Why Invest in Manchester?
Due to the 90’s resurgence, Manchester, for many cool and trendy growing up, has over time became one of the best cities outside of London, in England, to be associated with.
Why? It always rains they say? The city may famously have some of the highest recorded rainfall levels in the UK, but, ever since the 1990’s and those famous nights at the Hacienda night club, it has been pushed as a cool and trendy place to be by music, by sport, by art and culture.
The Smiths, The Stone Roses, Joy Division, Oasis, Take That, New Order, Simply Red, the Verve, Swing Out Sister, Happy Mondays, musically the city has long inspired many, and in sport, with City and United, it has long stood tall as known globally for its football above all.
The now urban mix of old Mill Buildings and new modern skyscrapers is exactly why Manchester is cool and trendy, it always gives a nod to its past, whilst similarly also looking towards its future.
Both the past and future are telling guides as to looking when and where to invest. Does a city have pulling power? Do I see vision within the area for property price growth? Do people want to live and work here? It is telling that Manchester ticks all these boxes.
Property prices are on average around £249,000 in the city with rental averages over £1,200 with often stronger rental yields than the National Average due to a popular market for short term and mid term letting as well as letting to corporations who have surged to the city in recent years.
The BBC, ITV, Google, Barclays, Adidas, all joining established Manchester brands like McVities, Kellogs, Co-Op, to house employment locally in recent years.
Places to Invest?
Fallowfield, Gorton, Longsight, Openshaw.
Why?
Slightly, to the south-east of the city, these areas are close enough, to important locations of interest, like Manchester University, Old Trafford, the Etihad Stadium, the city centre, but far enough to provide suburban living, at an affordable price.
Also consider…
Salford, Swinton, Winton, Eccles, with the much-improved area of Salford Quays in recent years, the home of MediaCityUK, this whole region has seen impressive growth in quality of living and in property prices and rents on offer. Higher end, higher risk, but the beauty of this area is demand for housing of those more affluent, working within the areas financial and media hub that has already attracted some of the nation’s biggest brands in business to its doors.
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Latest property investments in Manchester.
2 bed empty freehold terraced house in Worsley with discount on purchase price
Purchase price: £144,000
2 bed terraced house in Moston with professional tenants let at £1,000pcm
Purchase price: £147,000
Mix of apartments in 85 block unit close to Manchester City Football Club
Purchase price: From £169,950
2 bed apartment in Manchester city centre with 10 year build warranty
Purchase price: £216,000
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