It’s time to invest in the UK: the Manchester Property Market boom

If you’re reading this, you’re probably wondering where should I invest in the UK? The answer? Manchester. Although London has long been the go-to place for investors in the UK, (that is up until recently anyway), there has been a property boom in the North West of England, more specifically, in Manchester. Off the back of the spike, the BBC made a documentary about the industry called Manctopia: Billion Pound Property Boom. This told the stories of local residents, residential housing developers and developments as well as potential investors to the area.

At homes4u, we have acquired over 30 years worth of local expertise and have gained a great understanding about what makes the perfect investment opportunity in Manchester. Rental yields fluctuate in different areas of Greater Manchester depending on a number of factors such as the demographics of the area, the housing options, university clusters, infrastructure and many more. These are all things that we know inside and out and are on hand to give you the best local tips for your investment.

What makes Manchester a great area to invest in?

Manchester offers something for every investor. It currently has the fastest growing house prices in the UK, meaning the rental yields are great too. The plans to build a “Northern powerhouse” have given a big boost to the area, with efforts to invest in innovation, skills, businesses, people and importantly property. The local economy thrives from a large student population, and many investors focus solely on this demographic. Investing in areas that have an ease of access in and out of the city centre as well as being close to the universities such as the University of Salford, Manchester Metropolitan University and the University of Manchester can have a huge potential and provide large rental yields.

The fact that Manchester has a 50-60% retention rate of students also means that there is a large number of young professionals looking to rent in and around Greater Manchester. Head over to our investment page to find out more about what’s going in Manchester.

Where should I invest in Manchester?

Below is a table of the top 5 areas in Manchester to invest in terms of avg. rental yields [propertydata 2020].

Homes4u-Branded-Map

 

 

Postcode Avg. Yield Avg. Asking Price 3 year growth forecast
M11 (Openshaw/ Clayton) 6.8% £149,537 4%
M14 (Rusholme/Fallowfield) 5.9% £187,254 5%
M5 (Salford) 5.4% £200,308 6%
M6 (Salford) 5.3% £182,236 7%
M18 (Gorton) 5.3% £154,998 11%

 

Some of the recent investment sales from Homes4u include:

Brailsford Road, a two bedroom, three person home in Fallowfield, Manchester. Property sold at £170,000 with a rental yield of 7%.

Lincoln Grove, a building of 10 apartments in a period conversion. Sold at £925,000 with 8.9% rental Yield.

The Quadrangle, a one bedroom apartment in Manchester City Centre sold at £175,000 with a 6.5% rental yield. 

Speak to a member of the team today to see how you can maximise your return on investment.