According to an investor who published an advert in Landlord Expert, a new apartment/flat just off Deansgate, which is prime real estate near the City centre of Manchester, would produce an estimated return of between 816 and 1077 percent in two years. In addition the information given suggests that it could be rented out to tenants for at least £1100 per month.
Hmmm… I wouldn’t want to cast any aspersions on anybody, but perhaps they might want to find out just how many apartments are currently available and being built in the centre of Manchester. The term over supply springs to mind, and that would mean those calculations were well out.
Investors are advised to look further a field, perhaps just outside the city centre, like the new development of Pulse apartments near Old Trafford. These are taking advantage of the excellent transport links especially using the Metrolink tram system, that currently serve the sporting venues in the area.
Those looking to invest in property are advised to always do their own research into market trends in the area, and the viability of buying property there.
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