Why Invest in Old Trafford?

Youthful Population Raising the Demand

The city’s educational institutions are major attractions for students from both the UK and around the rest of the world. Including the University of Manchester, which is ranked 32nd. With over 100,000 students enrolled in these top-ranking institutions, the youthful student population significantly boosts rental demand.

In Manchester, 40% of the population is aged between 15 and 34, making the city’s youthful demographic perfect for buy-to-let investments. Additionally, the growing student population ensures a stable rental market. This high demand, combined with Manchester’s affordability and accessibility, makes it an attractive destination for property investors. Individuals looking for a stable rental income and capital appreciation should look to invest in Old Trafford.

Manchester’s appeal goes beyond students, many young professionals are drawn to Manchester by the available job opportunities and the city’s unique lifestyle. As the population continues to rise, so does the demand for housing. This provides investors with a profitable rental market predicted to experience significant growth.

Incredible Growth

Property Prices

The average house price in the whole of Trafford increased by 2.8% from April 2023 to April 2024, now standing at an average of £365,000. Prices in Old Trafford remain below the average, meaning they receive a high demand, but are experiencing the same price raises, allowing investors to experience huge capital growth. Private rents also rose by 8.2%, to an average of £1,177 in May 2024, creating a higher rental income for landlords. 

Employment rate

The 2023 employment rate was 75% in Trafford which is a 1.3% increase compared to 2022. Trafford’s employment rate was higher than across the North West as a whole in 2023. Furthermore, 65,000 new jobs are due to emerge in the coming years due to the regeneration projects, which will boost the employment rate in the area.

Population

The population in Trafford rose from 226,500 in 2011, to 235,600 in 2021. This is over a growth of 9,000 people. This will create a rise in demand, not just for property but also for amenities, schools, and more. This is likely to cause the government to plan for further regeneration. Which will highly benefits investors as property prices rise and demand increases.