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Rents Rise In Manchester

More Great news for all our Manchester investors!!

The Mayweather team have been doing a quick review of how rents have been improving over the last 12 months here in our hometown of Manchester.

Not only have the rents increased dramatically – the voids are virtually non-existent. Literally as one tenant moves in we have new tenants desperate to replace them often at higher rents. Often we are seeing tenants moving in within 24 – 48 hours.

We have been rounding up data from both our own portfolios and some of our clients and I think you’ll be impressed!!

1 bed apartment –Manchester No Parking

We have recently started a new tenancy in January. Previously we had been getting £625/mth. The new tenant is more than happy to pay £750. Within 24 hours of re-advertising the property, we had 7 applications and the first viewer took the apartment on there and then.

2 bed apartment –Manchester No Parking

Although there has not been a new tenant in the property for over 4 years, each year the rental has increased by £25-£50 per month. At this year’s rent review we increased the rent from £800 – £850/mth.

3 bed apartment – Outskirts of Manchester

Again, this year we have secured a rent increase of £50/mth which takes the rent to £950/mth. We have been told by a local letting agent that we have potential to increase to £1000/mth at the next review.

This is just a small sample, which highlights how buoyant the Manchester property investment market is for buy to let investors.

Want More Information?

For more information about the latest Manchester property investment deals from Mayweather Estates, be sure to register your interest here today. Alternatively feel free to contact one of our investment specialists on 0161 212 7414. Or visit our website today www.mayweatherestates.com