Property investment in Greater Manchester

The UK's second city

About Greater Manchester

Greater Manchester is the centre of the Northern Powerhouse and has gone from strength to strength in recent years as investment has poured into the North West, both from inside the UK and from direct foreign investment. Greater Manchester is the fastest growing region in the UK, seeing significant economic and population growth. This is matched by the housing market which is growing exponentially – property investment in Manchester is booming and there has never been a better time to invest in the city.

Within Greater Manchester, the two main focusses are the city of Manchester itself and its close neighbour, Salford, both of which played a significant role in shaping the UK as we know it. Today, the two cities make up the UK’s premier buy-to-let hotspot. The enthusiasm of the many young professionals and graduates moving to the region is matched by that of property investors keen to take advantage of the excellent yields and capital appreciation on offer.

Greater Manchester contributes £56bn GVA to the national economy every year, making it the largest economic area outside of London.

Greater Manchester Property Investment Guide 2016

About Manchester

The city of Manchester sits at the heart of the region of Greater Manchester and is already the UK’s de facto second city. Manchester is attracting attention from all over the world, notably the Far East where Chinese and Japanese investors have noted the city’s rise. The most visible example of this is the £1bn Chinese investment into Manchester Airport and Airport City.

Today Manchester is well on its way to becoming an internationally significant powerhouse. The city is already the third most popular tourist destination in the UK after London and Edinburgh. The current population of approximately 520,000 is expected to rise to 600,000 by 2030 in response to the booming economy and the opportunities the city has to offer. House prices have risen in line with Manchester’s growing stature over recent years and analysts expect to see them rise a further a 20% by 2020.

The Manchester Market

Average
house prices

£162,814

Average rental
returns

6%

Average rental
income pcm

£890

About Salford

Salford neighbours Manchester and has played a key part in the modern rise of the region of Greater Manchester. Despite the city often getting combined with Manchester in the popular consciousness and when the city is sold to foreign investors, Salford has its own identity and heritage and a significant place in the history of the North West of England. Most famously, Salford Quays is home to the Manchester Ship Canal which connected the city to the Irish Sea and allowed this inland city to become the country’s third biggest shipping port.

Today, Salford Quays is home to MediaCityUK, Europe’s first purpose-built media hub and the headquarters of the BBC, ITV, Bupa and many other large companies, as well as being a centre of innovation and a key part of the digital economy which is likely to power the North of England in the coming years. Salford has become a desirable investment hotspot in response to this as people from around the country move to the city to take advantage of everything happening there. This huge demand led to Salford being declared a buy-to-let hotspot in 2014 and 2015 by financial experts.

The Salford Market

Average Salford
house prices

£142,658

Average rental
returns

6%

Average
rental income

£899

Our Manchester property investments

X1 The Gateway

Current

X1 The Gateway

Manchester
Studio apartments from

£100,000

X1 The Gateway is a stunning new development in the heart of Salford, providing 191 residential units to the vastly sought-after area.
Adelphi Wharf Phase 3

Current

Adelphi Wharf Phase 3

Manchester
Apartments From

£114,995

With Phases 1 and 2 already in construction, this highly sought-after development brings high-end waterfront living to Salford, a buy-to-let hotspot currently enjoying an influx of tenants seeking to live and work in such a vibrant location.
X1 The Campus

Current

X1 The Campus

Manchester
Apartments from

£89,995

X1 The Campus is the 69th Knight Knox development and the 7th student development in partnership with X1. All previous developments are fully sold out and tenanted!
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What's on

Property Investor Show - April 2017
Property Investor Show - April 2017
Read the article
Property Investor Show - October 2017
Property Investor Show - October 2017
Read the article
Knight Knox Investor Seminar, Manchester - January 2017
Knight Knox Investor Seminar, Manchester - January 2017
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SMART Property Expo, Hong Kong - June 2017
SMART Property Expo, Hong Kong - June 2017
Read the article
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