Property investments Manchester

Manchester sits at the heart of the Northern Powerhouse as one of the UK’s most rapidly developing cities. As a result, it offers a wealth of buy to let property investment opportunities.

Through expansive growth – most notably the MediaCityUK hub, Manchester is now home to the likes of BBC, ITV, Ericsson and Kellogg’s. This has stimulated population growth which in turn has drawn property investors to the city.

With high rental yields and capital growth opportunities, investment properties for sale in Manchester are gaining momentum. Therefore, it’s a great time to look at the best buy to let areas in Manchester.

The average price of new build properties in Manchester is currently below the national average, consequently making it highly attractive for investors and one of the best areas for rental investment.

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Our property investment consultants are available to discuss off-plan and buy to let properties for sale in Manchester.

With such a vast array of residential property investment opportunities offering high rental yields and strong capital growth, finding the right property investment for sale in Manchester is key to ensuring you can meet your specific investment goals.

Alesco have extensive experience with the Manchester property market and our dedicated buy to let portfolio offers a wide range of unique and exciting property investment opportunities.

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A member of our expert property investment team is available now to provide you with details of the Manchester property investment opportunity that’s going to be a great addition to your property portfolio.

Known as the “Capital of the North”, Manchester’s economy rivals that of London and the metropolitan area hosts upwards of 2.7 million people. The city is one of the most favourable property ventures to consider, particular for buy to let investment properties.

Manchester Investment Overview

Manchester is a city on the rise. Recently named the most liveable city in the UK by The Economist, renowned for culture, world class football teams and musicians. But it seems this iconic city will soon be known for much more.

Huge investments from the government are revitalising neglected areas and in doing so will flood the city with jobs, an estimated 110,00 over the next decade. With more jobs will come more residents, its estimated that the population is going to increase by 631,500 in the next 20 years. All this makes Manchester an ideal location for any investor looking for high rental yields and capital growth.

Not that Manchester was in dire straits before the investment, The city has the second largest economy of a city region in the UK. The city has transformed from a powerhouse of the industrial revolution through its cotton industry in the 18th and 19th centuries to be one the UK’s main digital hubs in the 21st.

• Average property in Manchester has increased 40% in 12 months
• The current average rental yield in the city is a whopping 6.63%
• Between 2006 and 2016, the population of Greater Manchester grew by an astonishing 7%

Manchester Property Investment in 2023 is set to continue the upward trend it has experienced in recent years with both Manchester rental yields and Manchester property prices set to increase.

Manchester is rapidly becoming one of the UK’s most developed cities, huge swathes of commercial and residential regeneration are making it a goldmine for buy-to-let investors. In the past 24 months alone, £1.6billion has been invested in to the city as part of the Northern Powerhouse initiative.

The projects Spinningfields and MediaCityUK have seen the likes of AstraZeneca, Siemens, Barclays, BBC, Google, Kellogg’s, and RBS set up in Manchester. All of whom brought their affluent workforce with them.

The 200-acre site of MediaCityUK alone houses the BBC, ITV, Ericsson, and Salford University. As a result, demand for the housing in Manchester has increased rampantly. A 2020 study by Zoopla in revealed that the supply and demand ratio of properties in Manchester was an astonishing 1:5.

In the Economist’s Global Liveability Index, Manchester was named as the best UK city to live in. The index ranks 140 global cites on factors including political and social stability, crime rates, education, and access to healthcare.

Manchester has produced some of the biggest names in music, ranging from Take That to Oasis. The clubs, bars and music venues frequently see performances from stars of every genre. Manchester is an undisputed music heavyweight, but the city has much more to offer than just its extensive music history.

Outside of music, the city offers highlights including the Museum of Science and Industry, Imperial War Museum North, Whitworth Art Gallery, The Lowry, HOME, and the Manchester Art Gallery.

The culture of Manchester cannot be discussed without mentioning football. The city is home to 2 Premiership powerhouses, Manchester City and Manchester United. Estimated to have a combined 200 million supporters across the globe, these 2 clubs are bastions of life in Manchester.

Greater Manchester has one of the largest student populations in Europe, with almost 100,000 students studying at 5 institutes of higher learning.

The University of Manchester is one of the UK’s best institutions and sits comfortably in the Top 20 on the University League Table 2023.

Campuses are based around Oxford Road in the south of the city, making this one of the key investment areas.

Manchester’s superb education, excellent graduate job opportunities and low living cost have meant its retention of graduates is one of the highest in the country. This creates a surge in demand for places to live in Manchester and as a result property investors are able to benefit from young professionals looking for places to rent in Manchester.

MediaCityUK is a mixed-use property development located between Salford and Trafford, which has transformed the property investment potential in Manchester and surrounding areas.

Transforming the former disused docklands, the extensive media complex is now home to several media outlets such as the BBC, ITV, as well as the University of Salford and has created thousands of jobs since construction started in 2007. With such a boost to the local economy, phase two is now underway, set to add to the growing number of media companies, shops, restaurants, and other amenities.

As a thriving business hub, more young professionals are gravitating to the region for work, creating a high demand for buy-to-let properties in Manchester. If you want to invest in buy-to-let in Manchester, it’s worth considering developments with easy access to MediaCityUK.

Located in the heart of Manchester city centre, Deansgate is considered one of the most desirable places to live owing to its accessibility to just about everything Manchester has to offer. The area has a mix of residential and commercial properties which heightens the appeal for young professionals looking for rental properties in Manchester.

For property investors looking for buy-to-let properties in Manchester, Deansgate projects rental yields averaging around 6%, ensuring investors are able to capitalise on demand and gain a substantial return on their property investment.

The Northern Quarter of Manchester is a vibrant and exciting community located in the centre of Manchester. Home to a wide variety of shops and dining outlets, it’s well recognised for its distinctive creative scene and artistic culture.

Considered a Manchester ‘neighbourhood’, it’s become a popular destination for both buy-to-let property investors and for those looking to rent in Manchester.