Calling all budding buy-to-let investors – there couldn’t be a better time to start or expand your property portfolio!
As pent-up demand increases in the rental sector and the stamp duty freeze continues to push house prices to an all-time high, it’s time to focus your attention on one of the most profitable buy-to-let hotspots in the UK!
New research has revealed that Manchester ranks as the second-best city in the UK for buy-to-let opportunities (with Salford coming in at first place!).
The data shows that house prices average out at around £193,000, with rental incomes averaging at just over £1,100. Not only that but thanks to the stamp duty holiday, you can also expect to save around £1,373 in savings!
Suzanne Dugdill, our new Head of Estates, said: “Manchester is the largest economic area outside of London. But, more importantly, it’s a favourite property investment area. Investors are looking to buy now! Prices are tracking to rise in Manchester and will continue to do so for the rest of this year.”
With a number of quality buy-to-let opportunities available in and around Manchester with Edward Mellor, now is the perfect time to invest.
What’s more, we offer a range of property management packages that can be tailored to suit your unique needs.
Our Head of Property Management, Stacey Rushworth, adds:
“Here at Edward Mellor, we do not have a ‘one size fits all’ approach to property management. Instead, we tailor our services to the needs of our clients. Whether they be smaller landlords who require us to understand their emotional connection to their properties or larger investors who prefer to take a very hands-off approach and have our experienced team lead the way.“
As always our experienced team are on hand to answer any questions you might have – just give them a call on 0161 443 4777.