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Best Buy To Let Areas In Manchester



Learn more about our investment properties by taking a look at our guide to find out how to buy properties in Manchester. You can also discover some of the best buy to let areas in the UK with our helpful guide to the top buy to let towns and cities.




best buy to let areas in manchester



Daniel Williams is a senior property writer at RWinvest. Regularly publishing in-depth articles on topics such as the best investment areas in the UK and guides on how to invest, Daniel has a keen eye for statistics and analysing property market changes.


Plus, there are a growing number of buy-to-let properties available at prices to suit the budgets of all investors. New developments are spread over several areas, such as Media City, Salford, Ancoats and the student-friendly districts near Oxford Road.


In summary, there is value to be found all over Greater Manchester for a buy-to-let investor. Aside from the popular, well-known areas across the centre, this research has sprung a number of surprises that highlight the value of looking around.


Greater Manchester is also one of the top student destinations in the UK. There are around 100,000 students at universities including the University of Manchester and Manchester Metropolitan University so the areas near the universities have a big student accommodation market.


Where are the cheapest areas of Greater Manchester? Where are the most expensive areas of Greater Manchester? HM Land Registry say that the cheapest areas of Greater Manchester are Bolton, Oldham, Rochdale and Wigan. The most expensive areas of Greater Manchester are Trafford and Stockport.


The huge Kingsway Business Park near Rochdale provides many jobs. A planned new development zone known as Atom Valley in the Rochdale, Oldham and Bury areas could provide a major new centre of employment and industry in the coming years.


Droylsden is bizarrely missing from the radar of most property investors. When you look at its central location - just 15 minutes from the city - and what it has to offer in terms of transport links and leisure, its prices are just too low. The neighbourhood has been growing in popularity since 2013 when it got its own Metrolink station. As young professionals look to move to areas just outside of the city, Droysden will only get more and more desirable, offering more bang for your buck and a good rate of capital growth.


The M14 area of Manchester has been pinpointed as one of the best areas for buy to let in 2020. Average property prices in the region of 170,000 and potential rental yields of 7.6% certainly look very attractive to Manchester buy to let investors.


Both Rusholme and Fallowfield are popular areas with students at the University of Manchester and Manchester Metropolitan University. There are a number of student halls in the area and students who choose not to stay in halls often choose the terraced houses of Rusholme and Fallowfield. Fallowfield housing attracts a premium and HMOs in Fallowfield tend to be of better quality.


Cities in the North are currently offering some of the best yields, particularly when compared to previous hotspots like London, alongside growing house prices that have the potential to deliver attractive capital gains when it comes time to sell.


As well as choosing the best buy-to-let areas in the UK, landlords can maximise their potential to generate higher yields by undertaking renovations and updates to make the property more appealing to tenants.


When it comes to the best buy-to-let areas in the UK, the key for investors is to monitor changing tenant demands and ensure their chosen property will deliver decent rental yields that can cover the monthly costs of the property.


We understand that the most important things for landlords are yields, as these will determine what sort of return on your investment you will make. What makes Manchester one of the best investment opportunities in the UK is that its low house prices and high demand for rental property produce good yields for landlords.


At Property Fit, we always know which areas are good for investments and which should be avoided. We have three or four preferred areas in Manchester with high demand and great potential for capital growth.


There are also wider implications that should influence your decision to invest in Manchester, as many companies choose to invest in Manchester because there is such a big supply of well-educated and trained graduates. Over 60% of these graduates decide to continue living in Manchester and will go on to become young professionals looking for rental properties around the city centre, or further out in Greater Manchester in areas that have good transport links


Thinking of investing in one of the top cities mentioned? Ensure you undertake further research into specific areas that align with your strategy. Use our free buy-to-let calculator to forecast projected rental yields and capital growth. Why not call a few local lettings agents to check if the areas you are considering align with tenant demand and your projected yields.


When we consider the best places to invest in UK property in 2023, we take several important points into account about the location including past performance, current returns and future potential. These can be broken down into several key categories such as property prices, rental yields, tenant demand, transport, employment, population growth and affordability. This highlights several key best places to invest:


A mainstay within the UK market, Birmingham remains one of the best places to invest in 2023 due to the sheer amount of regeneration, demand and growth it is forecasting. While the Big City Plan continues to revolutionise the city, adding new mixed-use developments and public spaces, Birmingham is forecasting price rises of 24.5% by 2026.


A powerhouse for Yorkshire, Leeds has built itself into one of the best places to invest in UK property in 2023 because of the strong rental returns it can provide. As the second-largest banking and finance sector in the UK, Leeds has a huge pull with professionals in these sectors, which is driving demand for the rental market.


While price growth has been weaker than most on this list, property forecasts suggest that Liverpool could see values rise by 28% over the next four years, which would cement it as one of the top areas to invest in property for capital growth.


As one of the most affordable locations on this list and the 8th largest city in the UK when measured by population, Newcastle remains one of the top areas to invest in property because of its incredible graduate retention rate and a growing population.


While the North West has led the way over the last five years and has incredible projections going forward, Birmingham has shown exceptional growth over the last 12 months and remains one of the best property investment areas in the UK for investors that want rental returns and capital appreciation.


With the unpredictability of the mortgage market, we want you to have complete confidence in our service, and trust that you're getting the best available rate and the highest chance of mortgage approval.


A total of six Liverpool postcodes were ranked among the top 25 best buy to let areas in the UK. L7, which spans the city centre, Edge Hill, Fairfield and Kensington, was the standout area with an average rental yield of 9.79%.


Yes, this is a problem that many landlords face when applying for a Buy to Let mortgage whether that be in Ireland, England, Wales, Scotland or elsewhere. There are also certain areas in the UK that lenders deem as higher risk in the mortgage market. This could be because of falling levels of unemployment in the area, low levels of wage growth or falling house prices.


Landlords applying for a Buy to Let mortgage in rural areas including some parts of Wales, Scotland and Northern Ireland can sometimes find that where there are fewer properties and a lower population, there may be fewer lenders and options.


They will dedicate their time to research the best places to Buy to Let as well as the best lenders based on your circumstances. They can also assist you through the process of applying for a mortgage whether that be in the UK or overseas.


In recent years, Manchester has witnessed considerable commercial success, and today a huge number of leading companies have relocated to the city and the surrounding areas such as Altrincham, Stockport, Bolton and Warrington.


Manchester has long been one of the best places for buy-to-let investors and with average yields of over 6%, there are plenty of opportunities for property investors to get in on the action. As well as robust rental yields throughout the region, Manchester also benefits from one of the UK's levels of capital appreciation. In a recent Zoopla Report (June 2022), Manchester was ranked the country's third-highest capital appreciation, with annual house prices in Manchester showing a year-on-year increase of 9.6%.


Whilst it obviously far more difficult to predict future property prices in the city, the increasing level of structural demand, driven by lower levels of supply and increasing population undoubtedly present a positive framework for clients looking to purchase a buy to let property in Manchester and the surrounding areas.


Crowned as one of the best types of buy-to-let property, student accommodation is in constant demand and is one that investors can take advantage of. As the student population continues to grow across Manchester universities and their surrounding areas, so does the need for suitable and modern student housing.


Rent across Manchester has increased by 30% over the last four years and even the boroughs themselves have seen considerable growth over the years. This includes areas such as Salford, Trafford, Bolton and Stockport which have seen rent increases between 11% and 20%.


There are many reasons why people are making the move. Average weekly wages are indeed lower, according to Centre for Cities, the average weekly wage in London is 751.40, compared to 525.60 in Manchester. However, living costs are modest in Manchester vs. London. According to home.co.uk, average rents in London are a staggering 2,788 pcm, compared to 1,141 pcm in Manchester. Wages are not as dissimilar, so it is understandable that people would want to live somewhere with lower living costs, where they have a bit of extra money in their pocket at the end of the month. Regeneration and business relocation also mean that people often have access to the same jobs, especially in broadcasting and technology, where Manchester was voted the best city to work in. 041b061a72


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