Residential Property Investment: The Most Popular Types of Residential Investment Properties

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Residential property investment in the UK remains a great idea for a number of reasons. These include the high demand for rental properties, particularly in large cities such as London, Manchester and Birmingham. Many UK tenants prefer renting to buying due to the flexibility that it gives them.

Property prices tend to rise over time in the UK, especially in popular cities like those mentioned above. Investors can benefit from low interest rates that make borrowing affordable as well as help-to-buy schemes. If you are interested in investing in residential property in the UK, it’s important to find out what your options are.

Here are some of the most popular and lucrative types of residential investment properties you can purchase.

Buy-to-let: This option involves investing in a residential property so you can rent it out to tenants. It can give you a steady rental income, and the value of the property could increase over time, so you can make a sizable profit if you decide to sell later.

Residential Property Investment

Student accommodation: Student accommodation investment is similar to buy-to-let, only you’ll exclusively rent the property out to students. This means it’s best to look for properties located close to universities, which are normally in major cities. You can usually expect to see higher yields due to the number of students living in the properties.

Holiday homes: Renting out homes to holidaymakers can be incredibly lucrative, especially when they’re located in particularly popular areas. Just remember, there may be less demand during the colder months of the year. However, you could stay in the property yourself out of season.

Houses of Multiple Occupancy (HMOs): HMOs are similar to student accommodation although you can rent the rooms out to anybody, not just people enrolled at college or university. HMOs often involve short-term leases, which make it easier to adjust rent when necessary.  

Off-plan: Off-plan properties are those that are bought before they are constructed or ready to live in. A big draw of the off-plan property is that it’s often available for a lower price than a home that’s already habitable. These properties regularly rise in value once they are completed and involve flexible payment plans for investors.

Off Plan Residential Property Investment

Example of Forshaw Land & Property Groups Off-Plan Development at Dobb Brow in Bolton.

Property renovation: Property development is also very popular as it can deliver high returns on investment once homes have been renovated. The amount of money involved in renovating a property can be greatly eclipsed by the increase in value generated by these changes.

Hotel rooms: Another option is to purchase and become the leaseholder of hotel rooms within a hotel. A great thing about this is that the operator of the hotel will normally look after the management of the rooms on your behalf to reduce your workload. Tourism can help you make a substantial profit when you purchase hotel rooms.

Investing in property abroad: Investing in overseas property allows investors to capitalise on growing international markets. Higher rental yields and lower property prices are just two of the benefits investors can usually look forward to.

Real Estate Investment Trusts (REITs) and other property investment funds: REITs and property investment funds help people invest in property without owning it directly. These funds pool capital to invest in various assets including residential properties and commercial developments, offering investors valuable exposure to the property market. REITs pay out most of their income as dividends, which is great for investors seeking a steady income stream.

Buying an Investment Property and the Cost Involved

There are a number of costs you’ll need to cover if you want to get involved in residential property investment. These include:

Solicitors’ fees: You’ll need to pay legal fees to a solicitor to cover the conveyancing process. This ensures the property’s title is clear and contracts are managed effectively.

Deposits: You’ll normally have to pay up to 20% of the overall property price as a deposit. Some investors are able to get better mortgage rates if they can pay a larger deposit upfront.

Estate agency fees: Estate agents normally charge between 1-3% of the sale price.

Land Registry fees: You’ll need to pay a fee to register your property with the Land Registry if you’re making a domestic purchase.

Surveys: A survey must be carried out to check the condition of the property and identify problems.

Mortgage fees: These fees cover the arrangement of the mortgage and the valuation. The specific cost can depend on the type of mortgage and the specific lender.

Stamp duty: If you’re buying an extra property in the UK you’ll need to either pay 3 or 4% as stamp duty. This is known as ‘land and building transaction tax’ in Scotland and ‘land transaction tax’ in Wales.

Insurance: Buildings insurance covers the structure of the property. Your lender will normally require you to take it out as a condition of the loan.

Property Calculations

Getting your finance in place

If you are interested in residential property investment and want to make a purchase, you’ll need to ensure that the investment is a good match for your current financial circumstances. It’s best if you have no existing debt aside from your other mortgage or mortgages. You won’t see a substantial return on rental yield or capital growth overnight, so be prepared to be patient to make big gains. You’ll also need to carefully calculate your typical income and expenditure as well as how much capital is currently available to you to ensure you can truly afford the investment.

Finding the right profitable property in the right location

It’s important to make the investment work as hard as possible for you if you want to see a big return on investment. Further down the line, you may need to decide if you want to sell the property or rent it out to tenants. Both can be highly lucrative, but what’s best for you can depend on your specific circumstances.

Have you considered investing in the highest ranking English Residential Investment city in the UK in 2024*?

Manchester and Salford are widely regarded as two of the best locations for residential property investment in the UK.

Manchester Residential Developments

Forshaws Manchester and Salford City Developments include:
Queen’s Brewery | Victoria House | The Waterhouse | Halo | Silkbank Wharf | VIVERE Residences

Forshaw Land and Property has buy-to-let and off plan investment properties available now in Manchester and Salford.

Here are some key figures about investing in this area: 

  • Number 1 place to invest out of 20 other English cities*
  • Population growth of 1.4% over the next 10 years 
  • Economic growth of 2.2% annually over the next 5 years
  • Rental growth average of 12.2% per year 
  • House price growth forecast of 19.3% by 2027 
  • GVA growth prediction of 21.1% over the next 10 years

For further information on investing and residential property investment in Manchester please contact Forshaw Land & Property now.

Sources

* Colliers’ latest edition of its UK’s Top UK Residential Investment Cities report

Why Now is the Time to Invest in an Off-Plan Property in Manchester City Centre

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There are many great reasons to consider investing in an off-plan property in Manchester City Centre. Whether you’re a UK-based or foreign investor, the city offers a host of fantastic opportunities.

What is drawing so many professionals to Manchester?

Manchester has seen spectacular growth over the past few years, with media, technology and finance being just a few of the sectors that have generated wealth and opportunities in the city. Its thriving economy has created a great deal of demand for properties. The city is also home to several colleges and universities, including the University of Manchester and Manchester Metropolitan University.

The student population is just one reason why there is such a large demand for rental properties. More than half of those who study in Manchester choose to stay in the city once their studies have come to a close in order to make the best possible start to their careers and take advantage of the fantastic career opportunities offered by the city.

Another reason why Manchester is so popular amongst young professionals seeking quality rental opportunities is that it has an outstanding transportation infrastructure including an extensive rail network, tram system and international airport. Those living and working in Manchester benefit from a high level of accessibility and convenience. Manchester has also undergone many regeneration projects. These have revitalised various areas around the city and attracted a large number of businesses and residents.

Manchester arts and culture

The city is also famous for its vibrant arts, culture and social scene, offering world-class music. Many people now regard Manchester as the UK’s second city after London. Over the River Irwell, Salford’s Media City is a major hub for some of the UK’s most prominent media companies including the BBC and ITV. It’s said that Media City has created 10,000 jobs in the area since it first opened back in 2012. Popular arts and culture venues in the area include the new Co-Op Arena, the Lowry, HOME, Albert Hall, Bridgewater Hall, the Apollo and the AO Arena, to name just a few.

The Lowry Centre- Salford Quays

The future of property investment in Manchester

Experts predict that things are only likely to get even better for those investing in property in Manchester. It’s estimated that the population of the city will rise by 70,000 by the end of the 2020s, yet only around 10,700 units are currently under construction. This means there is currently a sizeable gap between supply and demand. As the competition for quality property grows, rental yields are set to increase in line with this.

Statistics on Manchester’s economy ⁽¹⁾:

  • City centre economy = over £6 billion
  • Regional economy = over £62 billion
  • Average annual growth of Manchester economy = 3.6%
  • Five-year job creation and growth prediction = 16.4%
Property Success

Employment in Manchester

Some of the world’s best-known and most prestigious brands have chosen to set up home in Manchester including Microsoft and Amazon. Some of the companies that began life as start-ups in Manchester are now worth more than £1 billion ⁽²⁾.

Train times in Manchester

Another reason why Manchester is such a big draw for professionals is that it offers quick and easy access to other major cities around the UK. Those setting up home in Manchester can reach London in just over two hours, Birmingham in around 90 minutes and Edinburgh in just over three hours.

Why invest in off-plan properties in Manchester

Off-plan properties including new builds in Manchester offer a fantastic return on investment. Many investors have seen properties rise in value even before tenants have moved into these properties. Vast savings are available for those choosing to invest in Manchester off-plan properties as well as those that have now been completed.

Off Plan Opportunities at VIVERE Residences Manchester

Investing in off-plan properties can come with various advantages including lower initial costs, potential for capital growth, flexible payment plans, securing units in high-demand areas and potential for early rental income, financial leverage and early access to new developments.

Secure your next off plan Investment with Forshaw Land & Property Group Ltd

Whether you’re interested in Manchester new builds, buy-to-let or off-plan properties, Forshaw Land & Property Group is here to help you. Established for over 15 years you can expect assured yields, capital growth and  impressive returns that are well in excess of regional averages. With our help, you can get access to exclusive opportunities and deals that enable you to purchase at lower prices before construction is completed. We can introduce you to a wide range of investment opportunities for sale in Manchester and provide a bespoke service that ensures everything we do is tailored towards your specific needs.

Our privately owned family company can provide guidance at each step of the process, enabling you to maximise your investment returns and meet your objectives.

Calculate your expected rental yield by using our free rental yield calculator:

Buy to Let Calculator

Open Rental Yield Calculator

Assistance is available whether you’re a seasoned investor or are entering the market for the first time. Our sister company Primo Property Management can even manage your properties furnishings, management and even provide you with tenants on your behalf.

Contact us

We are ready to hear from you right now if you want to find out more about investing in off-plan properties, new builds and buy-to-lets in Manchester. You can reach us by giving us a call on +44 (0)1204 299 229, sending us an email or by completing the contact form on our site.

Sources

⁽¹⁾ North Property Group

⁽²⁾ Greater Manchester Business Board

Salford Quays Apartments: Top 10 Best Value Cities for Quality of life

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Salford was newly listed as one of the world’s top 10 ‘best value cities for quality of life’ for 2024 and following its recent extensive regeneration, it’s clear to see why. The rejuvenated docks have become a sleek modern metropolis of residential and hospitality spaces with commercial opportunities rife throughout; and with planned further extensions and expansions, Salford Quays apartments are set to become even more in demand.

Why Salford Quays?

When the Salford dockyards closed in 1982, the Quays were regenerated into a world-class media hub peppered with luxury waterfront apartment blocks and hospitality and arts venues throughout. This gentrification has seen Salford Quays become a destination in its own right, boasting traffic-free promenades, scenic walks and plenty of space – all in stark contrast to Manchester city centre but within just a short distance (and plenty of public transport links thanks to the Metrolink) from it.

What’s more, Salford Quays has become somewhat of a cultural hub for the area: with museums, cinemas, theatres and marked historical spots throughout. With Media City UK; home to the BBC, ITV and Coronation Street sets; at the end of the Metrolink line, tourists and professionals alike flock to Salford Quays to take in the sights. Just across the docks is Old Trafford and the Helly Hanson Watersports Centre, both cementing the Quays as a sporting epicentre.

Access to all of these facilities and diorama while enjoying the benefits of Northern English affordability makes Salford Quays an unrivalled place to live – balancing both quality of life and value.

The top reasons people choose to live in Salford Quays

Luxury apartments

Salford Quays is made up of almost exclusively new-build residential developments; many of which are luxury apartments. The finish on these homes is extremely high-end and the apartments are competitively priced compared to central Manchester.

VIVERE Residences – Penthouse Apartment and Terrace – Cornbrook

Great transport links

Salford Quays is on the Metrolink and on several bus routes in and out of Manchester city centre and the surrounding suburbs. Trafford Park and Salford Crescent Railways Stations are roughly equidistant, and Manchester Airport is just 40 mins away.

Waterside living

The Quays is a waterfront destination boasting luxury apartments and townhouses overlooking the water and offering up stunning views along the old docks.

Culture

Unlike other newly regenerated destinations, Salford Quays enjoys a vast array of cultural attractions that aren’t made up of just modern venues. Alongside new built cinemas and theatres, you’ll also find the Lowry Theatre and Imperial War Museum North.

Events and activities

The community enjoys a bustling year-round calendar of events and activities for all ages, including shows, exhibitions, festivals, sports events and art installations.

Media and tech

Being home to Media City UK, Salford Quays has fast become an international hub for media and technology companies, with job opportunities and development possibilities rife throughout the area.

Employment centre

Almost a quarter of all jobs in Salford are in Salford Quays, making it a major employment centre in the region. Whether you’re looking for career development or a new direction, there’s plenty on offer in the Quays!

Shops and restaurants

There is a plentiful amount of shops and restaurants throughout the Quays, including both chain stores and independent boutiques and a whole shopping mall of favourites.

What’s next for Salford Quays?

Salford Quays is already a hugely desirable place to live but the neighbourhood is set to grow even further in line with its potential.

Plans for Media City UK are for the development to double in size over the next two years, cementing Salford Quays as a world-leading media destination for years to come. This in turn will amplify leisure and business opportunities in the area, and as a result, some 3,000 more homes are planned for construction.

Why invest in Salford Quays apartments?

It’s no surprise that Salford Quays is, and continues to be, a hugely desirable place to live for young professionals, couples and families alike. As one of the boroughs making up Greater Manchester, it affords a population of around 248,700 out of the county’s 2.8 million people.

The numerous new developments and ample amenities in Salford Quays means that property prices here are slightly higher than you’ll find in surrounding boroughs; but the potential in Buy To Let properties is so fruitful that returns are high – and quick! Those who choose to rent in the area include the myriad of professionals working in and around Media City UK and commuting into Manchester city centre.

Looking at Salford Quays Apartments but also want to be near Manchester City Centre?

Forshaw Land & Property Group have a number of properties completed and underdevelopment which are ideally positioned between Salford Quays and Manchester City Centre. With only a 10-15 minute metro or bike ride you can be in the centre of either – presenting an ideal compromise between the two.

Silkbank Wharf is located on the banks of the River Irwell and is a high-specification 17 storey building complemented with a residence lounge, concierge service and a communal garden terrace comprises of 160 stunning waterside apartments.

Find out more about Silk Bank Wharf in Salford

The Waterhouse is a high-specification nine storey building complimented with private balconies and roof terrace comprising 86 stunning waterside apartments affording impressive city and water views.

Find out more about The Water House in Salford

The in-development VIVERE Residences will feature a 24-storey building with 224 luxury apartments, including 70 one-bedroom, 117 two-bedroom, 34 three-bedroom, 2 four-bedroom, and 1 six-bedroom apartments. Out of these 224 homes, 5 will be high-end penthouses that include private terraces. The penthouses will include excellent views of the nearby canals.

Find out more about VIVERE Residences in Manchester

Get in touch

Contact the team at Forshaw Land & Property Group Ltd for further information on Salford or Manchester buy to let and off plan apartments.

Luxury Apartments in Manchester: VIVERE Residences

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The VIVERE Residences and VIVERE Aparthotel by Forshaw Land & Property Group are set to transform the once-neglected plot of land on Cornbrook into luxury apartments in Manchester.

vivere residences apartments

VIVERE Residences Apartment

Forshaw Land & Property Group acquired the land from waterside regeneration specialist, Peel Waters. The approved project is set to build 237 homes and 88 aparthotel studios on a 2,249 sqm site to revitalise the current wasteland.

Project Overview

ASPECTDETAILS
DeveloperForshaw Land & Property Group
LocationCornbrook, Manchester
Property TypeResidential and Commercial
Total Apartments237
Apartment Types74 one-bedroom and 158 two-bedrooms
Penthouses5 luxury penthouses with private terraces
Total Aparthotel Rooms88 rooms in the four-storey VIVERE Aparthotel
Height24-storey tower
Communal AmenitiesGames room, cinema room, yoga studio, fully equipped gym, private dining and coffee bar
Retail and Amenity SpacesGround floor commercial outlets and community meeting spaces
ArchitectLeach Rhodes Walker

Type of Living Spaces

The VIVERE Residences will feature a 24-storey building with 237 homes, including 74 one-bedroom and 158 two-bedroom.

Out of these 237 homes, 5 will be high-end penthouses that include private terraces. The penthouses will include excellent views of the nearby canals.

vivere-penthouse-terrace

VIVERE Penthouse Terrace

Location

Strategically, the VIVERE Residences is only 150 metres away from the Cornbrook Metrolink.

You even have bus services available on Chester Road, a short walk, and Deansgate train station is only a 15-minute walk.

Alongside this, it’s not too far away from Salford Quays and Media City, making it a perfect location for executives working in the area.

Facilities

On the ground floor, there will be a series of retail and amenity spaces. These will range from commercial outlets to community meeting areas.

The overarching goal of these facilities is to create a self-sufficient neighbourhood, ensuring residents have access to everyday necessities without travelling far.

Recreational and Fitness Areas

Residents of the tower will also have access to various recreational and fitness amenities. These include games rooms, a large TV room, a yoga studio, a fully equipped gym and private dining.

Vivere Private Dining

VIVERE Private Dining

Similar to the facilities, Forshaw Land & property Group want the neighbourhood to have everything within arms’ reach. This is the same for their recreational and fitness areas, ensuring all residents can find comfort in their home environment.

vivere gym

VIVERE Gymnasium

VIVERE Aparthotel

Moving away from the VIVERE Residences, you have the VIVERE Aparthotel side of the property. This will include 88 rooms and will cover 4 of the 24 storeys of the building.

Because of the location of the property, it doesn’t only make for a great residential building. Its location and nearby transportation systems make it an excellent place for a hotel, offering short-term accommodation for business people and tourists.

vivere aparthotel lobby

Impact on the Community

The transformation of the once-neglected land in Cornbrook is expected to significantly and positively impact the area.

Overall, the development will provide much-needed housing, help reduce the crime rate, and increase the activity around the currently bleak and rundown Cornbrook Metrolink stop.

Additionally, it will provide access to jobs. The hotel, apartments, and facilities will require staff from the local community. Not only this but because of the location near Media City, it could bring fresh and innovative talent to the marketplace.

And lastly, the regeneration project aligns with the broader goals set by Manchester Waters master plan. The goal of this plan is to create vibrant, sustainable waterside communities in Manchester by improving the overall living conditions in these locations for current and future residents.

Investment Potential

Investing in Forshaws new VIVERE Manchester development, either for buy-to-let or buy-to-live-in, presents a good investment opportunity.

As of June 2024, the average house price in Manchester was £243,000, a 3.9% increase from June the previous year. Additionally, monthly rents have reached £1,241, a 12.5% annual rise.

Because of these current market increases, capital should increase from the beginning of the build to when it’s completed and the foreseeable future.

Learn More About Luxury Apartments in Manchester

Talk to one of our experts today if you would like to find out more about VIVERE Residences. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form on our site.

Manchester Property Investment: UK and Foreign Investors

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In recent years, Manchester has emerged as a prime opportunity for property investment. With its strong economy, growing population and significant infrastructure over the past 30 years, Manchester offers excellent buy-to-let investment opportunities.

Economic Growth and Investment

Manchester is at the heart of the UK’s Northern Powerhouse, a government initiative aimed at boosting economic growth in the North of England.

According to pro-manchester, the economy of the city is expected to grow by 2.2% annually over the next few years, which would exceed many other regions in the UK.

Apartment in Silkbank Wharf – Salford – Overlooking the River Irwell

A Developing Market

The average price for a property in Manchester is £298,340 which is significantly lower than the average price in London. This is why Manchester is regarded as an ideal investment location because the price of properties is fairly low and the return on rentals can be high. Manchester has some of the highest rent yielding areas in the United Kingdom with rental yields of 5-6% in the prime areas, which is high when compared to London where there is a range of 3-4%  yield.

Population Increase and Rental Requirements

The population data of Manchester reveals a  steady increase, by 2025, the population will increase by around 125,000. This inflow is a result of young people in search of employment from further afield and also Manchester University graduates looking for employment.

There are also a growing number of students in Manchester and the number of students has already crossed one hundred thousand, the demand for rental accommodation is in high demand.

Manchester Graduates

Manchester is well known as a city that is home to numerous kinds of industries that bring many professionals from around the world. These include:

Digital and Creative Industries
Manchester has a wide range of companies that are involved in the digital industry including digital marketing agencies, graphic designers, game developers, and other related industries.

Finance and Professional Services
A number of large financial institutions have set-up within the city of Manchester such as the Co-operative Bank and Barclays. Many other financial and professional services such as accounting, and legal services are also well established.

Manufacturing
Manchester continues to be an important manufacturing area. International companies such as Siemens and Kellogg’s who have an established presence within Manchester.

Life Sciences and Healthcare
Manchester has a growing hub of life sciences and the backing of four universities plus several research organisations.

Education
Education is one of the most important sectors for the city. The city is home to several universities and higher learning institutions such as the University of Manchester and Manchester Metropolitan University among others, with students enrolling from around the world.

Infrastructure and Connectivity

The enhancement of transport infrastructure has been a major area of development in Manchester with projects such as a growing Metrolink tram system and developments to Manchester Airport which is planned to be the first super terminal in the UK. As for Manchester property investment, these developments bring the city closer and make it more accessible in the long-run, which will positively affect the property prices in the areas nearby.

Cultural and Lifestyle Pull Factor for Manchester Property Investment

Manchester is also a cultural capital with an established art scene, vibrant music scene and active nightlife. The population in Manchester is diverse and the modern lifestyle implies numerous opportunities to enjoy the amenities that are offered within the city; therefore, the demand for rental properties is higher and the potential tenants are more willing to rent a property in Manchester.

Government Support and Future Developments

The government of the United Kingdom has not neglected Manchester and still provides funding and development projects. Among the implemented initiatives, there is MediaCityUK, which is an area for media companies that generates thousands of workplaces and attracts many more talented people to the city.

Investment Hotspots

When researching  Manchester property investment, it is important to concentrate on areas of the city that will give the best returns. Places like Salford Quays have many properties of various types which are at the higher end of the market. The Southern Gateway is currently in the process of significant restructuring and has potential for an excellent return on investment.

Media City in Salford Quays

The Northern Quarter, which is already filled with an art vibe, is also home to a significant number of young professional people, which will also benefit higher rental returns.

In summary

When purchasing a property, Manchester has a relatively low cost market with high rental returns and a steady market for residential properties, making it one of the best locations to invest in the UK.

To the UK and overseas investors, Manchester offers an excellent prospect of diversification for an investment portfolio and the prospect of having a foothold in one of the most advanced cities in the world.

Contact Us

Talk to our buy-to-let experts today if you’re ready to find out more about Manchester property investment. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form on our site.

Buy To Let Manchester City Centre Apartments

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Manchester is one of the UK’s most exciting cities and continues to attract a wealth of young professionals and students not just from around the country but the world. It’s well-known for its fantastic blend of historic architecture and world-class attractions, which are just two reasons why it makes so much sense to invest in property within the city. The popularity of Manchester looks set to grow even further in the coming years, and this means now is the time to purchase buy-to-let apartments there if you wish to see an outstanding return on your investment.

Buy to Let Manchester City Centre

What is buy-to-let?

Buy-to-let is a form of property investment where someone purchases a residential property with the intention of renting it out to tenants rather than living in it themselves. It can help you generate a great deal of rental income, and you’re likely to see the value of your property rise over time if you purchase in an extremely popular, fast-moving city like Manchester.

What are the rental yields in Manchester?

Manchester offers excellent rental yields, with average returns ranging between 5% and 9%. Its thriving rental market and the high demand for accommodation are two big reasons for these yields.

What makes buy-to-let different from buying your own home?

Although buying your own home and residing in it yourself can give you stability and a sense of ownership, investing in buy-to-let properties gives you the opportunity to generate passive income via rental payments. When you’re looking for a buy-to-let property rather than a new home for yourself, you may think about factors that are likely to appeal to your ideal tenants rather than your own personal preferences. 

Is location important?

Location is very important when it comes to buy-to-let properties. Manchester and the city centre in particular are highly appealing to many renters. Manchester offers fantastic public transport services including frequent tram, train and bus facilities. This ensures getting around the city is a smooth and quick process. Many people who live in Manchester find that they don’t need a car thanks to the quality of these transport links.

Do I have to look after the maintenance and upkeep?

Although buy-to-let investors are responsible for maintaining their properties, property management companies can ensure a great deal of this work is carried out on their behalf. Services offered by property management companies can include maintenance and repairs, tenant management and rent collection. Some companies can even help with furnishing to remove even more of the hassle from renting out properties in Manchester.

Buy-to-let apartment at Silkbank Wharf, Manchester.

Interior furnishings at Silkbank Wharf, Manchester.

Manchester rental market – capital increase after purchase and excellent rental yields

Looking for an investment in Manchester? When you invest in Manchester’s rental market, you get the chance to benefit from capital growth and consistent rental income. The city has seen a great deal of property value growth over recent years. The combination of high property demand and limited supply has generated an increase in rental yields.

When is the ideal time to invest in property in Manchester?

Now is a magnificent time to invest in buy-to-let properties in Manchester. The availability of homes for rent has fallen to its lowest level in five years, which has caused a rise in demand and rental prices. This has created an ideal situation for investors who wish to capitalise on Manchester’s thriving rental market and find high-quality tenants to live in their properties.

New developments in Manchester that are attracting renters

2023 was a brilliant year for Manchester in terms of new attractions and facilities that are attracting renters to the city. The year saw the revamp of the Manchester Museum and the launch of the Castlefield Viaduct sky park. The Manchester Pass was launched in late 2023 and offers access to a host of attractions and events including Manchester City stadium tours, RHS Garden Bridgewater and East Lancashire Railway.

Manchester also now has its first dedicated Padel Club at Deansgate Square, whilst the Co-Op Live arena is now the UK’s largest indoor music venue. The famous John Rylands Library has also received a great deal of investment, and plans to enhance its exhibition spaces and academic facilities have been announced. A number of new restaurants and cocktail bars have opened in the city over recent months, with other exciting new attractions including Treehouse Manchester. This venue promises interiors inspired by nature as well as a rooftop restaurant.

Buy-to-let Manchester City Centre apartments and the benefits of buying off plan can provide a fantastic return on investment for a wealth of reasons including strong demand, limited supply and competitive rental yields. Manchester’s blossoming economy, vibrant culture and countless attractions mean the city is the perfect base for a huge range of tenants. By investing in well-located properties in one of the UK’s most desirable cities, investors can benefit from rental income and long-term capital appreciation that will help them achieve financial comfort and security for many years to come.

The expert developers for buy-to-let properties in Manchester and Salford.

Forshaw Land and Property Logo

Forshaw Land & Property Group have been developing properties for over 16 years across the UK. Our current pipeline is the development of flagship schemes in Manchester and Salford Quays. These investment opportunities set the standard for residential experience and offer a wide range of exclusive amenities for occupiers, including; roof terraces, fully equipped gymnasiums, residents lounges, concierge services and private dining rooms.  

Buy to Let Manchester City Centre

For properties in development or completed please see the latest information on Forshaw’s website.

Contact Us

Talk to our buy-to-let experts today if you’re ready to find out more about investing in buy-to-let properties in Manchester city centre. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form on our site.

Pavillion Wharf Manchester Update

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Demolition completes at The Ice Cream Factory

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Our Family company Forshaw Demolition Ltd has recently completed demolition and site investigation at our small but perfectly formed site in Ancoats, Manchester. Located at Loom St, Ancoats we are soon to commence construction of a truly spectacular “one off” five storey 4 bedroom town house.  The spacious home will offer spacious living accommodation over 5 levels with a garage at ground floor.  The superb home also includes a lift and a generous roof terrace with hot tub!

The Forshaw Team is Expanding!

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Forshaw are pleased to announce three new members of staff joining the Forshaw team!

We welcome new contracts manager Ryan Jones, senior quantity surveyor Adam Garner and Land Manager Charlotte Gildhart-Butler.

Ryan and Adam bring a wealth of experience in their sector and will be working primarily in the new construction arm.  

Charlotte has vast experience in the land and planning sector and will be sourcing new development opportunities in addition to helping navigate the planning process for all new schemes.

The Waterhouse nearing completion

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Our flagship 86-unit apartment scheme in Salford is almost complete with first residents expected to move in before the end of February.  The striking nine storey building offers a range of 1-, 2- and 3-bedroom apartments with superb River and City views.  Other amenities include a resident’s gymnasium, top floor residents lounge and large roof terrace. 

All the apartments are now sold, and strong rental demand is anticipated.

Georges Yard – February start

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Our new construction arm Forshaw Construction Ltd is about to commence construction of the 58 houses in Bolton town centre.  The development consists of a 58 contemporary town houses across a series of terraces in the Croal Valley area of our hometown. 

We are extremely excited to deliver this quality design led scheme setting the standard for development in this new town centre neighbourhood.

Planning Submitted – City View, Salford

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We are excited to announce that a full planning application has been submitted for a revised scheme for our site at Derwent St, Salford.  The revised scheme has been designed by award winning architects John Matthews and will contain 160 apartments in a stunning building over 17 floors. 

Other amenities include a gymnasium, residents lounge, co working space and terrace overlooking the River Irwell.  Our friends at DOMIS Construction have been appointed to deliver scheme and aim to be on site by April this year

Introducing Forshaw Construction Ltd

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We are excited to announce the introduction of Forshaw Construction Ltd which has been created to deliver development projects on behalf of parent company Forshaw Land & Property Group and selected key partners.  The new company is based at our head offices in Bolton but will undertake construction projects throughout the Northwest.

Historically, Forshaw Group have outsourced much of the construction to trusted main contractors.  However, we have now taken the step deliver more projects “in house” driving better value and quality for the group and our valued clients.

Forshaw Construction Ltd is about to commence three projects in Bolton with a combined contract value of £10.5m.

Victoria House – Planning Submitted

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Forshaw have recently submitted a revised full planning application to Manchester City Council for our landmark development Victoria House in Manchester. Victoria House will feature 177 apartments over 25 floors with outstanding residential amenities.

Watch this space for further updates

Victoria House from Great Ancoats St

George’s Yard – Coming Soon

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Forshaw have recently acquired a prime development site in the heart of our home town of Bolton and are soon to be launching George’s Yard. A brand new development of 58 stunning design-led town houses for 21st century urban living. Inspired by the towns famous industrial heritage, Georg’s Yard will offer a modern twist on the traditional terraced homes associated with Bolton’s industrial past. Look out for stunning features including contemporary open plan living, sky lounges, roof terraces and private gardens. Oozing quality, George’s Yard offers exceptional modern living in a location that combines the best of city and suburbia. .

Watch this space!

Construction Update, Worrall Street

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Remediation works and site preparation continue at our riverside site at Worrall St, Salford as a precursor to the commencement of ground works shortly.

Halo,Completed & Delivered

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Construction at Halo is now complete with contractors vacating the site. Home owners and investor clients have been receiving their keys as we hand over their new-build Manchester city apartment.

Located close to Victoria Station, the Northern Quarter and Manchester’s commercial core, Halo is a contemporary designed 6 storey residential development for a world class city.

Halo, Simpson St, Manchester M4

As well as attracting owner occupiers, Manchester is a UK buy-to-let hot spot with international recognition as huge numbers of young people flock to the city increasing demand for luxury apartments. Halo was sold off plan with early bird investors benefiting from rising capital values and strong rental growth. View one of our current investment opportunities here.

Construction Update, Worrall St

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After manually stripping off the roof last week, the “boys with their toys” arrived on site this week and quickly made their mark as the heavy machinery swung into action at Worrall St, Salford.

The job’s a good ‘un.

The existing brick building now demolished allows surveys and ground works to commence over the coming months for delivery of 86 new build high specification waterside apartments due for completion 2020.

With pre-sales well under way, there are still some river fronting units available. View more details here or just complete the contact form below to receive a comprehensive brochure and floor plans.

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Construction Update, on Worrall Street – Manchester

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Our Remediation Strategy for our Worrall Street site in Salford was approved last week by the council. We are now permitted to conduct environmental studies and take the required soil samples for analysis prior to construction.

The demolition company has been appointed and the demolition of the existing brick structure is now underway.

The Worrall St site fenced off with demolition now starting.
The existing building to be demolished to provide 86 new build waterfront apartments.
The first crews arrived on site this week.
The roof has to be manually removed prior to the larger demolition machinery arriving.
The internal fittings area also ripped out prior to demolition of the brick structure.

Works are set to continue over the next two weeks, with demolition of the existing building and remediation of the site to allow ground works to commence shortly.

With a growing population, Manchester and Salford are undergoing significant urban regeneration programmes which have led to a thriving local economy and bouyant rental market. Whether you’re a new or seasoned investor find out more about our fully-managed residential investment opportunities.

Construction Latest Update, Halo, Manchester

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With the scaffolding down and the U.K. basking in the February sun producing record Winter temperatures, it’s the perfect opportunity to unveil the exterior of Halo, our new build development in Simpson St. in the heart of Manchester.

Corner of Halo, Simpson St
View from the corner of School St and Simpson St
Halo Simpson St
View looking down Simpson St
Halo Higher floors
Private terraces and balconies
Halo Front Door
Front Entrance & Lobby from Simpson St
Halo Main door
Resident access by secure key pad
Halo car park entrance
Vehicular access via School St to underground secure parking
Halo Stairwell
Light airy stair wells
Halo Balconies
Balconies on the corner units
Door open to terrace
Patio doors opening on to private terrace
Halo terraces
Outside terraces on the top floor

Halo,Simpson St,Manchester M4 4GB

Halo represents a market-leading product for vibrant Manchester city living located a stone’s throw away from “Noma” and the main commercial core of the city centre. It comprises 66 one, two and three stylish apartments benefiting from secure underground parking.

All units are sold but check out current developments and find out how you can also profit from the Manchester booming property market.

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Growing population in Manchester: need for more homes

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Manchester, Leeds and Liverpool have all seen significant housing supply shortfalls in the face of an increase in demand from people wishing to live in the core city centres. And as result of political headwinds, the growth story may be somewhat stifled.

However, looking forward, the prospects for the major urban markets within Northern England are positive. As a recent report from JLL shows, Manchester, Leeds and Liverpool to all see price and rental growth over the next five years to be above the UK average.

In recent years Manchester City Centre has established itself as the most significant residential market in the UK with more than £1.6bn invested over the past 24 months in new purpose built private rental developments in the city centre, mainly on a forward funding basis.

A total of c. 5,600 purpose built private rental units are now under construction making Manchester by far the largest multifamily rental market outside London. While the sheer weight of residential development is impressive the growing importance of the city centre in meeting Greater Manchester’s overall housing need cannot be understated. The new Greater Manchester Spatial Framework – the region’s first ever blueprint for long term development – stipulates that brownfield sites in the city centre should provide for 50,000 new apartments over the next 20 years, a quarter of all projected housing need across the metropolitan county. Given that around 25% of the current 30,000-unit city centre pipeline is yet to get planning permission, supply is on course to meet demand for the first decade of the 20 year GMSF plan.

In the more immediate term Manchester has seen some significant economic wins which have boosted demand for city centre housing. In 2018, a total of 500,000 sq ft of office space was let in three standout deals to Amazon, Booking.com and HMRC.

JLL estimates that currently up to 3,000 units are needed per year for a growing city centre population expected to rise from 55,000 currently to 100,000 by 2026. And given that delivery in the last five years has averaged less than 1,000 new units per annum, a ramp up in supply is long overdue.

House price and rental growth in 2018 was more in line with the rest of the country following considerable growth in recent years. The price of a two bedroom city centre apartment increased by 2% and with supply becoming more closely aligned to demand, JLL expects price growth of 3% pa over the next five years compared with a national average of 2.2% pa. Rental growth in Manchester is forecast to average 3.1% pa compared with 2.4% pa across the UK.

Source: JLL Residential Forecast Northern England 2019

Waterhouse Manchester
“The Waterhouse”, an example of one of our new-build waterside Manchester developments

Why not check out all our current developments and find out how you can also profit from the Manchester booming property market.

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Construction Latest, Halo Apartments Manchester

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Construction at Halo, Simpson St, Manchester nears completion as scheduled delivery approaches in the next few weeks.

The show apartment is being prepared and furnished and soon will be available to show case our new build residential city development to owner occupiers and potential professional working tenants.
halo kitchen Halo kitchen 2

The Manchester property market is booming with latest research indicating that the city is outperforming every other city in the UK. Capital appreciation growth for the 12 months to the end of June 2018 came to a impressive 7.4% against a national average of 4.6%.

All good news for the off-plan purchasers at Halo with Manchester hitting levels of capital appreciation unmatched across the UK. Manchester’s rental market is also rising higher than in any other UK city with rents up by 10% to April 2018.

halo lounge 2 halo lounge

Greater Manchester is the UK’s largest and fastest growing economy outside of London, having transformed itself into one of Europe’s most dynamic and exciting cities in which to live and work.

Halo bedroom bedroom 2

Halo is all sold out, but with forecasts showing that house prices in Manchester are expected to rise by 57% by the end of 2028, why not check out our current developments and find out more how you can also profit from the Manchester booming property market.

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Latest Construction Update, River Plaza, Manchester

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It’s great to see activity on our River Plaza, Manchester site this week with the initial site investigation underway to formulate the remediation strategy prior to the construction phase commencing.
Site Entrance River Plaza River Plaza Site Entrance
The site has been cleared of vegetation allowing surveyors full access to enable them to dig lots of holes and trenches for the next 10 days !
Site Clearance River Plaza River Plaza Residential Site

Site engineers will be logging soils and rock and taking appropriate samples for analysis, in preparation of an appropriate Construction Phase Plan, Method Statement and Risk Assessments.
Drilling at River Plaza Surveying River Plaza

As well as enjoying everything that Manchester has to offer, the enviable riverside location of River Plaza gives great access to the historic Castlefield area and is also in close proximity to Manchester city centre, unlocking the full potential that city living has to offer for residents. To find out more, just register your contact details below and we’ll be in touch.

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Construction Latest, Halo

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As the scaffolding and site offices at Halo are being dismantled, the finishing touches internally are in hand as delivery and handover to buyers is scheduled to commence in the New Year.

Internal corridors painted and carpeted and the lift commissioned.

Furniture has been installed into a show apartment which will be dressed shortly to attract potential tenants to call Halo “home”.

Located within a highly accessible location in close proximity to Manchester Victoria Station, the Northern Quarter and the main commercial core of the city centre, Halo is a modern 6 storey residential development for a world-class city. Comprising 66 one, two and three bed stylish apartments with basement car parking.

Missed out on this one? Sign up below to our newsletter for our current projects in Manchester.

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Construction Update, The Warehouse

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Initial ground works with site investigations have started at “The Warehouse” to kick off our off-plan riverside residential project, “The Warehouse”.

It’s always gives any developer a sense of pride to see the first digger arriving to move the project off the drawing board to seeing activity and progress on site.

We are waiting on the The Local Authority to grant permission to demolish the existing building which we are expecting in the New Year and which will trigger the commencement of remediation and ground works in earnest during Q1 2019.

In the meantime, exploratory investigations for the siting of the pilings for the foundations have been undertaken which meant a lot of men in hi-vis jackets staring into holes !

Located on the banks of the River Irwell, “The Warehouse” at The Dye Works is a new build, off-plan residential development in the heart of Greater Manchester. The high-specification nine storey building complimented with private balconies and roof terrace comprises 86 stunning waterside apartments affording impressive city and water views.

For more information on this or to find out about our other projects, just contact us through the the form below:

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