buy to let in Manchester

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    buy to let in Manchester

    Hi everyone,

    I am going to do a buy-to-let in Manchester. Planning to have a semidetached or terraced, with refurb. perhaps in the southwest or northwest region. Is it hard to find a tenant?

    Usu how long should I expect to have a tenant? And is there any tools online I can use to get some ideas?

    Thank you!!

    #2
    This website may help you:

    https://www.home.co.uk/guides/house_...ter_manchester

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      #3
      Manchester can be a minefield (like all big cities, I guess) - you need to choose your area carefully. Agent-managed or not, you don't want to end up with Frank Gallagher as a tenant !

      Fully research how much houses in an area rent for and sell for, and search daily to see how quickly they're renting and selling once listed.

      If I were buying, I'd choose an area like Dane Bank or Reddish (yes, technically not Manchester, but still within the M60). Slightly more expensive than nearby Gorton, with a lower yield, but you'll attract a better class of tenant, and generally get a better capital appreciation. I say like, because I'd recommend finding an area near where you live - ideally no more than a 20 minute drive.

      Tenants mostly don't even know themselves how long they're going to stay, despite often having plans. Mine usually stay between 1 and 3 years before moving on.

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        #4
        You should visit the local estate agents and ask what is the waiting time for finding a tenant . I guess a semi-detach house with off -street parking may be quicker than on the road outside a row of terrace house

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