our Bridgewater Wharf property, making these off-plan property opportunities perfect for investors seeking new housing developments in Manchester and considering low entry prices part of their search criteria.

        Our newest Manchester investment, Merchant’s Wharf, is also available with below-market prices, with prices starting at just £149,950 for an investment in a high-growth location.

        If you’re interested in buying a Manchester off-plan property of your own and want to explore our range of new builds Manchester currently has on offer, get in touch today.

        We can advise you on our current new build developments in Manchester and help you find an opportunity matching your search.

        For Manchester property news and updates on the status of each of our choices of off-plan property in Manchester, be sure to check out the latest construction updates for each development and stay up to date with our buy-to-let news section.

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        Author

        Reece Pape

        Reece Pape is a property writer at RWinvest. Reece is passionate about keeping property investors updated on must-have information and housing market news, utilising the latest property market statistics and data.

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