When purchasing an investment property, experienced investors will agree when we say location is paramount. Manchester has become a popular area to consider when looking at investment properties due to the city’s dynamic nature and eclectic mix of habitants.
Manchester is a thriving city boasting a large city centre with a mixture of designer and high street fashion houses, modern city offices, a nightlife scene to rival even London’s finest, the ever popular Village & China Town, old historic gems such as Affleck’s palace and a large student community – and that’s all just in the city centre.
Property investment in Manchester city centre of may not appeal to all investors so it’s worth considering the surrounding areas as they too boast unique attractions driving professionals and students towards the outskirts.
What to look for when considering property investment in Manchester
The surrounding areas of Manchester have certain hotspots. The BBC recently moved their operations to Media City in Salford which is already home to large upmarket shopping outlet, The Lowry. Salford Quays boasts luxury office accommodation and Salford University is ever popular with the student community – it’s because of these reasons why Mistoria chose to grow their presence in this area mainly capitalising on the student market. It’s also possible to purchase properties at approximately 50% of the price to achieve the same rental figures.
Regeneration areas are the ones to watch for investors; especially when considering property investment Manchester.
I want to purchase a property investment in Manchester, where should I go?
The Mistoria group have been based in Manchester since our inception, there’s no-one better placed to advise you on all aspects of property investments. Our team are friendly knowledgeable and are more than happy to chat and give you a tour around some of our investment properties in Manchester to give you a taste of what we have to offer.