The Top 7 Places to Invest in Property in Manchester in 2021
Are you thinking about investing in property in Manchester or the North West of England?
This blog will today take a look at the top 7 places to invest in with the North West area of England. The frim focus for the recommended areas is based on demand, growth and investment. Some of these areas might not have been on your current list of locations, so lets go…
Availability of property within the North West region has soared in 2021. One key consideration when thinking about a property purchase is to do your homework and check current planning applications which may be taking place or planned within that area, it could really pay dividends to your purchase if you make a purchase in the area with a proposed significant investment.
7. TAMESIDE
Statistics for Tameside
(Updated April, 2020)
Five Year Price Growth: 23%
Avg. Price for a 3-bed House: 166%
The reason for Tameside is the rental yields are really good, but the tenant profile is really good also!
A plethora of affordable housing exists within Tameside and there are a lot of properties that make fantastic rentals with this great, professional, tenant profile.
6. WIGAN
Statistics for Wigan
(Updated April, 2020)
Five Year Price Growth: 21%
Avg. Yield for a 3-bed House: 4.8%
Avg. Price for a 3-bed House: 134k
Avg. Rent for a 3-bed House: 559pcm
A hidden gem within the North-West and alongside area’s such as mining village Astley, with an abundance of greenery, great walks and historical landmarks.
Wigan is a great all rounder and offers great, balanced affordable housing for both property investors and general purchases.
5. Chester
Statistics for Chester:
(Updated April, 2020)
Five Year Price Growth: 14%
Avg. Yield for a 3-bed House: 4%
Avg. Price for a 3-bed House: 248k
Avg. Rent for a 3-bed House: 860pcm
Chester is a beautiful place, with a lot of history and architecture. If you are looking for serviced locations then Chester is your location! A destination for property flipping, but on the downside rental yields can be low-do your research here! On the good side the re-sale-to-homeowner market is very strong!
4. WARINGTON:
Statistics for Warrington:
(Updated April, 2020)
Five Year Price Growth: 20%
Avg. Yield for a 3-bed House: 3.9%
Avg. Price for a 3-bed House: 216k
Avg. Rent for a 3-bed House: 745pcm
Warrington is very similar to Wigan, in terms of why you might consider an area as a good place for investing in property. The yields are good, however the prospects for capital growth in Warrington are higher than they are in Wigan currently. There is a lot of investment and infrastructure happening within Warrington and it’s surrounding counterparts.
The downside to Warrington properties is the yields can be quite tight due to demand!
3. WYTHENSHAWE
Statistics for Wythenshawe:
(Updated April, 2020)
Five Year Price Growth: 29%
Avg. Yield for a 3-bed House: 4.4%
Avg. Price for a 3-bed House: 205k
Avg. Rent for a 3-bed House: 789pcm
A South Manchester area not on the radar-but it should be!
With close links to Manchester Airport and affluent areas such as Cheadle and Cheshire, there is a lot of infrastructure development going on!
With Metrolink links and easy access to Manchester city centre, has meant house prices have gone up significantly within this area. You could see yields of 7% and above in Wythenshawe. Think the long-term for this area.
2. MANCHESTER CITY CENTRE
In Manchester central capital growth and rental appreciation have been excellent and the tenant profile is very very strong, note though rental yields in Manchester City Centre and in South Manchester can be a little lower than in other areas! Filled with trendy quarters spread across the city and fine eateries Manchester has had a huge ton of investment and continuous to do so!
SALFORD:
Statistics for Salford:
(Updated April, 2020)
Five Year Price Growth: 29%
Avg. Yield for a 3-bed House: 4.9%
Avg. Price for a 3-bed House: 239k
Avg. Rent for a 3-bed House: 1,020/pcm
You can walk into Manchester City Centre from Salford in 10 minutes, in terms of growth, Salford has a lot of potentials and there could be a lot of long-term benefits to investing in this area.
The yields are good in Salford, for straightforward buy-to-lets at 8% and for HMOs, and other high-yielding, cash-flow investment properties, where you can comfortably achieve yields of 12%+!
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