Average Property Price: £201,373
Average Monthly Rent: £1,260
Average Gross Rental Yield: 7.51%

Our number one pick is Salford Quays. This area’s average property price is significantly cheaper than the Manchester average while benefiting from significant demand and capital appreciation potential.

After expansive regeneration projects such as Media City UK, the Salford Quays area has been completely transformed, boosting local property values and becoming a haven for young professionals. Salford is known for having some of the area’s most robust capital growth prospects and higher-than-average rental yields.

The area’s reputation as an up-and-coming buy-to-let hotspot has been known for a few years, making the area a favourite for developers. Thanks to this, there’s now a plethora of luxury new-build property in Salford Quays, and plenty of investment opportunities are available, including sought-after waterfront apartments.

(Property prices were taken from Rightmove, and average rents were taken from housesforsaletorent.co.uk unless otherwise stated. These sources were also used to calculate an estimated average rental yield for each area)

To learn more about the Greater Manchester property market, take a look at our latest area guides covering topics such as investment property available in Bolton and available investment property in Stockport.