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The North West is one of the most enticing regions for UK property investment, touted by industry experts as one of the higher-yielding areas with excellent capital growth potential. As such, it should not be surprising that this Manchester location sits at the top of the Paragon Bank overview of popular buy-to-let locations.

The North West has much more affordable properties than many other UK places. HM Land Registry’s UK House Price Index puts the average North West property price at £215,082. As of January 2024, the average UK house price is £281,913.

In addition, the HomeLet Rental Index puts the average rental price in the North West at £1,024, giving the region an average rental yield of 5.71%, higher than the national average.

Regarding the North West buy-to-let market, landlords may see returns of 9.2% over the next year in certain locations, as per the most recent Savills cross-sector forecast. In addition, Savills predicts that the North West will see capital growth of 20.2% over the next five years. In comparison, the UK is only expected to see growth of 17.9%.

These figures position the North West as an area ripe for property investment, mixing good-value properties with long-term investment prospects. So, if you’re investing in Manchester property, you could see some positive results.



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