Manchester is one of the UK’s best buy to let markets and has been for a long time. However, if you are looking to invest in Manchester buy to let property, where in the city should you look for the best deals and greatest future potential?
Buy to let property in Manchester is popular with investors from around the world due to the city’s fast growing population, rising rents and the undersupply of available housing.
But where is the best place to invest in Manchester buy to let property?
Of all the high investment areas in Manchester, one cluster based around the Bridgewater Canal waterfront in particular has an extremely high concentration of developments, jobs and plans for the future.
On one side, you have MediaCityUK, home to the BBC, ITV and more than 200 other businesses in modern media, digital and creative industries. Thousands of jobs have relocated here from across the country and brought a huge number of people to the area. Now, a £1bn investment is doubling the size of this tech cluster and will bring even more prosperity and jobs with it.
Alongside that, the development of the Pomona Island masterplan is extending the city centre outwards and turning the Cornbrook-Castlefield corridor into Manchester’s next major urban residential area. Retail, residential and leisure investments are underway with early buy to let investors already reaping the rewards.
Now, a third major regeneration plan is underway next door.
Trafford Council has published a 15-year masterplan to transform the 215-acre area around the Old Trafford football and cricket grounds into a multi-billion pound world-class travel, tourism and leisure destination.
The plan includes world class office space, schools, as well as retail and leisure opportunities alongside a significant amount of money to improve the public realm linking the area to a new waterfront promenade with tree lined streets, a central linear park and connection to MediaCityUK.
All this investment guarantees that lots of jobs will be created and more homes will be needed in the area than ever before. It is set to become one of the most popular places to live in Manchester and there simply aren’t enough properties to keep up – making it a great Manchester buy to let investment opportunity.
Berkeley Square is located next to MediaCityUK, Pomona Island and the Old Trafford masterplan zone, putting it squarely in Manchester’s new high growth area.
The waterfront development comprises 500 one-, two- and three-bedroom apartments and will be a secure community ideal for professionals and families who want to rent in this vibrant setting.
Amenities including a gymnasium, concierge and landscaped courtyard garden complement a high specification throughout and a focus on wellness making Berkeley Square a superb place to live.
Construction is underway and anyone looking to invest in Manchester buy to let can be confident Berkeley Square offers a profitable addition to their portfolio.
Learn more about Berkeley Square and get in touch with the team today.
