- Student Population: 100,000
- Avg. Property Price: £254,985
- Avg. Gross Rental Yield: 7.78%
- Predicted Regional House Price Growth: 11.7%
Undoubtedly one of the best areas for UK student property investment 2024, Manchester boasts one of the UK’s most prevalent student scenes.
With affordable house prices, and some of the highest growth rates in all of the UK, Manchester property is an incredibly lucrative asset class.
The city boasts some of the best universities in the world, with the Redbrick University of Manchester recently voted in the world’s top 30 – its highest-ever position.
Aside from its choice of fantastic institutions, including Manchester Metropolitan University and the University of Salford, Manchester boasts a lively nightlife scene along with some attractive graduate roles in the many high-profile businesses located in the city.
The current average rental yield in Manchester stands at around 6.62%, the second-highest on this list – although student investments will net you higher returns.
Manchester property investment, like Liverpool, also boasts a huge international student population.
Around 20,000 students in Manchester are from overseas, with a huge amount coming from China, making PBSA especially lucrative in the city.
Capital growth prospects are also very high for the Manchester housing market, with expected growth in average house prices of 11.7% by 2027 for the North West.
Thanks to these prevailing market statistics, Manchester belongs on any list of the best areas for student property investment.
Its residential market is also thriving, with the likes of Embankment Exchange offering huge 6% returns from only £179,950.
To learn more about Manchester student property, be sure to check out our dedicated guide, updated for 2024.
If you’re thinking of making a student accommodation purchase in this top Northern hotspot, then be sure to focus on investments in the Salford area and city centre locations for the best possible returns.
Why Make a Student Accommodation Investment in Manchester?
- Manchester boasts one of the largest student populations in Europe, with over 100,000 students.
- The city has some of the highest capital growth rates in the UK, with a 289% increase since 2003.
- The University of Manchester is one of the UK’s top universities.
- Manchester was voted the best UK city to live in, according to the Global Liveability Survey.
- Manchester has the second-highest graduation retention rate in the UK, with over 51% of graduates staying in the city.