Best Buy to Let Areas in Manchester

7 mins read

For property investment and UK capital growth, few locations compare to the best buy to let areas in Manchester. This bustling metropolis boasts of thriving economies, diverse communities, and world-class culture, that contribute towards good capital appreciation. In addition, the beauty of buy-to-let property is generating income through rent while appreciating in value over time. In the property market of Manchester, the constant influx of renters need quality housing, so your property investment will never be empty for long.

But it’s not just about the rent and capital appreciation. The city’s entertainment and cultural venues, including theatres, museums, and sports arenas attract many first-time buyers eager to get their foot on this property ladder. Manchester also offers thriving nightlife scenes, with countless bars, clubs, and restaurants.

Of course, buying buy-to-let property is not without its challenges. You must carefully research location, investment property type, and rental rates. You will also need to manage your property effectively, ensuring that it is well-maintained and that tenants are happy. But with the right approach, buy-to-let property can be a profitable investment with good income, constant demand and capital appreciation. Hence, let’s drill down to local neighbourhoods to find the best rental yields and investment property.

Best Areas in Manchester for Buy-to-let-Property

1: Manchester City Centre Property Market

Manchester city centre, a desirable place on the property market for renters and investors, offers thriving local businesses, numerous employment opportunities, and excellent transport links. As a result, many people choose here for ideal city centre living. However, with this high demand comes an increase in house and rent prices, which has become a hot topic among both renters and landlords.

According to recent reports, the average monthly rent can be as much as £2000. This is more than average rent prices in other areas, like Salford or Old Trafford. However, despite these high average prices here, many renters are still willing to pay premium prices for the property market and lifestyle that comes with city centre living.

Manchester city centre has some of the UK’s highest rent yields. In fact, some city centre properties achieve 5% yields significantly higher than the 3% national average. Any property investor with a good budget would do well to look here.

Property Showcase: These modern apartments are located on Great Ancoats Street, one of Manchester’s most important streets. Separating the Ancoats district from the Northern Quarter, Great Ancoats Street has recently seen much redevelopments and infrastructure improvement. With 6% rental yields predicted and 12% capital growth, this property investment is worth considering.

apartments for sale in manchester city centre

These two-bedroom apartments include an indoor living space 70m2 and one excellently fitted bathroom. These properties contain open-plan living rooms and dining spaces with equipped kitchens, oversized bedrooms, plenty of storage space, double glazing, central heating, high-speed pre-installed internet, heating, and high-quality fixtures and fittings.

The 7th story is dedicated to premium amenity space, featuring Paganini’s rooftop terrace, a private residents’ lounge, a unique co-working area with study booths, and private dining rooms for residents to treat guests. For more information, contact us quoting reference number UKMANA249.

2: Property Investment in Salford – Greater Manchester

The average property price in Salford and surrounding greater Manchester areas of greater Manchester is approximately £170,000, and the rental yields are around 5.5%. The rise in property prices and rental demand in Salford can be attributed to the surrounding region and regeneration and development plans.

The greater Manchester area underwent significant redevelopment, with new residential and commercial real estate being built. Salford’s proximity to Manchester city centre has also increased property prices. The rental market in Salford and the greater Manchester area is buoyant, thanks to the city’s growing population and the influx of young professionals.

Showcase Property in Salford: is delighted to offer these high-quality properties for sale in Salford. This project, the first Co-Living tenant-centric UK development, offers exclusive facilities. It sits near Salford University and is a 10-minute walk from the UK’s largest media and tech hub. This development will provide much-needed accommodation to thousands of young people who study and work here.

salford buy to let property

Created exclusively by a leading residential developer and operated by an award-winning in-house lettings and property management team, City Co-Living will revolutionise the UK rental market and take renting into the 21st century. City Co-Living will deliver fully-furnished, self-contained apartments that offer more than just somewhere to sleep whilst having facilities that will be an extension of their home. For an information pack about these studios and one-bedroom apartments, call us quoting reference number UKMANA229.

3: Property prices in Fallow Field

In the M14 postcode area, Fallowfield appeals to students because of the nearby University of Manchester and Manchester Metropolitan University. The student market in Fallowfield is thriving, with many purpose-built student properties and HMOs being constructed each year. The average house price in Fallowfield is just £210,000, and with a monthly rent of £2,000, investors can expect rental yields of 11.00%. Property types include terraced houses, purpose-built student accommodations, and luxury apartments. The area’s appeal to students affects rental properties in Fallowfield. So there has been a surge in the construction of purpose-built student accommodations and HMOs.

4: Buy-to-let Property in Old Trafford

Old Trafford is a highly sought-after property market in the greater Manchester area. The current average house price in Old Trafford is around £220,000, slightly more than the Manchester average of £200,000. However, this is not surprising considering the area’s popularity. The area offers average solid rental yields of around 6%. This means investors can expect a good return on buy-to-let properties in Old Trafford.

Trafford is Manchester City Region’s most prominent business and enterprise hub, with the highest number of companies per capita. Businesses small and large – from Tech Start-Ups to international corporations –have established a presence in Trafford. Within 20 minutes, residents can also reach other major employers such as Google, HSBC and the BBC (situated in the nearby MediaCityUK).

Renowned for excellent lifestyle and leisure activities, sporting at the forefront, and home to Manchester United’s Football Stadium and Lancashire County Cricket Club, residents are a stone’s throw away from world-class entertainment. The bar and award-winning food scene are also prominent, where highly-skilled young professionals congregate after a day’s work. Many families like Trafford for the educational facilities. Residents will find an array of options from preschool through to universities.

In fact, on the fringe of Trafford is Manchester University, ranked 5th in the UK with 36,000 students, of which 41% are international. Besides the consistent demand, another reason for the buy-to-let investment popularity is excellent interconnectivity. Manchester airport, the UK’s second-largest, is just a 10-minute drive away with direct flights to domestic and international commercial centres. The area is also well connected through an extensive rail network and light rail tram, which will soon include the High Speed 2 (HS2) rail network.

trafford property

Which area has the best rental property yield in Manchester?

Manchester centre and the greater Manchester area have been experiencing a surge in buy-to-let investment projects. As a result, average yields in Salford are among the highest UK average at around 7%. Other excellent buy-to-let areas are the Ancoats and New Islington area, just a short distance from Manchester City Centre, with yields of about 6.5%.

The Castlefield area also attracts working professionals. The area also boasts good nightlife, excellent transport links, and rental yields of about 6%. Rental yields in Rusholme average around 5.5%. Salford, Ancoats and New Islington, Castlefield, and Rusholme are among the top areas that offer excellent rental yields.

Up and-coming areas in Manchester

Another up-and-coming area in Manchester is Castlefield. This historic neighbourhood on the Rochdale Canal banks features stunning architecture and beautiful green spaces. Didsbury, a leafy and affluent area, offers several highly rated schools, cafes, shops, and restaurants for a more suburban feel. This leafy suburb, south of the city centre, has excellent schools, beautiful parks, and a charming high street featuring independent shops and cafes. Moving on, Hulme has events and activities taking place throughout the year.

Average House Prices in Manchester

Average property prices in Manchester have steadily risen, making this UK destination prime for buy-to-let investors and house buyers. As of 2021, the average house price in Manchester is around £215,000, a considerable increase from the previous year. This price varies depending on the property location, with some areas commanding higher prices than others.

The average price per square meter of property in Manchester currently stands at around £2,500. Of course, house prices vary depending on the location, condition and nearby facilities and amenities. Despite the relatively high property prices, the city is still considered an excellent location for property investment. Property prices have been rising steadily over the past few years, which will continue.

Find Buy-to-let Property with Us

Manchester’s thriving economy is popular amongst young professionals and students alike. In addition, the city’s amenities, attractions and transport links draw people in, making it an ideal location for buy-to-let properties.

If you are considering buying property, our portfolio consists of several well-maintained apartments in sought-after locations that will steady income streams. With proper management and marketing, these properties can yield excellent returns over time. Furthermore, there is no shortage of tenants looking for quality accommodation, so investors should have no problem finding tenants for their property in Manchester.

About Us

We are Spot Blue high street estate agent based in London. As a dedicated local estate agent, we offer services to both sellers and buyers. Established as a high street agent in 2003, many leading newspapers quote us for industry insight and predictions. So call us today if you want to speak with a high street agent about buying or selling property in the UK.

Also of Interest

How to Start a Buy-to-let Business: Buy-to-let property investment is a popular way to generate income. However, buying property to rent out requires more research than buying property for yourself to live in. If you are looking at the best buy to let areas in Manchester, this article will be of use. Here we provide detailed information about the advantages of limited companies, how to set up a limited company, the disadvantages, and more.

property investment in Manchester

About Natalie

Natalie is a dedicated real estate professional currently working at Spot Blue International Property. With over a decade of experience in the industry, she has acquired a wealth of knowledge and expertise regarding global properties.

Properties For Sale in Greater Manchester