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Types of Properties Available
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- Manchester
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- Manchester
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Why Serviced Apartments Are the Perfect Choice for Property Investment in Manchester?
Serviced apartments are a great option if you’re searching for an investment in Manchester. Buy-to-let investors find them to be a viable choice because they provide a unique combination of size, comfort, and flexibility that appeals to a diverse range of tenants.
These properties generally appeal to those looking to stay for business purposes or just for pleasure. The extra room and flexibility are the real game-changers here.
Additionally, many of these serviced apartments are right in the heart of Manchester. Some of Manchester’s main attractions, such as Oxford Road and Piccadilly Station, are just nearby popular neighbourhoods. Not only do these locations increase the appeal to potential tenants, but they also ensure steady occupancy levels.
By making an investment in serviced apartments, you may take advantage of the growing market for short- to medium-term rentals and increase your return on investment.
Serviced flats are a smart addition to any buy-to-let real estate portfolio in Manchester, as they are comfortable, convenient and offer good rental income.
Outstanding Features That Make Serviced Apartments Stand Out
You might be wondering why serviced apartments are so different. We get asked this question a lot. What is it about them that attracts investors so much that they should be considered?
The simple answer to that question is that the reason these rental properties are so well-liked is that their entire living space is completely furnished and equipped with everything a tenant could possibly require. Think of it as a home with all the conveniences of a hotel stay—for renters.
We have noticed that young professionals, in particular, love serviced apartments because they give them the space to work and unwind.
They have their own kitchen, so they are not forced to eat out every night, and often, there is even a workspace that feels much more comfortable than squeezing in laptop time at a desk in a small hotel room. It is a real boost for productivity and relaxation.
Therefore, for property investors, this is something to think about—people love staying in serviced apartments. With Manchester’s constant flow of professionals, investing in one of these properties can mean steady rental income, especially since the demand for this type of accommodation is only growing.
Luxury Amenities Designed for Comfort and Convenience
Having access to luxurious facilities is one of the main advantages of a serviced apartment. The spaces come with everything needed to ensure that renters have a hassle-free and easy stay.
Many also provide daily housekeeping, so they never have to do any work when they return to a clean environment. Some even have safe parking, free Wi-Fi, and gyms on the property.
Locations such as Hyatt House and the vicinity of Piccadilly typically offer these facilities. Based on our observations, these attributes attract guests to come back, and is one more reason to think about investing in this type of real estate.
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Flexible Living Spaces That Suit Your Needs
The flexibility that serviced apartments provide is one of the main advantages of investing in them, as it makes them a desirable choice for many tenant types. Serviced flats, as compared with standard rentals, offer a setting that feels like home, enabling tenants to fully settle in.
Renters can relax in a roomy living area, prepare their own meals, and select layouts that work for them. For individuals who are staying longer in Manchester—for extended vacations or business trips—this flexibility is especially enticing. They are creating an environment that feels like home rather than merely living out of a suitcase.
From the standpoint of an investor, such adaptability offers more market opportunities. Tenants of all kinds may be drawn to your property and may choose to remain for a week, a weekend, or longer. This also increases rental yields and minimises vacancy rates while also improving tenant satisfaction.
Affordable Luxury: Save More with Serviced Apartments
Serviced apartments are a great choice for you, as an investor, especially when renters visit for longer than three nights. These lodgings are a desirable alternative for a variety of renters because they are frequently far less expensive than upscale hotels.
The savings can add up when visitors stay for longer periods of time. They can do their own laundry, cook their own meals instead of always eating out, and enjoy the lack of extra expenses that come with accommodations.
For property investors, this is an important part. Because it makes these apartments even more attractive to potential renters.
Popular Neighborhoods for Serviced Apartments in Manchester
In Manchester, there are many active areas. Each of these presents unique opportunities for real estate investors. This is particularly valid for serviced apartments.
Here are some of the most well-liked neighbourhoods you might want to look into:
Northern Quarter
This area has an incredible energy that appeals to all types of individuals. You are going to love this location whether you are a seasoned investor or a young professional.
It is the centre of independent stores, quirky pubs, and some of Manchester’s greatest coffee shops. For investment, it is a great choice for attracting short-term tenants who want to stay somewhere that reflects the city’s character and artistic spirit.
The Northern Quarter’s immediate access to the city core and important transportation hubs, such as Piccadilly Station, adds to its allure. For those travelling for business or pleasure, this makes it a convenient choice.
Our experience shows that tenants are willing to pay extra for that real Manchester vibe, and also these homes tend to fill up quickly. The high demand for short-term stays makes this neighborhood a strong contender if you are looking for consistent returns and quick occupancy.
Deansgate
If you’re searching for something a little fancier and more refined. This is where you need to focus on Deansgate. The area is quite popular among professionals and business people due to its high-end shops and luxurious properties.
Along with making investments with Deansgate, you are serving those who value ease, comfort, and a hint of elegance.
Purchasing property in Deansgate is advantageous since the area is home to some of Manchester’s most recognisable skyscrapers and structures. This typically translates for investors into increased long-term value growth and rental yields.
Tenants who want to live in the luxurious area of Deansgate while still being close to the business districts are often ready to pay premium rent.
The central location also makes it a go-to for corporate stays, so if you are targeting business professionals, this is the neighborhood you should be eyeing.
Ancoats
Ancoats has become one of Manchester’s most exciting areas, especially over the past few years. What used to be an industrial area has transformed into a trendy, desirable neighborhood.
These are filled with renovated warehouses, stylish apartments, and a fantastic food scene. This makes Ancoats a magnet for young professionals who want a mix of modern living with a community feel.
Ancoats has a lot of promise when it comes to investing. Due to the neighbourhood’s shift, serviced apartments are in high demand, particularly from tenants who want to live close to the city but would rather live somewhere a little calmer than the Northern Quarter.
There is also solid capital appreciation potential here as more developments and amenities continue to pop up. We have seen rents steadily increase over the past few years, and with Ancoats’ growing popularity, this trend is likely to continue.
Angel Gardens
Angel Gardens is located in an up-and-coming district of Liverpool. It is in close proximity to two major regeneration projects: the £150 million Project Jennifer and the £5.1 billion Liverpool Waters scheme.
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Serviced Apartments vs. Traditional Hotels
Hotels might be good for short trips, but serviced apartments provide distinct advantages for those seeking longer-term accommodation or just more room and flexibility. Anyone staying at a hotel would have to stay in a single room, and living out of a suitcase may get pretty limiting after a few days.
But residents in serviced apartments have the same freedoms as those at home, including cooking, doing their own washing, and unwinding in a roomy living area. Additionally, they’ll have a level of privacy that some conventional hotels might not offer.
From what we have seen, business people and professionals love serviced apartments because they are not just a place to sleep, they are a comfortable living space.
Plus, for property investors, the demand for serviced apartments is growing, especially in Manchester where there is a constant flow of people coming in for work and events. The flexibility and homely experience make them a fantastic investment.
Activities and Attractions Near Serviced Apartments
Serviced apartments are great because they’re usually found in some of Manchester’s liveliest neighbourhoods.
These flats are typically only a short drive or stroll from the city’s main attractions, which is comforting if you are considering investing in real estate. This is a key selling feature for potential tenants.
For example, if you invest in locations such as Piccadilly or the Northern Quarter, you can offer your tenants convenient access to a variety of museums, theatres, restaurants and pubs right on your doorstep.
The nearby location of serviced apartments to Manchester’s nightlife and culture makes them an excellent option for both business and leisure guests.
We assure you that your property will look much better when tenants realise they can explore the city without having to make a long journey.
Culture and Arts
Manchester is a culturally and artistically vibrant city. People who live in serviced apartments can always find some cultural activity nearby, whether it’s the Manchester Museum or the Royal Exchange Theatre.
We have seen that tenants, whether they are in town for business or a short holiday, love being able to step out of their apartments and dive straight into the heart of Manchester’s rich cultural scene.
From a real estate investor’s point of view, access to these cultural centres is a major draw. Nearby attractions such as the Imperial War Museum North or the Whitworth Art Gallery are very popular.
Access to these cultural treasures greatly enhances residents’ experiences, regardless of how long they plan to remain in town. Furthermore, properties close to these kinds of landmarks typically appreciate in value over time.
Dining and Nightlife
Manchester has one of the top cuisine and nightlife scenes in the country. That’s not hyperbole, either. There is something for everyone here, from trendy street food vendors to upscale restaurants.
The serviced apartments near the Northern Quarter have many things including quirky bars, cafes, and indie restaurants. But even if you are based closer to Deansgate or Oxford Road, you will never run out of options for a great night out.
As property investors, having serviced apartments near these hotspots is pure gold. Guests love the idea of being able to step out of their apartment and have access to everything—whether it is a relaxed dinner or a night out on Canal Street.
The vibrant nightlife means your apartment will always be in demand, especially with younger professionals and business people who enjoy unwinding after a busy day.
Parks and Recreation
Manchester really has something for everyone, especially if you are a fan of green spaces. When you are staying in a serviced apartment, having a park or a nice open area nearby can be a real bonus.
Tenants often value having a space to relax after a long day in the city. Take Heaton Park, for instance—what an incredible location!
It’s actually one of the largest municipal parks in Europe and it is the perfect spot for hiking or just a quiet getaway away from the hustle and bustle of the city.
Moreover, Piccadilly Gardens, located in the centre of Manchester, is a wonderful place to unwind if you’re searching for something more central. We’ve discovered that folks staying in the city for work really like to get a coffee and take a break in the gardens.
It is amazing how a bit of greenery can make a big difference in how refreshed you feel during a trip.
As an investor, you will be happy to know that properties near these parks are like gold. We have seen that serviced apartments near recreational areas attract tenants very quickly.
Fitness enthusiasts always appreciate having a jogging route right outside their door. In our experience, these properties get booked up quickly—especially in the warmer months when Manchester’s parks host various outdoor events and festivals.
So, if you are thinking about where to invest, it is worth keeping an eye on locations that offer easy access to parks and green spaces. It really adds value, not just for tenants but for your investment too.
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The Future of Property: Investing in Serviced Apartments in Manchester
Key Financial Benefits of Investing in a Serviced Apartment
Investing in serviced apartments is one of the smartest moves that you as a property investor can make right now. Why? It is not just about owning property, but about the unique financial advantages that come with it.
No matter your level of real estate investing experience, serviced apartments present an alluring mix of tax benefits, diversity, and passive income. If your long-term goal is a consistent growth in rental revenue, a more thorough examination of this investment option is necessary.
Passive Income Potential: Consistent Rental Returns
When it comes to serviced apartments, passive income is probably the biggest win. Unlike standard rental properties, you are not tied down to long-term tenants.
Instead, you are tapping into a pool of short-term renters like businessmen, professionals or people in town for a few weeks.
What this means for you is consistent rental returns. Even better, serviced apartments often fetch higher nightly rates than traditional rentals, especially if you are located in prime areas like Manchester city centre or near business hubs like Salford Quays.
We have seen that the demand for flexible, hotel-style accommodation is growing rapidly, particularly in a city as vibrant as Manchester. So, you are not dealing with long vacancy periods.
Even when one guest checks out, you are likely to have another one lined up soon after. If reliable cash flow is what you are after, serviced apartments really tick that box.
Portfolio Diversification: Balancing Risk and Increasing Long-Term Wealth
One thing we always tell investors is to not put all your eggs in one basket. Diversification is key to building a strong and resilient portfolio. Serviced apartments offer a fantastic opportunity to spread your risk.
Instead of relying purely on traditional residential or commercial properties, you are dipping into the hospitality sector too, which behaves differently depending on market trends.
We have noticed that investors with serviced apartments in cities like Manchester are balancing their risk more effectively. They are tapping into different types of renters. And building long-term wealth through both rental income and property appreciation.
Tax Advantages of Investing in Serviced Apartments
Tax is a concern for almost all types of investors. The good news is that there are significant tax benefits associated with serviced flats. These homes can be considered Furnished Holiday Lettings (FHL) in the UK.
Why does it matter? Because FHLs have advantages over traditional buy-to-let homes. For example, you can reduce your taxable income by claiming capital allowances on things like appliances and furniture.
Additionally, you may be able to receive entrepreneurs relief, which would result in a lower capital gains tax bill when the time comes to sell compared to a standard rental property. These tax advantages can have a big impact on your revenue and help you get the most out of your investment.
Capital Appreciation: Growth Projections in the Manchester Property Market
We expect that the housing market in Manchester will continue to rise as it has been doing for years.
The increased development surrounding Salford Quays and Piccadilly Station has resulted in an increase in property values over the board. It is not just about short-term gains from rental income; it is about the bigger picture—capital appreciation.
From what we have seen, the demand for serviced apartments is only going to increase, as more and more people are looking for flexible accommodation options, whether they are businessmen or weekend visitors.
This puts serviced apartments in a prime position for significant growth over the coming years. We are already noticing a lot of investors shifting their focus towards this type of property, not just because of the rental income, but because the value of these properties is likely to keep climbing as the city expands and modernises.
Manchester is buzzing with new infrastructure projects—whether it is transport upgrades or new commercial developments, and all this adds to the desirability of property in the area.
By getting in now, you are not just collecting rental income, you are also setting yourself up for serious long-term gains. Imagine this: a few years down the line, the property you invested in now could be worth substantially more, and when you choose to sell, the capital appreciation could result in impressive profits.
That is the beauty of the Manchester market right now—it offers both short-term returns and long-term financial growth. If you ask us, that is the kind of win-win that makes serviced apartments such a smart investment right now.
Area Guide
Tom Collins
I’m your go-to broker, on a mission to make things simple and smooth when making your investment with me! My journey at Flambard Williams has been shaped by working in various financial fields and working closely with clients and their goals.
