Investor Guide: Manchester Rental Market

Manchester ship Canal at Salford

Investor Guide: Manchester Rental Market

 Your buy-to-let property guide to the areas and tenant profiles in Manchester. 

深入了 解当地各区域情况与租客画像, and what factors matter to tenants in 2022. 

Church in UK

作为英国除伦敦以外规模最大的区域经济体,曼彻斯特长期以来都是备受投资者青睐的住宅投资市场 

这座城市曾是19世纪全球首个工业化大都市,如今已发展成为拥有多元化产业和先进经济体系的国际城市,吸引了包括谷歌(Google)、汇丰银行(HSBC)及英国广播公司(BBC)等重量级企业入驻。 

Having cemented its reputation as the economic epicentre of the Northern Powerhouse, both global and regional talent has moved to Manchester in droves. The number of residents has grown from 851,780 in 2000 to 1,060,300 in 2021, with Oxford Economics forecasting it reach 1,136,280 residents by 2035.  

而不断增长的人口,也持续推动着当地住房及租赁市场的需求 

Classic Houses in the UK

With the exceptional growth levels in population, housing supply has struggled to keep up with demand resulting in just 34% of the housing needs fulfilled over the past 9 years. These factors combined form a robust economic foundation for the investment case for Manchester’s residential real estate.  

当然,并非所有投资机会都具有同等表现。不同区域、不同产品类型以及不同租客需求,都会直接影响物业的出租表现和投资回报。 那么,租客最看重哪些因素?投资者又该如何提升收益率? 

继续阅读,深入分析曼彻斯特最受欢迎的买房出租投资区域,并探讨各区域对应的租客画像,以及投资时需要重点关注的物业特征和市场因素。 

曼彻斯特租赁市场概览 

As one of the most diverse cities in the UK, it’s no surprise that Manchester’s buy-to-let opportunities reflect that. Greater Manchester operates as a metropolitan county of 10 boroughs: Bolton, Bury, Oldham, Rochdale, Tameside, the City of Manchester, the City of Salford, Trafford, and Wigan. There are options to suit all budgets spread over several locations linked to the various employment hubs. You can find the home of creatives in MediaCityUK to the west, whilst slightly to the north is NOMA – housing Amazon, Deloitte and other large-scale corporations. Students congregate further south next to the award-winning universities, and anything further out is exceptionally well connected via the largest tram network in the UK. 

Buy-to-Let landlords continue to capitalise on the strength of the rental market in Manchester, as yields far outstrip London and South England. In city centre locations, the yields are typically lower while more affordable apartments are located in areas experiencing regeneration, where you’ll find stronger yields. Manchester is the third most-visited city in the UK so short-term lets are an option in developments where freeholders provide approval and can significantly increase the yield, however they are more volatile so be cautious of your risk profile before opting for that avenue.    

以下为曼彻斯特最受投资者关注的热门区域: 

Salford Quays (M50) 

Salford Quays Bridge night view

索尔福德码头在工业革命时期曾是重要的制造业中心。经过大规模城市更新后,如今这里已成为英国媒体城(MediaCityUK)所在地,以现代化滨水社区、高层住宅群以及充满活力的创意产业氛围而闻名。 

英国媒体城(MediaCityUK)围绕着一个面积约为伦敦特拉法加广场两倍的滨水公共空间打造,现已发展成为英国最具影响力的媒体与科技产业聚集区之一。英国广播公司(BBC)、英国独立电视台(ITV Studios)及SIS LIVE等知名企业均已在此设立办公基地,吸引着全球各地的顶尖人才。 

Having already seen £650 million of investment into developing the area, it will further benefit from another £1 billion in private investment, set to double the size of MediaCityUK. The masterplan is also to include the UK’s largest private-rented sector to meet the area’s enormous rental demand. The region is currently experiencing a boom and holds significant economic potential. MediaCityUK is solely responsible for 8,000 jobs with up to 30,000 people employed across the wider area of Salford Quays, with expectations for this to increase to 60,000 jobs by 2040.  

租客画像 

对于买房出租投资者而言,索尔福德码头的目标租客群体相对明确。当地租客主要为30岁以上的专业人士,集中就业于创意、数字媒体、科技及相关产业领域。该群体平均年收入通常超过4万英镑,拥有稳定的职业背景和较强的租赁支付能力,其中一居室和两居室单元的租赁需求最受欢迎。租客多数为单身专业人士,也有部分情侣共同居住。 

住宅市场表现 

The average sale price according to Zoopla over the past 5 years aggregating 112 apartments in Salford Quays was £216,846 (April 2022). 

M50 

平均挂牌价  平均租金回报率 约  每月成交量  平均售价(每平方英尺) 
£218,465  6.1%  5  £309 

Source: https://propertydata.co.uk/cities/manchester 

 Development Case Study: Rivergate in Salford Quays 

  • Launched in 2016, completed same year 
  • Units: 20 one-beds, 125 two-beds, 19 three-beds 
  • Price Range at Launch: GBP158,000 to GBP365,000  
  • Size Range: 488 – 1,034 sq ft 
  • Estimated Rental Yield: Up to 5.48% 

101 Units under Complete Ltd’s management 

  • 11-month current average tenancy term 
  • 5.45% current average rental yield  
  • 5% average rental increase since completion 

 

Old Trafford (M16) 

Old Trafford Aerial View

特拉福德(Trafford)位于曼彻斯特市中心以西,覆盖奥尔特灵厄姆 (Altrincham)、塞尔(Sale)及斯特雷特福德(Stretford)等多个区域。 

作为大曼彻斯特地区最重要的商业与企业中心之一,特拉福德拥有的企业数量位居首位,同时,该区域以丰富的休闲娱乐资源和浓厚的体育文化氛围而闻名。  

这里不仅是曼联足球俱乐部主场老特拉福德球场(Old Trafford Stadium)的所在地,同时也是兰开夏郡板球俱乐部(Lancashire County Cricket Club)的主场。每年大量国内外游客和体育爱好者前往观赛,近年来,特拉福德的餐饮及夜生活产业发展迅速,越来越多年轻专业人士选择在此工作和生活,下班后聚集于当地酒吧、餐厅及休闲娱乐场所,形成充满活力的都市生活氛围。 

交通方面,特拉福德拥有优越的区位优势。距离英国第二大机场——曼彻斯特机场仅约10分钟车程,可便捷连接英国主要商业城市及全球多个国际目的地。区域内同时拥有完善的铁路和Metrolink轻轨网络,未来还将受益于英国高速铁路HS2的连接规划,进一步提升区域通达性。 

租客画像 

As the area is considered up-and-coming, your tenants in Trafford would be in lower income job roles when compared to neighbouring Salford Quays. Typically, you’re looking at a tenant in their early twenties earning between £20,000 and £25,000 a year. Generally, the most popular units are one-bed and two-bed apartments. 

住宅市场表现

平均挂牌价  平均租金回报率 约  每月成交量  平均售价(每平方英尺) 
£237,647  4.6%  15  £274 

Stats: https://propertydata.co.uk/cities/manchester  

Development Case Study: No1 Trafford Wharf in Old Trafford 

  • Launched in 2018, completed in 2021 
  • Units launched: 52 one-beds, 121 two-beds 
  • Price Range 
  • One-beds: GBP149,000 – GBP200,000 
  • Two-beds: GBP210,000 – GBP275,000 
  • Size Range: 437 to 761 sqft 
  • Estimated Rental Yield: Up to 5.8% 

72 Units under Complete Ltd’s management 

  • 11.7-month current average tenancy term 
  • 5.16% current average rental yield  

 

曼彻斯特市中心及查尔顿梅德洛克 Chorlton-on-Medlock (M1 & M13) 

Manchester City Centre view

 

曼彻斯特市中心租赁需求旺盛,是买房出租投资者的热门选择,但收益率通常低于特拉福德和索尔福德码头区域。若沿牛津路稍往南进入乔尔顿-梅德洛克区域,就会发现这里拥有收益率可观的专业学生公寓(PBSA)和学生合租公寓(HMO),服务于该区域内两所著名大学和多所学院。  

多租户住宅(HMO)是指一套公寓由多位租客共同居住,每人独立与房东签订租约。虽然租客流动率通常较高,需要投入更多管理工作,但同时也带来更高的收益率和更短的空置期,同时整间公寓的租金收入不依赖于单一租客。 

Manchester has one of the largest student populations in Europe with more than 100,000 students at any given time. It also has one of the largest volumes of international students at 26,000 and a graduate retention rate of 51%, second only to London in the UK.  

The area is experiencing significant regeneration around the universities, one notable project being a GBP750 million mixed-used development scheme called Circle Square. The 2.4 million sq ft project is set to be completed in three phases, with No.1 Circle and No.2 Circle finished in 2020. It will consist of 1.2 million sq ft of workspace, 1,700 new homes and over 100,000 sq ft of retail, leisure space, restaurants, bars, and cafes centred around Symphony Park. This vast new park, the first in the city for a generation, will host a variety of community and cultural events celebrating the city’s dynamic and creative community for residents and visitors alike. 

租客画像 

Investors in Chorlton-on-Medlock are highly likely looking at students living in their buy-to-let apartments. PBSA has become particularly popular as students place more value on the social element of attached leisure facilities such as study areas, gyms and games rooms. The Circle Square development’s PBSA section, for example, offers weekly events (such as career workshops and sporting activities), movie rooms, creative spaces and private dining rooms for their student tenants. 

该区域典型租客年龄介于18至25岁之间,其中不少国际学生或来自高收入家庭,其父母通常作为担保人并承担留学期间的生活费用。 对于学生租客而言,安全性也是选择住所时的重要考量因素,尤其是国际学生群体。市场需求主要集中于一居室、两居室及三居室单位,而在学生合租市场中,最常见的租赁模式为“按房间出租”,即每位租客分别支付自己的房租。 

住宅市场表现 

According to Zoopla the average apartment in M13 sells for £122,500, in M1 it’s £217,764. 

M1 

平均挂牌价  平均租金回报率 约  每月成交量  平均售价(每平方英尺) 
£259,099  5.2%  12  £321 

 

M13 

平均挂牌价  平均租金回报率 约  每月成交量  平均售价(每平方英尺) 
£228,519  5.7%  5  £207 

Stats: https://propertydata.co.uk/cities/manchester  

Development Case Study: The Assembly in Cambridge Street, Manchester 

  • Launched in 2015, completed in 2016 
  • Units: 282 one-beds, two-beds & three-beds 
  • Launch Price: Starting from GBP183,000 
  • Size Range: 543 – 1,009 sq ft 
  • Estimated Rental Yield: Up to 6% 

93 Units under Complete Ltd’s management 

  • 11.5-month current average tenancy term 
  • 6% current average rental yield  
  • 8% average rental increase since completion 

想了解更多曼彻斯特的投资机会? 欢迎咨询Complete 租赁及物业管理顾问团队,获取专业一对一建议。

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