Manchester Post Codes Amongst Top 25 for Buy to Let in 2018

Manchester Post Codes Amongst Top 25 for Buy to Let in 2018

A sort of holy grail for property investors in Britain, Totally Money’s annual Buy to Let Yield Map has recently released new data for 2018, and the city of Manchester has managed to squeeze yet another one of its post codes into the top 25 areas for investment.

The map which analyses the best buy to let rental returns across 580,000 properties in England, Scotland and Wales shows that three Manchester districts qualify for the top spots amongst fellow major cities Liverpool, Edinburgh and Newcastle upon Tyne. With yields reaching as high as 10.08% on property in some featured districts, the thorough study of UK post codes is considered to be a trustworthy indication of the superior buy to let investment locations currently trending in Britain.

In a breakdown of the areas under the spotlight, M14 ranked top for Manchester in fifth place. With an average asking price of £194,733 and yield of 10.08%. Home to Fallowfield, a popular student town, this slightly southern quarter of Manchester benefits from student property that houses the thousands of undergraduates attending two of Manchester’s major universities located towards the centre of town.

Sticking to the same general area, M19 is just adjacent to Fallowfield and equally benefits fromclose proximity to the University of Manchester’s Fallowfield Campus.It’s also in commuting distance to the city centre. Ranked at number nine in the UK, properties in this post code have a lower average asking price of £185,645 whilst returns on property are around 8.60% which is incredible in terms of buy to let investment.

Finally – M20 appears in 25th position, with an average asking price of £247,026 and average yield of 7.09%. This far exceeds expectations on residential property where 6% is thought of as an acceptable minimum return in the present UK market, and also surpasses the Manchester average yield of 5.5%.This more suburban part of Manchester has a certain affluence about it, with independent shops plus trendy bars and restaurants a big pull for tenants.

The introduction of an additional Manchester post code to the all-inclusive list of buy to let yields comes as an improvement on the past figures for 2016/17, which only saw two post codes in Manchester feature in the top 25 chart. This echoes the city’s rising prominence as a destination for investment and RW Invest are just one of the property investment companies showing a heavy focus on Manchester’s up and coming market potential.

Opting to push buy to let opportunities in the North of the UK instead of the South, their extensive Manchester portfolio can be viewed here, https://www.rw-invest.com/manchester-property-investments/, and boasts properties with yields as high as 8% in prime locations throughout the city centre’s most desirable hotspots.

It’s promising to see Manchester growth in dominating such a prestigious rental yield map. Surpassing a number of major cities and post codes in London, the city is finding its feet as a go-to place for property in the UK Northern Powerhouse.To see what all investors are witnessing in real data form, investment is expected to skyrocket in the highlighted areas, as well as more central Manchester zones.

Leave a Reply

Your email address will not be published. Required fields are marked *