Property Investment Manchester - Your Guide
Everything you need to know when looking for investment property for sale in Manchester
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Manchester: Industrial Heritage To Modern City Living
Experience the perfect blend of culture, business, and leisure in the stunning city of Manchester. With the UK property market, if you're looking for some of the highest returns available, investing in Manchester property is the ultimate choice.
Smart investment is your gateway to great returns, and Manchester's exploding property market offers just that! With property prices below the UK average and hordes of students and professionals flocking in every year, Manchester's buy-to-let areas are your best bet to maximize your investment.
If you want to discover why Manchester is the place to be, explore all the best areas to invest in Manchester, and more information about seizing this exciting opportunity, read on.
390%
average property price growth in the last 20 years.
£1498
7.8%
average rental income per calendar month in Manchester.
average gross rental yields.
22%
rental increase in 2022, with another 3% predicted in 2023 alone.
Manchester's Property Market in 2023
Manchester's property market is booming, thanks to the high demand for residential properties in the city. In fact, according to Rightmove's 2022 report, there has been an astounding 15% increase in buyer enquiries compared to the same time last year across the UK. However, Manchester's demand for properties is even higher, with a Zoopla study revealing a 1:5 ratio between supply and demand in 2020. That's right - for every home on the market in Manchester, five people are eager for a place to call their own.
This demand has translated into the rental market as well, with the Manchester Evening News reporting a 20% annual increase in rental demand in Greater Manchester from 2021 to 2022. As a result, rental prices in Manchester are on the rise, making it an attractive investment opportunity. In fact, the five-year average property price in Manchester has increased by a whopping 36% and the 20-year growth rate is an astronomical 390%, the highest among every major UK city. With a population increase of 7.7% between 2006 and 2016 (double the UK average), it's no surprise that the demand for homes in Manchester continues to soar. Whether you're a property investor or a buyer looking for a tenant property in Manchester, the city offers consistent rental demand and huge long-term capital growth.
25.8%
predicted house price growth in Manchester by 2026.
15.4%
predicted rental growth in Manchester by 2026.
56,000
predicted City of Manchester population growth by 2034.
2nd
it is the UK's second most populous city.
Buy to Let Manchester
Manchester's property market has shattered national growth forecasts for years, making it the UK's most impressive property market. And things will only get better. By the end of the decade, Manchester's population will soar to over 625,000–that’s 70,000 more people!
On top of that, under 10,700 units are under construction, creating stiff competition for property prices and rents. This city is a landlord's and an investor's dream, so get ready to buy-to-let and boost your portfolio!
Best Areas to invest in Manchester
Greater Manchester is a real steal for property investors. Compared to the national average, property prices are a whopping 25% cheaper. In fact, the value of property in Greater Manchester is a mere 45% of that in Greater London! With such a high rental demand, boasting a region-wide average monthly rent of £1,461, landlords can expect a bounty of opportunities. Renting to locals, workers, and students in student areas, as well as those in need of short-term and serviced accommodation within Manchester - the possibilities are endless.
But the question remains - how much can buy-to-let investors make from their rental properties? The answer is dependent on property type and location. For more accurate figures, seek guidance from local letting agents. Home.co.uk's Greater Manchester Market Rent Summary states that the average monthly rent across the region is approximately £1,461. Delving into the statistics, on average, landlords in Bolton can expect to earn £902 PCM, those in Bury can earn £1,254 PCM, and landlords in Salford can rake in an impressive £1,652 PCM.
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Spacious one, two, three-bedroom apartments and duplexes available
Manchester
Up to 6% predicted Yield
Predicted rental return from £1,375 - £1,875
JLL - 19.3% capital growth over next 5 years
JLL - 21.6% rental growth over next 5 years
Priced from £275k - £375k
Type: Buy To Let
Type: Buy-to-Let