Best properties in Manchester to invest in.
Manchester’s property market has continued to boom, catching the attention of both overseas and UK investors. This growth has been driven by Manchester’s strong local economy, its transformation with investment into transport, health and technology facilities by the Northern Powerhouse Investment Fund, plus its increase of businesses and population growth. In addition to these factors, Manchester has also been highly popular amongst young professionals and foreigners, seeing an influx of migration nationally and internationally.
With this increase of population, Manchester has found itself with an undersupply of property. In 2015, the extent of this issue meant that the population was growing at 15 times the rate at which new properties were being built. With the population increasing every day, property prices are expected to start rising in the upcoming years, thus it’s a good time to start investing in property in Manchester.
One Regent, Manchester
The One Regent apartment in Manchester is fully completed and already tenanted offering immediate income. Featuring fully-managed 1-, 2- and 3-bedroom apartments with on-site parking, full concierge service and free furniture pack included. This property is situated in a prime location, being only within a short walk from the city centre and the Deansgate transport hub.
This buy-to-let development offers investors a 6% net return guaranteed for 2 years with prices starting from £233,000. For more information regarding this property or any other Manchester investment property for sale, contact our property consultants.
Regent Plaza, Manchester
This development is a complex of luxury apartments on the edge of Regent Road, Salford. It features 525 apartments of one, two and three bedrooms, plus three-bedroom townhouses to be released over 4 phases, which offer communal areas to its residents, including communal growing beds, outdoor table tennis, social areas, private car parking spaces and private gym.
With the city of Manchester becoming increasingly congested, residents seem to be interested in choosing areas further away from the centre. For this reason, Salford is a great option to relocate to, plus the price of the properties in this area are expected to rise up to 30% in the upcoming years.
Apartment prices start from £156,000 with 70% loan to values mortgages available. Investors will benefit from a 6% net yield guaranteed for two years and a 10% early bird discount. Contact our property consultants for more information about the Regent Plaza apartments for sale.
Local Blackfriars, Manchester
This development of luxury apartment in central Manchester is scheduled to be completed in May 2019. Local Blackfriars comprises of 380 apartments, townhouses and top-floor penthouses across two towers which feature world-class amenities, including communal garden spaces, concierge services, cinema room, gymnasium, laundry room and more.
Apartment prices start from £200,000 with only 15% deposit required. Investors will benefit from an anticipated 7% rental yield per annum and will start earning income as soon as the development is completed. For more information regarding investing in the Local Blackfriars development or any other buy-to-let property in Manchester, contact our property consultants.
The Waterhouse, Manchester
Estimated to be complete by the fourth quarter of 2020, The Waterhouse development is a nine storey building comprised of 86 waterside apartments with private balconies and roof terraces. This project is inclusive of one, two, three and duplex bedroom apartments, plus penthouses with prices starting at £139,950. It features state-of-art amenities including gymnasium and communal lounges, which are highly adaptable spaces. For more information about investment in the Waterhouse development or any other real estate investment in Manchester, contact our property consultants.
Trafford Hall Hotel, Manchester
Rich in history and originally built in the 18th century, the Trafford Hall Hotel is a great place to invest in. It features a prime location, being within a short walk of the Old Trafford football ground, cricket stadium and the Old Trafford Tram stop.
In order to increase the average daily rate of clientele and to attract a wealthier crowd, the owners of the hotel are selling individual rooms to give way to a full refurbishment programme which is expected to raise the hotel star rating to 4-stars.
The hotel room prices start from £52,950 which guarantees investors with 10% net return for 10 years, as well as a 120% assured buyback from the developer in year 5. For more information regarding this hotel room investment in Manchester or other property investments within the area, contact our property consultants.