Investment Insights: Why Manchester Is a Landlord’s Dream

Manchester, a bustling metropolis in the heart of the UK, is witnessing a significant influx of landlords eager to invest in its thriving property market. But what's fuelling this migration of property moguls to Manchester? 

 

Recent studies have placed Manchester at the pinnacle of property investment hotspots in the UK. With an average weighted rental yield of 7.50% in popular postcodes like M14, covering areas such as Fallowfield and Rusholme, it's no wonder landlords are gravitating towards this city. The combination of affordable property prices, below the national average, and robust net yields averaging 6.9%, makes Manchester an irresistible destination for savvy investors. 

 

The current economic climate has prompted landlords to seek out regions where their investments can stretch further and yield better returns. Manchester's lower price points and the potential for better profits have made it a beacon for buy-to-let landlords, especially in the wake of rising mortgage rates which necessitate less leverage for more affordable properties. 

 

Statistics from the Office for National Statistics reveal that the average house price in Manchester was £250,000 in January 2024, marking a 5.8% increase from the previous year. Moreover, private rents rose to an average of £1,184 in February 2024, a significant annual increase of 12.3%. These figures underscore the city's dynamic rental market and the opportunities it presents for landlords. 

Are you looking for guaranteed rent every month? Divrse offers landlords a stress free, quick solution for letting your property. We offer Guaranteed rent every month, even if your property is vacant. There are no maintenance fees, no void period, zero selling or legal fees, and all achievable in 7 days! We have over 30 years property experience, we are Landlords too, we are local and know your market. If you’re strapped for time, or hate dealing with the day to day issue, we might just be the perfect solution for you. 

The reasons landlords are flocking to Manchester are clear: strong yields, capital gains prospects, and a robust rental market. For landlords looking to make the most of these opportunities, partnering with Divrse offers peace of mind and financial stability. With guaranteed rent and comprehensive management services, Divrse is the ally every landlord needs in today's competitive market. 

 

Are you ready to join the ranks of successful landlords in Manchester? Contact Divrse today and secure your investment's future.