Greater Manchester offers endless property investments – and they’re often snapped up quickly due to their high rental yields. Every borough is sought after – from the city’s student suburb of Fallowfield, to the affluent Altrincham.
With so many opportunities to explore, it pays to be aware of the different investment strategies available. 4PropertyUK cover them all:
Whilst buy-to-let mortgage fees will likely be higher than that of an ordinary one, potential rental yields present the opportunity to make that money back. This is especially because it’s unlikely the property will ever be vacant for long – you can guarantee near-continuous occupancy thanks to Greater Manchester’s ever-increasing popularity among renters.
Houses in multiple occupation (HMOs) have the potential for higher profits than buy-to-let properties, allowing several tenants who aren’t related to live in a home with shared facilities. You could even live in it if you wish to. HMOs are becoming a more popular way of living, and also have the benefit that rental income can still be received from other tenants even if one moves out. They’re therefore perfect for student or professional house shares.
Properties that come fully furnished and offer additional, hotel-like services tend to attract higher rates of rent. Depending on the property you purchase, you might be able to provide housekeeping, a fitness space, or a recreational room on top of the existing local amenities. However, this will entail further management.
It doesn’t matter if you’re time-poor. With 4PropertyUK’s all-round service, everything will be taken care of, so you can become an ‘armchair investor’. We’ll promote your home to quickly source tenants, do the necessary background checks, draw up the rental agreements, and deal with ongoing management and maintenance