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.

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.

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.

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.  

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.