In this guide I will look at the borough of Manchester within Greater Manchester, leaving out the City Centre, which has been covered separately. The Borough of Manchester extends southwards from the city center all the way down to Wythenshawe and the Airport. It is a densely populated, diverse, and vibrant borough. In recent years it has seen rapid growth in house prices, which look set to continue well into the future.
Hulme and Moss side are about a 15/20 minute walk into the city centre. These areas have been known to be rougher areas. However, recently we have seen affordable accommodation increase interest in these areas and the reputation of the area continues to improve.
Rusholme has one of the largest south Asian communities in manchester. Further south we will find Longsight, Fallowfield and Withington. These areas are very popular with students renters and permanent residents that desire a short commute into the city for work.
Didsbury is an affluent, upmarket area with lots of nice shops and cafes. The higher prices here will mean you will struggle to achieve high yields but you are likely to get better capital growth over time. The Tenant profile in Didsbury is likely to be a lot better too.
Wythenshawe has a massive number of ex-council properties. Recently, house prices and rental demand have been increasing at a fast rate. This started even before the current BOOM in the market with the building of the metro link and the expansion of Manchester airport.