Uncovering the Top Buy-to-Let Locations in Manchester: A Landlords Guide

Forth Action Invest on January 10, 2024

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Are you interested in property investment and searching for profitable opportunities? Look no further than the vibrant city of Manchester. In this comprehensive guide, we will explore the best locations in Greater Manchester for Buy to Let investments and why it is a wise choice. Whether you’re an experienced investor or a first-time landlord, this guide will provide valuable insights to help you make informed decisions. Discover the lucrative world of property investment in Manchester today and seize the opportunities it offers!

Top Buy to Let Locations in Manchester

Manchester boasts several top locations that offer tremendous potential for buy to let investments. We’ll delve into these areas, highlighting factors such as rental demand, capital appreciation, and local amenities. By choosing the right location, you can maximize your returns and attract quality tenants.

Salford

Average Property Price in Salford: £224,503

Average Gross Rental Yield in Salford: 8.5%

Buy to Let postcodes in Salford: M27 , M28 , M30 ,

10-Yr Average Capital Growth: 103%

Salford, often intertwined with its neighbouring powerhouse Manchester, is a city quietly carving its own unique path in Greater Manchester, England. While some might see it solely as Manchester’s shadow, Salford deserves a closer look, revealing a dynamic city brimming with historical charm, cultural vibrancy, and burgeoning economic potential. Here’s why Salford could be a wise investment destination:

A rich tapestry of history and heritage: Salford boasts a fascinating past, evident in its architectural gems like the Salford Cathedral and the Grade II listed Manchester Docks. From its industrial roots to its association with L.S. Lowry’s iconic depictions of working-class life, the city offers a captivating glimpse into England’s rich history.

A cultural and entertainment hub: The Lowry arts centre stands as a testament to Salford’s dedication to contemporary art and theatre. The Imperial War Museum North offers insightful exhibitions, while MediaCityUK pulsates with creative energy as the home of BBC North and ITV Granada. Salford Quays, with its regenerated docks and trendy waterside bars and restaurants, adds a touch of urban chic to the landscape.

A flourishing economy: Salford is attracting major investments in sectors like media, technology, and healthcare. The MediaCityUK development has lured big names like BSkyB and The Hut Group, and the Salford Innovation Park fosters burgeoning tech startups. Additionally, the University of Salford contributes to a skilled workforce, further enhancing the city’s economic appeal.

A strategic location: Salford enjoys excellent connectivity, with Manchester Airport just a stone’s throw away and a well-developed public transport network. Its proximity to Manchester’s bustling economy and cultural scene adds another layer of attractiveness.

Emerging property market: While property prices remain lower than Manchester’s, savvy investors are recognizing Salford’s potential. Regeneration projects and new developments are creating exciting residential and commercial opportunities, presenting promising long-term returns.

A vibrant and affordable community: Salford boasts a strong sense of community and a diverse population. Its affordability compared to neighboring Manchester draws young professionals and families seeking a dynamic, friendly, and cost-effective living environment.

Investment Potential: Salford isn’t just Manchester’s sidekick; it’s a city thriving on its own merits. Its rich history, cultural vibrancy, growing economy, strategic location, and emerging property market present a compelling case for investment. Whether you’re looking for cultural immersion, economic opportunities, or a vibrant community, Salford has something to offer, making it a city worth considering for your next investment venture.

Stockport

Average Property Price in Stockport: £309,578

Average Gross Rental Yield in Stockport: 5.24% – 6.00%

Buy to Let postcodes in Stockport: SK1, SK6, SK7

10-Yr Average Capital Growth: 60%

Located just 7 miles southeast of Manchester’s bustling heart, Stockport is a hidden gem with immense potential for investors. This thriving hub offers a range of attractive features to businesses and residents alike.

Economic Boom: Stockport’s diversified economy is home to major players in industries such as media, tech, and finance. The healthcare and professional services sectors are also experiencing significant growth, attracting skilled professionals and driving economic prosperity.

Connectivity: With excellent transportation links, including the M60 motorway and direct rail connections to Manchester and beyond, Stockport is easily accessible and strategically positioned for business opportunities. The proximity to Manchester Airport further enhances global connections.

Regeneration Projects: Exciting regeneration projects, such as the Stockport Exchange and the revitalization of the waterfront, are transforming the town into vibrant spaces for living, working, and leisure. These developments attract new businesses and residents, contributing to increased property values and rental yields.

Lively and Attractive: Stockport boasts a rich heritage with its historical center featuring medieval buildings, cobbled streets, and the iconic River Mersey viaduct. The blend of heritage and contemporary developments creates a unique and dynamic environment. Abundant green spaces, including Reddish Vale Country Park and Bramhall Park, offer a welcome escape from urban life and enhance the town’s appeal. The thriving arts scene, lively entertainment venues, and diverse culinary options add to the vibrant atmosphere.

Investment Potential: Stockport provides an affordable entry point for both residential and commercial investors compared to the pricier Manchester city center. Strong demand for housing, driven by job growth and population influx, translates to promising rental yields for investment properties. With its strategic location, diversified economy, and ongoing regeneration efforts, Stockport offers long-term growth prospects and significant capital appreciation.

Tameside

Average Property Price in Tameside: £211,908

Average Gross Rental Yield in Tameside: 5.50% – 6.00%

Buy to Let postcodes in Tameside: OL6 , SK16 , M34

10-Yr Average Capital Growth: 78%

Tameside, conveniently located between the vibrant city of Manchester and the stunning Peak District National Park, offers a unique blend of urban energy and rural charm. Often overlooked in favor of its more glamorous neighbor, Tameside presents an enticing opportunity for investors seeking value and growth potential. Let’s explore why Tameside is an attractive investment destination:

Strategic Location:

• Proximity to Manchester: Tameside enjoys excellent connectivity to Manchester through motorways and rail networks, providing access to business opportunities and talent exchange.
• Gateway to the Peak District: With its border touching the Peak District National Park, Tameside offers residents and tourists a perfect balance between urban convenience and outdoor recreation.

Diversified Economy:

• Transitioning industries: Tameside is shifting from its industrial heritage towards a knowledge-based economy, focusing on advanced engineering, IT, and logistics, attracting new investments and skilled professionals.
• Stable industries: Manufacturing and healthcare sectors remain vital pillars, providing stability and employment opportunities.

Cost-Effective Advantages:

• Competitive property prices: Tameside offers significantly lower property prices compared to Manchester, making it an attractive option for both residential and commercial investors.

Growing Infrastructure and Amenities:

• Regeneration projects: Significant investments are being made in infrastructure upgrades, public spaces, and cultural facilities, enhancing the overall appeal of the borough.
• Thriving communities: Vibrant towns like Ashton-under-Lyne and Hyde offer a strong sense of community, diverse leisure options, and a growing cultural scene.

Long-Term Potential:

Tameside is poised for a bright future, with its strategic location, diversifying economy, and commitment to development. Investors can benefit from:

• Capital appreciation: Early investment in Tameside holds the potential for significant returns as property values are expected to rise.
• Increased rental yields: A growing population and demand for housing create opportunities for lucrative rental income.
• Business-friendly environment: Establishing or expanding businesses in Tameside can take advantage of lower operational costs and access to a skilled workforce.

Investment Potential: While challenges exist, Tameside’s strong fundamentals and forward-thinking approach make it an attractive investment destination for those seeking value and long-term potential. It’s more than just Manchester’s neighbor; it’s becoming a magnet for growth in its own right.

Bury

Average Property Price in Bury: £221,873

Average Gross Rental Yield in Bury: 8.5%

Buy to Let postcodes in Bury: M26, BL9

10-Yr Average Capital Growth: 76%

Located just 10 miles north of Manchester city center, Bury is a historic town that is quickly emerging as a Buy to Let investment hotspot in Greater Manchester. With its unique advantages and strategic location, businesses and individuals alike can find compelling opportunities in this charming town.

Strategic Location in Bury:

• Close Proximity to Manchester: Bury’s strategic location offers convenient access to Manchester’s thriving economy, a major international airport, and prestigious universities. This advantageous position facilitates access to a skilled workforce and talent pool of potential tenants.
• Excellent Connectivity: Enjoy excellent connectivity with Manchester through well-connected roads (M60, M62), regular train services, and the historic East Lancashire Railway. Ideal for businesses with national or international aspirations, Bury offers convenience and accessibility.

Thriving Economy and Regeneration:

• Investment Boom: Bury is undergoing a significant regeneration project with a £96.7 million investment program. This includes plans for a modernized transport interchange, flexible event space, a revitalized market, and high-quality employment space, driving the town’s economic growth.

• Vibrant Business Community: Bury boasts a rich tapestry of businesses, encompassing industry titans like Kellogg’s, as well as a burgeoning startup ecosystem. This ecosystem is complemented by numerous flexible office spaces catering to both new startups and small to medium-sized enterprises (SMEs). Together, these elements foster a dynamic and nurturing environment, providing fertile ground for new ventures to thrive.

• Third-Highest Retail Destination: Bury’s bustling town center ranks as the third-highest retail destination in Greater Manchester, attracting residents and tourists. This offers investment opportunities in related sectors like hospitality and leisure.

Investment Potential: Bury is not just a quaint town on the outskirts of Manchester; it’s a prime investment opportunity for Buy to Let’s with a promising future. Its strategic location, thriving economy, attractive living environment, and ongoing regeneration efforts position Bury as a major player in Greater Manchester’s economic landscape. Whether you’re looking for a place to do business, raise a family, or enjoy a high quality of life, Bury offers compelling options widening the range of suitable prospects for buy to let Landlords considerations.

Why Investing in Manchester is a Smart Choice for Growth and Success

Investing in Manchester offers numerous advantages for long-term success and wealth creation. With a thriving economy, strategic location, and vibrant business community, Manchester presents a lucrative opportunity for property investors seeking maximum returns.

One of the key benefits of investing in Manchester is its strong economic foundation. The city boasts diverse industries, including finance, technology, healthcare, and manufacturing, providing a solid base for sustainable growth. Additionally, Manchester’s robust infrastructure and excellent transport links make it an attractive hub for businesses, facilitating seamless connectivity and accessibility.

Moreover, Manchester’s reputation as a global knowledge and innovation center further enhances its investment appeal. The city is home to leading universities, research institutions, and a talented workforce, fostering a culture of innovation and entrepreneurship. This environment enables businesses to thrive and stay competitive in their respective industries.

Furthermore, Manchester offers a high quality of life, making it an attractive destination for professionals and families. The city boasts a rich cultural heritage, vibrant arts scene, and world-class sporting facilities, providing a well-rounded and enjoyable lifestyle. This combination of economic opportunities and quality living makes Manchester property investment a compelling choice for investors seeking financial success and personal fulfillment.

In conclusion, investing in Manchester buy to let brings forth a multitude of benefits, including a robust economy, strategic location, innovation-driven ecosystem, and an exceptional quality of life. By capitalizing on these advantages, property investors can position themselves for long-term growth and prosperity in this dynamic city.

Forth Action Invest specialises in property sourcing and development across the emerging markets in the North West such as Manchester. Investors are able to get exclusive access to our exciting investment opportunities across Manchester, Merseyside, Cheshire & Lancashire. Browse some of our past projects or See our latest investment opportunities here.