This month we’re back in Manchester City Centre with an excellent mix of investment properties to suit all different types of investors. Manchester’s property has outpaced UK growth forecasts for a number of years and is rapidly becoming one of Europe’s prominent economic and cultural hubs.
As always, our top investment properties are based in fashionable locations with excellent transport routes, appealing to a wide array of tenants. Whether you are an experienced property investor or a newcomer to the market, this article will give valuable insights into the Manchester real estate market and help you make an informed investment decision.
1) Our first property is a quintessentially Manchester Mill conversion in the highly desirable Ancoats area. This one-bedroom apartment benefits from a well-designed kitchen with modern appliances and a private roof terrace. The fashionable location and high-specification decoration make it a fantastic rental property for young professionals. The apartment is tenanted until September 2023, generating £1150 PCM, representing a 5.5% yield.
Asking price: £250,000 / 5.5% yield / £1150 PCM
View the full listing: Royal Mills, Ancoats
2) Our second property is Springfield Court on Dean Road in Salford. This two-bedroom property boasts secure allocated parking and modern, open-plan living. Springfield Court is a sought-after development located within walking distance of Manchester City Centre and the Metrolink at Victoria Station. Positioned on the top floor, this bright and spacious apartment is currently let and managed generating £800 in rental income per calendar month.
Asking price: £200,000 / 4.8% yield / £800 PCM
View the full listing: Springfield Court, Salford
3) Our final property is Fusion, Middlewood Street. The well-proportioned two-bedroom apartment is close to Castlefield and Manchester City Centre, and has access to well-presented communal gardens. This competitively priced apartment is an excellent investment for someone looking to plan for a retirement fund or nest egg for their family’s future.
Asking price: £155,000 / 4.8% yield / £675 PCM
View the full listing: Fusion, Middlewood Street