With rental incomes steadily rising and demand outstripping supply, investing in a buy-to-let property can be a good way to increase your monthly income.
As one of the fastest growing cities in the UK and with an influx of new property developments, Manchester provides the perfect opportunity for anyone looking to invest in property.
Buying a property to rent out in Manchester can often deliver between 5-8% yield depending on the location and the type of investment you’re searching for.
Compare this against a 4 year fixed-rate bond at 1.85%* or a high-interest Cash ISA at 1.05%* and investing in property looks an interesting proposition. If you also compare this with London that most of the time will require a minimum 50% deposit and will offer a 3% return.
Property should always be looked at as a long-term investment to maximise returns, but not only will an investor receive regular income, they can also benefit from increases in capital value.
Like any investment, buy-to-let comes with no guarantees and always carries an element of risk. But with the help of a professional agency like Best of Buy To Let, you can find the right property and increase its potential for a great rental yield.
Our professionals can help identify which properties are most suitable for your budget, predict your expected return and even manage the property for you. With the help of our expertise, many of our existing landlords benefit from consistently high yielding returns on their properties across Manchester.
