Top Locations in The North West for Investment Returns - 11/08/2023

Nestled in the heart of the United Kingdom, the North West region has emerged as a thriving landscape for property investment, promising not only scenic beauty but also the allure of remarkable returns.

With its dynamic cities, pulsating cultural scene, and strategic geographical advantages, this part of the UK offers a spectrum of investment opportunities for those with a discerning eye. Exploring areas with the best interest rates on the market, we’ve listed the top four most sought-after locations in the North West that consistently deliver outstanding investment returns.

Manchester: The Powerhouse of the North

Manchester, a city with an indomitable spirit, has reinvented itself as a hub for innovation, culture, and business. With an average annual rental yield of approximately 5.55% and a capital appreciation of around 4.8% over the past five years, Manchester beckons property investors with its impressive potential.

Renowned universities across the city attract a diverse student populace, nurturing the demand for rental properties, alongside the city's growth across sectors such as technology, finance, and media ensuring a constant flow of young professionals seeking accommodation.

In addition to the flourishing student and young professional audience, ongoing projects like the High-Speed 2 (HS2) railway has heightened Manchester's long-term property investment allure with many moving north for affordable living rates, with public transport becoming a preferred mode of transport.

Liverpool: Beyond Football Glory

Liverpool's narrative goes beyond its football glory, weaving in historical significance, an iconic waterfront, and an arts scene that pulses with life and as a result, the city has garnered average annual rental yields of approximately 5.05%, coupled with a capital appreciation of 3.7% over the past five years. Diversification beyond football has opened doors to initiatives like the Liverpool Waters project and the Knowledge Quarter, fostering an ecosystem that lures businesses and investors.

Affordable property prices coupled with robust rental demand continue to magnetise property investors in search of alluring returns. Moreover, Liverpool's strategic location along the River Mersey positions it as a gateway for international trade and commerce, bringing with it further diverse markets.

Salford: A Phoenix Reborn

Salford, having risen from the ashes, stands as a testament to urban revitalisation, presenting a treasure trove of investment potential.

MediaCityUK, a nucleus of creativity and technology, has lured a burgeoning community of professionals, propelling demand for rental properties. With average annual rental yields of approximately 5.25% and a capital appreciation of 4.1% over the past five years, Salford shines as a beacon for investors seeking both immediate returns and future growth.

Its competitive property prices when juxtaposed with neighbouring Manchester, along with its strategic positioning, amplify its investment allure which is only set to grow.

Bradford: The Rising Star

Bradford, steeped in a legacy of industrial grandeur, is ascending as an investment destination fuelled by ambitious regeneration projects. Initiatives such as the Bradford Canal Quarter breathe new life into its urban landscape, inspiring investor interest.

With average annual rental yields of approximately 4.55% and a capital appreciation of 3.6% over the past five years, Bradford's relatively affordable property prices and burgeoning cultural scene render it a captivating prospect for investors. Seeking opportunities in untapped markets for both residential and student property, Bradford has around 42,000 students studying on campuses across the city, with many choosing Bradford as a base to live in for its affordable prices.

The North West of the UK isn't just a region; it's an investment canvas painted with the hues of economic dynamism and cultural vibrancy. Whether you're drawn to Manchester's urban renaissance, Liverpool's multifaceted charm, Salford's reinvention, or the burgeoning prospects of Bradford, the North West caters to the diverse appetites of property investors.

Thorough research, meticulous due diligence, and an astute grasp of local market trends are the compass points to navigate this landscape for optimum returns. As the North West's evolution and growth continue, investing in its property market could very well be the brushstroke that paints a prosperous investment journey.

If a journey in property investment interests you, here at Elavace we pride ourselves in our top-tier knowledge of the North West market. By working directly with ethical property developers such as Integritas Property Group, we’re able to guide you on your journey with regular updates on the development of your choice for peace of mind.

To find out more, get in touch with a member of the team today.