0333 358 0668
placelogofinalwebsite
@ThePlace | Manchester Estate Agents

Manchester Property Management: Best Areas to Let

placelogofinalwebsite
@ThePlace | Manchester Estate Agents

Manchester Property Management: Best Areas to Let

Introduction:

As a landlord in Manchester, choosing the right neighbourhood is crucial for maximising your rental returns and overall success. With its vibrant culture and diverse communities, Manchester offers a range of neighbourhoods that attract tenants seeking quality homes.

In this guide, brought to you by At The Place, a dedicated Manchester property management agency, we will explore some of the city's best areas to rent a property. From rental demand and rent increases to crime rates and school ratings, we'll provide you with actual statistics and valuable insights to make informed decisions and optimise your rental returns.

manchester property management
  1. City Centre: The city centre of Manchester, with its lively atmosphere and excellent amenities, is an attractive location for tenants. According to recent data from Zoopla, rental demand in the city centre has remained consistently high, with an average annual rent increase of 22% over the past year. However, it's important to consider the higher property prices in this area, which may result in slightly lower yields compared to other neighbourhoods. At The Place, our dedicated Manchester property management team is committed to negotiating the best yield for your city centre property.
When it comes to crime rates, official police data shows that the city centre experiences a higher level of certain types of crime compared to other areas. However, with appropriate security measures and the support of our property management services, landlords can mitigate risks and safeguard their investments.

Regarding school ratings, it's essential to consider the proximity to quality educational institutions. The Office for Standards in Education, Children's Services and Skills (OFSTED) ratings can provide valuable insights into the performance of schools in the city centre.

tameside lettings agency
  1. Didsbury: Didsbury, a leafy suburb located south of the city centre, attracts a mix of families, professionals, and students. Rental demand in Didsbury has remained consistently high, with an average annual rent increase of 31.2% over the past five years, according to data from Zoopla. The area offers competitive rental yields, making it an attractive option for landlords looking to maximize their returns.
In terms of crime rates, Didsbury boasts lower levels compared to the city centre, providing tenants with a safer living environment.
Above all, there are several highly-rated schools in and around Didsbury, including outstanding-rated institutions, ensuring families have access to quality education.
  1. MediaCityUK: MediaCityUK, situated in Salford Quays, is a thriving hub for media, technology, and creative industries. With its modern apartments, waterfront views, and proximity to entertainment venues, MediaCityUK attracts young professionals and those working in the creative sector. According to recent statistics, rental demand in MediaCityUK has seen significant growth, with an average annual rent increase of £140 over the past year.

Furthermore, MediaCityUK benefits from relatively lower crime rates compared to other areas, providing tenants with peace of mind.

However, while MediaCityUK itself does not have schools within its immediate vicinity, there are excellent educational options nearby, ensuring families have access to quality education for their children.

tameside lettings

At The Place: Maximising Rental Returns with Manchester Property Management:

At The Place, our dedicated Manchester property management team is committed to maximising your rental returns. We offer a full-service approach, handling everything from property marketing and tenant screenings to rent collection, property maintenance, and legal compliance. Specifically, our goal is to ensure the best yield for your property and provide a seamless experience for both landlords and tenants.

Consequently, choosing the right neighbourhood in Manchester is crucial for landlords looking to maximise their rental returns. By considering rental demand, local market trends, crime rates, and school ratings, you can make informed decisions that align with your investment strategy. At The Place, a trusted Manchester property management agency, we are dedicated to helping landlords navigate the rental market, negotiate the best yields, and provide comprehensive lettings management services.

Lastly, whether you're considering the bustling city centre, the leafy suburb of Didsbury, or the thriving hub of MediaCityUK, our team is here to support you every step of the way. Contact At The Place today and let us assist you in finding the ideal rental property and maximising your returns in the vibrant city of Manchester.

estate agents near me

ESTATE AGENTS NEAR ME

FAQ'S

How much are estate agent fees?

How much are estate agents near me fees?

Typically, estate agents fees can reach heights of 3.6% of the sale price and can fluctuate based on the number of agents attempting to sell your property and the quality of your initial negotiations. In the year 2022, the average fee for an estate agent stood at 1.42%. Therefore, if your property was sold for a price of £275,000, the agent's share would be £3,900. It is worth noting that @ThePlace fees are considerably cheaper than these.

Should you use more than one estate agent?

Should you use more than one estate agent?

It's typically practical to engage two estate agents near me under a joint sole agency agreement for selling a single property only if you intend to hire a nationally operating specialist agent alongside a local generalist. For instance, you might prefer a national agent specialising in high-end properties, in addition to a local agent familiar with your area. Joint agency agreements often carry higher charges, usually around 2.4% including VAT. Engaging two local agents under a joint sole agreement usually doesn't make much sense, as their market coverage will overlap, and they won't be motivated to outdo each other to close the deal. Employing two estate agents also carries the risk of one agent attempting to benefit from the efforts of the other without contributing equally.

Do I have to pay estate agent fees if I decide not to sell?

Do I have to pay estate agents near me fees if I decide not to sell?

If you decide to pull out of a sale, it's customary to face charges to cover the expenses an agent has already incurred, like advertising. Also, it's standard to pay part or all of the estate agent's commission, but only if your signed contract includes a "ready, willing and able purchaser" clause. Essentially, this clause signifies that you're obligated to pay the agent for their work in identifying a potential buyer, even if unforeseen circumstances cause you to back out of the sale.

What is the best way to sell a house UK?

What is the best way to sell a house UK?

To maximise the sale price of your property, it's recommended to collaborate with a reputable local estate agents near me. Local estate agents are well-versed in the specific characteristics and trends of your area's property market. They have in-depth knowledge about the neighbourhood, understanding what attracts buyers and can accordingly highlight these features in their marketing efforts.

A good local estate agents also has a strong network of potential buyers, which can expedite the sale process. They can provide professional advice on the right pricing strategy based on comparable sales in your area and current market conditions. Additionally, their negotiation skills and expertise can help secure the highest possible price for your property.

Are estate agents regulated?

Are estate agents regulated?

The primary regulation of estate agents is dictated by the Estate Agents Act 1979 (EAA) and the Consumer Protection from Unfair Trading Regulations 2008. Beyond this statutory regulation, since October 1, 2008, all UK-based estate agents involved in residential estate agency work must be part of an approved redress scheme. They can choose either The Property Ombudsman or the Property Redress Scheme, a requirement put forth by the Consumers, Estate Agents and Redress Act 2007.

Will estate agents lie about offers?

Will estate agents lie about offers?

As part of the regulations associated with an ombudsman, estate agents are strictly prohibited from fabricating or concocting details about any existing or non-existing offer. Additionally, it is mandatory for estate agents to promptly communicate offers to the property sellers, and this must be done in writing.

Arrange an Appointment With Us to Value Your Property