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Explaining the popularity behind one bedroom apartments in Manchester

July 26, 2023

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Article Summary

Manchester
  • Young professionals, postgraduates, and even couples seek the convenience of a central location, proximity to workplaces and educational institutions, and access to a vibrant social scene.

  • Compared to larger properties, one-bedroom apartments present a more manageable entry point into the property market, making them appealing to first-time buyers and investors.

  • One Victoria consists of one bedroom apartments are located less than two minutes from the iconic Manchester Victoria station and just a 5 minute walk to Selfridges & Arndale shopping centre.

One bedroom apartments in Manchester have emerged as the darlings of the property market in Manchester, captivating both property investors and tenants alike. In tandem with the sharp increase in population and therefore tenant demand, one bedroom apartments in Manchester have become some of the most desired properties in the city.

These compact and contemporary living spaces have garnered immense popularity due to a combination of factors that make them an attractive choice for those seeking city-centre living in one of the UK’s most vibrant cities. In this article, we delve into the reasons why one-bedroom apartments have become such a sought-after investment and residential option in Manchester.

 

The Urban Lifestyle Appeal

Manchester, a city renowned for its cultural diversity, economic growth, and bustling entertainment scene, attracts young professionals, students, and urban dwellers looking to experience a dynamic city lifestyle. One-bedroom apartments, often located in the heart of the city, offer a unique opportunity to be at the centre of all the action.

With trendy cafes, restaurants, bars, and entertainment venues just a stone’s throw away, these apartments cater to the needs of those who crave the excitement and convenience of city living.

 

Affordability and Investment Potential

The affordability of one-bedroom apartments is a significant factor driving their popularity among both investors and tenants. Compared to larger properties, one-bedroom apartments present a more manageable entry point into the property market, making them particularly appealing to first-time buyers and investors with limited budgets. For property investors, these apartments offer an attractive investment proposition with the potential for strong rental yields, given the high demand for rental properties in Manchester’s thriving rental market.

High Demand and Strong Rental Yields

The increasing demand for city-centre living has led to a surge in rental demand for one-bedroom apartments. Young professionals, postgraduates, and even couples seek the convenience of a central location, proximity to workplaces and educational institutions, and access to a vibrant social scene.

This demand has translated into robust rental yields, making one-bedroom apartments an attractive choice for investors seeking steady rental income and potential capital appreciation in a Manchester property investment.

 

Favourable Location

One bedroom apartments are a hot property particularly in the city centre, boasting nearby transport links, several nearby amenities and modern designs. These units are highly desired by the working professionals based in the bustling northern city, as connectivity is a key feature desired by many of these potential tenants.

North Property Group have recently launched a project that meets all of the aforementioned points, One Victoria. These one bedroom apartments are located less than two minutes from the iconic Manchester Victoria station, just a 5 minute walk to Selfridges & Arndale shopping centre and the project features a communal roof garden.

Due to Victoria Station being so nearby, residents at One Victoria enjoy connections both across Greater Manchester and the UK. Presenting attractive rental yields and a share of freehold, this is not a property that investors should look beyond.

Upcoming One Victoria regeneration

Low Maintenance and Hassle-Free Management

For property investors, one-bedroom apartments offer the advantage of low maintenance and hassle-free management. With fewer rooms and a smaller overall footprint, these apartments require less upkeep and maintenance compared to larger properties. Additionally, managing a one-bedroom apartment can be less time-consuming, allowing investors to focus on other aspects of their investment portfolio.

 

Conclusion

In conclusion, one-bedroom apartments have established themselves as a highly desirable choice for both property investors and tenants in Manchester. Their urban lifestyle appeal, affordability, strong rental demand, and changing household demographics have contributed to their surging popularity. As the city continues to thrive as a hub of culture, commerce, and education, the allure of one-bedroom apartments is likely to endure, making them a solid UK property investment option for those looking to capitalise on Manchester’s vibrant property market.

To find out about more of Manchester’s new-build and regeneration projects, click here.

To learn about the property investment opportunities above, or to find out more about how property investment works, get in touch with the experts at North Property Group today.

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Explore our property in Manchester

One Victoria

From £282,000

   Yield: 6%
   In Construction
   Est. Q1 2025
   Lease Length: Shared Freehold

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