MediaCityUK and Salford Quays have quickly emerged as vibrant, high-demand areas for property investment, despite being slightly removed from Manchester City Centre. Known for their strong professional community, driven by industries like media, tech, and education, these areas offer a unique blend of modern living and career opportunities, making them increasingly popular among young professionals and property investors alike.
Strong Property Price Growth and High Rental Yields
The property market in MediaCityUK and Salford Quays has seen tremendous growth over recent years, and this trend shows no signs of slowing down. The average property price in the area, located on the historic waterfront site of the old Salford Docks, currently sits at £199,370. This growing popularity has driven a sharp increase in property values, with prices rising by 10.68% in the past year alone.
For buy-to-let investors, the area offers highly attractive rental yields. Rental prices range between £1,000 and £1,250 per month, resulting in an average rental yield of 8.22%—making it one of the most lucrative areas in the region for rental investments. The combination of increasing property values and high rental returns ensures that MediaCityUK remains a top choice for investors looking for both steady income and capital growth.
A Growing Hub for Young Professionals
One of the key factors driving the demand for housing in MediaCityUK is its thriving professional community. Major employers such as the BBC, ITV Granada, and The University of Salford have brought thousands of well-paid jobs to the area, attracting young professionals who want to live near their workplaces. While it may not be within walking distance to Manchester City Centre, the area’s vibrant atmosphere, excellent amenities, and modern housing options more than make up for it.
The area’s rapid expansion, set to double in size by 2026, will further increase job opportunities and housing demand, offering investors long-term growth potential. As more businesses and professionals flock to the area, the property market will continue to strengthen, providing ample opportunity for capital appreciation.
High Returns and Continued Development
For property investors, MediaCityUK offers not only strong capital growth but also excellent rental yields. With properties delivering an average yield of 8.22%, investors are benefiting from both high tenant demand and rising property values. The area’s ongoing development and regeneration ensure that this growth is sustainable, as more professionals move in and infrastructure continues to improve.
A Prime Investment Opportunity
With its ongoing regeneration, excellent job opportunities, and rising property values, MediaCityUK and Salford Quays have become one of the most desirable areas for property investment in Greater Manchester. The combination of high rental yields, increasing property prices, and a growing population of young professionals makes this area a prime location for both buy-to-let and long-term investment strategies.
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