INVESTOR CLUB: Launch Event
Join Centrick on Thursday 19th September from 5pm as we launch the new and exclusive Investor Club full of insider insights, exclusive investor discounts and early development access!
Unlock the potential of your property portfolio with buy-to-let investments in the powerhouse of the north, Manchester.
Considering investing in the Manchester property market? Simply get in contact with our team of property investment experts below – we’d be delighted to help you find the right development for you!
JUMP TO: Why Invest in Manchester | Best Places to Invest in Manchester | Investment Opportunities | Property and Rental Values
Looking to take the leap and invest in the UK property market? Explore all Manchester property developments here.
With exceptional yield potential and reasonable property prices, Manchester has been catching the eye of new and existing investors for some time. Here’s the state of the Manchester property market as of July 2024…
Current Property Value (ONS)
Average Yield (PropertyData)
Average Rent (ONS)
Manchester’s property market has the winning combination of factors that make it ideal for property investors: reasonable property prices, a history of capital growth, high rental yields and exceptional projections.
Manchester properties are over £50,000 cheaper than the national average, sitting at £235,000 as of July 2024 – however, these reasonable property purchase prices are made even more appealing when considering the high rental prices across the city, with the average flat commanding £1,026pcm. According to PropertyData, this winning combination of reasonable property prices and high rents produces yields of between 5.2% and 7%.
The current buying and renting landscape in Manchester certainly favours landlords – but what does the future hold? The latest JLL reports suggest that Manchester will see 19.3% property price growth from 2024 to 2028, only being marginally overshadowed by Birmingham. This suggests that the average Manchester property will see a price increase of 3.6% each year, a significant number that is set to boost capital growth across the Manchester property market in years to come.
As for rental growth, Manchester is set to see 21.7% growth over the same period, with the prediction of rental growth outpacing price growth surely being appealing to existing and prospective Manchester landlords. This should translate to a 4% rental value increase per year, further boosting the appeal of Manchester property investment.
Regeneration in Manchester is abundant, with the region benefitting from an abundance of investment. The Spinningfields regeneration scheme, which is investing £1.5 million, is set to create a ‘Canary Wharf of the North’ in the heart of the city, with the area now being home to big businesses such as PWC, Deloitte, and HSBC. Similarly, the regeneration of MediaCity has rejuvenated the Salford Quays, making Manchester the go-to location for television and film production in the North. But that’s not all – the £800 million NOMA development project has been hailed the most exciting project in the North of England. This has created an entirely new, distinctive neighbourhood complete with homes, offices, hotels, shops, bars, and more.
How is this shaping property investment? Put simply, all of this inward investment is drawing more tenants to Manchester, creating more jobs for locals, and boosting capital growth in property.
Despite the abandonment of HS2 up to Manchester, transport infrastructure across the region continues to develop. Firstly, HS2 will come to Manchester – albeit at a much later date than originally anticipated – as part of the later phases of the High Speed Rail project. This makes Manchester property investment a solid investment for long-term landlords hoping to keep their assets for a number of years as, eventually, they will reap the benefits of HS2.
In the more immediate term, Northern Powerhouse Rail will be providing improved transport links between Manchester and key northern towns and cities such as Liverpool, Leeds, Hull, Newcastle and Sheffield. It is expected that this will put 3.1 million more individuals within 90 minutes of Manchester, which will provide a huge boost for jobs and businesses that shall inevitably impact property values.
It is difficult to understate the scale of demand for properties in Manchester, namely as a result of the number of opportunities in and around the city. Huge businesses such as Amazon, EY, Accenture and KPMG all have head offices in the city, employing thousands of individuals – all of whom need accommodation. This isn’t to mention the abundance of small, independent businesses in the city – from clothing boutiques to coffee shops and bookstores.
The city also has a welcoming, thriving culture and regularly tops polls as the UK’s friendliest city. What’s more, Manchester has something for everybody – especially younger movers who are more liable to rent than buy – thanks to its vibrant neighbourhoods such as the gay village, Northern Quarter and Chinatown. With so much to do, it’s no wonder tenants are flocking to Manchester.
Looking for your next investment property? Or simply searching for the ideal development to kickstart your first property portfolio? Browse the range of developments across Manchester and beyond...
Searching for the best place to invest in Manchester? From the hustle and bustle of the city centre, to the dynamic creativity of the Northern Quarter, here are the best neighbourhoods for Manchester property investment…
Manchester city centre is experiencing a remarkable boost, making it a prime focus for growth within the city and across Greater Manchester. According to the 2019 Greater Manchester Independent Economic Review, the city centre now hosts one in five jobs in the region, underscoring its economic significance. Projections show that by 2026, the city centre’s population will surge to 100,000 as 40,000 more people choose to live in this vibrant urban hub. Employment is also set to soar, with an additional 65,000 jobs anticipated by 2040. This growth is complemented by substantial public realm investments, including a 6.5-acre park at Mayfield, an expanded civic space at Albert Square, and new public spaces at The Factory Manchester, the city’s cutting-edge arts centre. The city centre’s appeal is further enhanced by excellent transportation links, with ample trains and trams, as well as a wealth of shopping, museums, and cultural attractions. For property investors, Manchester city centre offers a dynamic and expanding market with strong prospects for long-term growth.
The Northern Quarter, located in the northernmost part of Manchester’s inner city, stands as one of the city’s most vibrant and sought-after districts. Renowned for its legendary live music scene, the area has been instrumental in the rise of Manchester’s punk and Brit-pop movements, with its gritty bars serving as the backdrop to musical history. Today, the Northern Quarter continues to thrive, attracting a dynamic mix of recent graduates and young professionals drawn to its distinctive bohemian charm. The neighborhood’s aesthetic, marked by colorful street art and an array of independent cafes, quirky vintage shops, and top-tier restaurants, creates a unique and appealing atmosphere. With its blend of historical significance and contemporary allure, this district promises strong returns for property investors looking to be at the centre of Manchester’s ongoing transformation.
Trafford, home to the iconic Old Trafford stadium, is more than just a landmark; it’s a dynamic and sought-after district within Greater Manchester. Nestled on the edge of the picturesque Cheshire countryside, Trafford offers the perfect blend of tranquil suburban living with easy access to the vibrant city centre. The area has become even more accessible thanks to a £350 million investment in the Metrolink tram system, which now boasts additional stops within Trafford, making the journey to Manchester a breeze—just 30 minutes by tram or 15 minutes by car. Beyond its superb connectivity, Trafford is rich in amenities, featuring expansive retail parks, the renowned Emirates Old Trafford cricket ground, and a variety of charming neighbourhood parks perfect for leisurely strolls. With its appealing mix of urban convenience and rural charm, Trafford presents a prime opportunity for property investors seeking high-demand residential areas with excellent growth potential.
Openshaw is rapidly emerging as Manchester’s next sought-after enclave, especially among those seeking a blend of urban convenience and village-like charm. This thriving suburb, located just east of Manchester city centre, offers a warm, community-focused atmosphere, making it an ideal choice for families and professionals alike. With its strong northern character, residents can enjoy the comfort of local pubs and the tranquility of suburban living, all while remaining closely connected to the bustling city.
The area boasts excellent transport links, including Metrolink trams and suburban trains, ensuring easy and quick commutes to the city centre. For investors, Openshaw presents an exciting opportunity to tap into a growing market in a city where demand for housing is increasing, driven by its appeal to those looking for a harmonious balance between affordability and access to the vibrant heart of Manchester.
Salford is a vibrant and thriving hub, attracting attention from property investors due to its rapid growth and promising future. With over 8,700 businesses currently operating in the area, Salford employs more than 127,000 people, making it a dynamic economic centre. Major employers, including industry giants like TalkTalk, Ener-G, BBC, ITV, and BUPA, have already established a strong presence here, further driving demand for high-quality residential and commercial spaces. We expect this will be accelerated once the £1 billion MediaCityUK redevelopment is completed.
Salford also benefits from a rich talent pool, bolstered by the University of Salford, which produces a highly skilled graduate population ready to meet the needs of modern businesses. This combination of a robust economy, significant investment in infrastructure, and access to top talent makes Salford an ideal location for property investors looking to capitalise on the area’s growing appeal.
A striking collection of 116 new build apartments occupying a prime location in Manchester City Centre. Prices from £210,000.
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A brand new development of apartments and townhouses located within Victoria North, Manchester. Prices from £200,000
The average property in Manchester has a value of £235,000 according to ONS data from August, which is significantly lower than the national average of £288,000 from the same period, saving the average property investor over £50,000. Despite the relative affordability of Manchester property, this northern city is experiencing steady growth, with property values increasing by 1.8% from the year prior. Here’s what you can expect to pay for each type of Manchester property as of July 2024, according to the ONS…
Flats & Maisonettes
Terraced
Semi-Detached
Detached
According to ONS research in August 2024, the average monthly private rent in the city was £1,228, up from £1,094 from the year prior, marking a 12.2% increase. Comparatively, the average rent across Great Britain was £1,271, putting Manchester rents in-line with national rents. This is particularly interesting for investors considering that property for sale in Manchester sits so far below the national average – it’s no wonder Manchester property is achieving yields of between 5.2% and 7%. What is the most lucrative property type in Manchester? Investors should keep a keen eye on one-bed properties, which have seen a 12.1% price increase over the past year. You can explore more stats below courtesy of the ONS…
1 bed (pcm)
2 bed (pcm)
3 bed (pcm)
4+ bed (pcm)
Flats & Maisonettes (pcm)
Terraced (pcm)
Semi-Detached (pcm)
Detached (pcm)
With 18 years of experience in helping clients find their next investment property and build a portfolio that works for them, Centrick is well-versed in supporting investors looking to take the next step in their property journey.
From portfolio consultations that help you understand the potential of your investments to advice on diversifying your investment portfolio or spotting the next property hotspots – we’re here to do the hard work for you, so you can start actioning your investment plan.
This ongoing support also means we have an accurate, reliable picture of your CentrickScore and wider investment plan, which allows us to provide optimal recommendations for expanding your portfolio of buy to let properties in Manchester and beyond.
For more information on how Centrick Invest can help you, simply contact us using the form below – we’d love to help.
Centrick Invest is able to help you understand your wider investment needs and start formulating plans based on how a Manchester property investment may assist your investment strategy - using our exclusive CentrickScore methodology.
Centrick Invest has a range of investment-led resources to assist you during your research. Read up on the most effective investment strategies, understanding the buy to let landscape and the top locations to consider within the Manchester property investment market.
Discover how a Manchester property investment may fit within your portfolio. Our experienced local team are here to provide insights into the effectiveness of property investment in Manchester and how it may complement your current or future investments.
We'll help you find specific Manchester properties for investment and begin the process of integrating them into your wider investment plan. Our team of property experts can help you during the entire process, utilising our broad, local knowledge of the market.
Get in touch with Centrick Invest to see how our the team can help...
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