October 11, 2007

Shortage of Property at "The right price" Fuels Mini-Boom

After a desperate call from our lettings agent ALL their Manchester city centre properties are fully let. NOT ONE city-centre based property on their books is empty.

 Despite the scaremongers out there Manchester still offers exceptional investment opportunities BUT you must buy the right property at the right price in the right area.

I own 20 Manchester Investment Properties in the city centre with a further 12 in various other locations in the UK and overseas. I have just been reviewing our portfolios performance over the last 12 months and it has highlighted how well the Manchester properties perform in both terms of lack of voids and actual rental returns. In fact, we have just decided to sell some property outside Manchester with the view to re-invest back in Manchester.

 Property Investment “Sweet spots”

 Often you will hear the term “Hot-Spot” – I want to briefly mention “Sweet-Spot”. No, I am not ranting about a golf-term, but a phenomenon which is working exceptionally well for my clients.

 Where Else can you buy a city centre 1 bed apartment for less than £115,000 which will rent at £550-575 and a 2 bed/ 2 bath property for less than £150,000 which rents for £700pcm?

 Because of demand and prices for the lower end properties are increasing faster than the high end properties. We literally have a queue of potential tenants waiting for property to rent at this price point.

But It Gets Better!

 Not only are they at such attractive prices they are in an area of major regeneration which offers exceptional growth potential. In addition they are:-

  Next to the latest spur of the Metro-link (Tram)

  • Next to the 70 Acre Urban Splash “New-Islington” area which is a mixed-use retail, residential and commercial space which I am confident will be the “New-Place To Be!”

 I can see that this price point is drying up rapidly and we only have a few opportunities available before they are all gone.

 Mark my words (for the record of course!) This will be an area of exceptional growth in the future.

If you want to see for yourself I would welcome the opportunity of meeting you and showing you the for yourself

 For further details of this and other opportunities either email blog@buyproperty4less.com or call 08450 637 638

 

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