Nicholas CorkhillWhere to Invest in Manchester?
Updated: Feb 16, 2021
Manchester consists of 10 separate boroughs and 2.8 million people. So where to invest?
Check out my video or read below to find out!
The best place to invest will depend on your own strategy.
Investing for high yield on a standard BTL
Simply put, invest in parts of Greater Manchester where you find cheaper property and strong rental demand. The lower purchase price, compared to rental income will help you achieve yields of 7% and up. Try Gorton, Abbey Hey, Droylsden, Ashton-Under-Lyne, Oldham, Rochdale or Bolton.
Hands-off investments with strong capital growth
Choose the best developments in parts of the city centre such as Deansgate & Spinning Fields, or Ancoats, New Islington and Salford Quays just outside of the city centre. Sacrifice some yield in favour of buying the very best units you can afford. You could also look at the best of the suburbs like Altrincham, Wilmslow and West Didsbury.
HMO investment
Avoid areas with Article 4 restrictions such as City Centre, Chorlton, Fallowfield, Airport City and large parts of Salford. Aim for anywhere with good transport links and plenty of employers such as the outer parts of Salford, Ashton-Under-Lyne, Thamside and Bury.
Buying property for re-location
You are probably interested in finding a pleasant suburb with good schools, good retail options and good transport links. You could consider Sale, Altrincham, Chorlton, Trafford, Wilmslow and Alderly Edge.
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