Considering dedicating some of your hard-earned money to snapping up a lucrative property investment in Manchester?

Regardless of whether your ideal tenant is a young family or a group of students, knowing which areas of Manchester are worth investing in is crucial if you want to push up your profits and enjoy higher rental yields.

To help you pick the perfect location for your first (or next) property investment in Manchester, the property professionals at The Mistoria Group have identified five of the top investment areas in this vibrant and influential city.

Is Manchester a good place to invest in property?

As one of the UK’s most attractive cities for young professionals, Manchester is widely viewed as diverse, dynamic, and contemporary.

Also boasting huge rental market demand and affordable property prices, this thriving city is a great place to invest in property.

Which area is best to invest in Manchester?

Struggling to choose an area within Manchester to focus your investment property search? When it comes to picking a profitable property investment in Manchester, location is (and always will be!) essential.

To help make this important decision a little easier, the team of property investment professionals at The Mistoria Group have put their vast experience to good use and identified five of the top places to invest in property in Manchester.

Fallowfield (M14)

If you’re keen to invest in property outside of Manchester city centre, then Fallowfield is well worth considering.

Close to both the University of Manchester and Manchester Metropolitan University, this bustling neighbourhood is a popular spot for students.

The area is therefore already filled with houses of multiple occupation (HMOs), but there are plenty of other Victorian terraced properties with potential for developing into student accommodation.

This primarily student demographic contributes, in no small part, to the comparatively huge average rental income.

Salford (M6)

Keen to increase your rental yield? Compared to other areas in Greater Manchester, Salford landlords can enjoy greater yields if they invest in properties in this location.

This significant increase in rental yield is a welcomed effect of ongoing regeneration (such as revitalised waterways and green spaces) and lower property prices in comparison to surrounding areas.

On top of an attractive rental yield, Salford also offers inhabitants affordable public transport costs and easy access to exciting Manchester, making it a popular and budget-friendly destination for young professionals, families, and students alike.

Old Trafford (M16)

While Old Trafford may not offer the same attractive yields as the likes of Salford and Fallowfield, it can be a popular option for property investors for another reason – capital growth!

With house prices in Old Trafford having increased substantially since 2008 compared to Manchester as a whole, this area could be an ideal location to invest in if you’re looking for more of a long-term investment.

Longsight (M13)

Boasting low average property prices compared to the surrounding areas, but massive potential to generate exceptional rental yields, Longsight should be another Manchester location that’s at thetop of your list of investment areas to explore.

Another favourite student hotspot, Longsight is home to one of the busiest markets in the North West, as well as an extensive library, and The Manchester Apollo Theatre.

Ancoats (M4)

Thanks to a combination of high rental demand, ongoing development, and a surge in popularity over recent years, it’s no wonder that Ancoats has made it onto this list of the top five areas for property investment in Manchester.

Popular among both young professionals and students, Ancoats features an eclectic food and drink scene including breweries, bars, teahouses, and restaurants, giving the area a cool and modern reputation.

Seeking expert support with property investment in Manchester?

North West-based, The Mistoria Group has supported aspiring landlords and experienced property investors alike with their search for lucrative and profitable investment properties across the UK.

Our professional team is composed of 50 dedicated employees (including chartered accountants and letting agents) that can help you to explore various investment properties in sought-after locations such as Manchester, Salford, Liverpool, and Bolton.

To find out more about our vast experience in this industry or the selection of property investment services available at The Mistoria Group, please don’t hesitate to get in touch with our knowledgeable team today.

You can either give us a call on 0800 500 3015, email your enquiry to info@mistoriagroup.com, or reach out using our online contact form.

Plus, with eight branches dotted across the North West of the UK, please feel free to pay our friendly team an in-person visit to discuss your property investment requirements in more detail.