Manchester’s property market is booming, and the smart investors are already eyeing up different postcodes in and around the city. Luckily for you, we’re here to make sure you stay ahead of the curve with our handy guide.
Manchester is a fantastic investment opportunity, but where are the best places to invest? If you’re wondering where to put your money next year, here are some of the areas worth keeping an eye on.
Fallowfield rightly takes first place in Manchester’s property hotspots. It’s a neighbourhood that is home to much of Manchester’s university population. You will find streets lined with Victorian terraced properties that are often turned into houses of multiple occupation (HMOs) and student houses by investors.
It is walking distance to the university and has easy access to the city centre via Rusholme’s famous Curry Mile. The student houses here consistently generate exceptional yields which makes it a hot neighbourhood for investment properties.
The ongoing regeneration of Salford is attracting tenants in droves, having a significant impact on rental prices and yields, seeing 37% rental growth in the past three years alone – the fastest growth of any Greater Manchester borough.
You have the BBC, Salford Quays and Media City on your doorstep which makes Salford one of the most vibrant and exciting places to live in the North West. Property values are climbing quickly which is great news if you are planning on long term property investment.
If you are working with a slightly tighter budget, Clayton can offer sensible prices with a good yield. The Victoria North and Eastlands regeneration corridor runs through here which means capital growth sits alongside the rental income rather than instead of it.
Buy within close proximity to transport and regeneration sites for a great investment in this part of Manchester.
Ancoats is a buzzy area, close to the city centre that attracts young professionals and creatives as tenants. While properties have a slightly higher price here, they are still affordable and offer low void periods plus premium rents when compared to other locations across Manchester.
It is an area where meaningful capital growth is projected year on year and is one of the best for landlords looking for long-term growth with solid income.
Nestled between numerous south Manchester hotspots, including trendy Levenshulme and Stockport’s sought after Heatons, Gorton attracts mid-income renters such as young professionals and families who have been priced out of buying in those more popular areas.
Gorton offers incredibly strong yields and investing in the better regarded pockets near parks and good transport connections will protect long-term value.
