Top 10 Buy To Let Properties | Greater Manchester May 2023 

Great video! How about a video like "You've got a £50k cash. How to start a property portfolio!" Then look at houses and guesstimate some of the prices to go from cash to land lord. Like £25k deposit, £15k to renovate..... and so on! Would be very interesting!

Matt - avoid the leasehold houses, especially if the term is 99 years or less. The freehold houses are fine, roughly the right prices for the area. It used to be the case that the average occupation of a house was 7 years. Now it is much longer. Finish up with a leasehold with 70 years remaining, it will affect both resale and selling price. The UK has the oldest housing stock in Europe and maintenance is an issue even for the best of those dating from 1920 or earlier - pointing etc has to be done, reroofing, all at some stage. A bit like owning a Range Rover!

With the new legislation to lower tax allowances and new tenants right, Agents fees going up, interest rate set to climb even higher and selective licence's and CGT when you sell, I'm sorry but its over for you young guys. One bad tenant and it will take you 3 years to recover with them profit margins.

Could you do a run through guide of putting down a deposit and renting a second house out?

Good video. Skated over a few things though like some of those properties were leasehold which is significant when you are talking about dropping the kerb and adding a canopy. EPCs you didn’t mention when most investors are looking for when buying. That last one was a G. A real money pit you would be doing well on the 15-20k budget. Entertaining video though which I guess was the aim. Hope to see more 👍

As a French guy and home owner in Germany, it's interesting to see how different homes can be in different countries. As a wish for an upcoming video: cheap houses in the English countryside. If I had the cash to spare (....like, a lot), I would fancy very much a country estate in the Cotswolds (although to be fair I have never been there, but it just looks so special...).

Watch all your channels. Well done to all the effort you put in to make it so professional Would be good to see you do a video on all your video editing process, tools, software, editing and kit you use and how long it takes you to edit and get live. Cheers, keep up the good work

Hi Matt, can you do a guide on helping youngsters getting onto the property ladder for the first time? And tips on how to save and things like that

Very impressed with those prices. If I was younger, I would definitely look to move to Manchester. I would like a similar video for the High Peaks area - and also one showing the luxury properties (I often admire houses that you drive past).

Hi Matt, anothere excellent and professional video! I would advise stay away from rentals, and only renovation projects, too much hassle to deal with tenants etc. but yes your in the right price bracket for this. And yes I have rentals that I’m slowly selling off. Nothing wrong with Terrance houses, I would look for the larger 2 bed terrace, that you could re arrange the the upstairs with stud walls and moving the bathroom if you have to, creating a 3rd bedroom. Again, I would advise staying away from gardens for rental properties, the tenants wont look after them. Airbnb is the way to go in these areas now. If you would like more pointers , get in touch, John

I love your delivery. and the points you make...

Thank you for that video, great to see your take on what you would need to do. Am in Norwich and considering buying my first buy to let but I might have to go a little distance as the prices are a little high for me here.

I'd be curious to get your take on Hull. £80k still buys a lot there

It seems there are quite a few little gems in that area Matt (not that I’m familiar with it) so I guess if you do your research and have a good team behind you it could work well. Very interesting video. Thought provoking! 👏🏻👍🏻

Great video Matt, you should maybe take a look at the Highlands. You can get so much more for your money up here. Or perhaps somewhere genteel and "posh" like Southport or Lytham. Not Blackpool though, cos that's a dump 😂

The big issue with older properties and the rental market is the new energy rules for landlords, most will need £thousands spending on insulation etc to meet the new rules. I know a couple of investors who have been selling off terraced properties, plenty of ex Hong Kong buyers in my neighbour hood snapping up houses because Trafford has grammar schools!

Useful video, I really liked it! It was interesting to listen to your insights and see some of the real estate offers in the UK. I like your car vids but also like these ones too, because of the topics and because of your attitude and personality. All the best from Budapest, Hungary. 🙂

Enjoyed this video Matt. More like this please🙏

Love your work, Matt 👍

Would be interested in your take on Preston.

Some potential in some of those , I think doing different areas around the UK be good and help people and give an idea on price in different areas

Thank you for your sharing

Nice job as always, glad you brought new computer

Questions... 1. Was a House Horizontal check done ✅? 2. Are these properties "fully loaded"?

Christ! You can't get anything down here for less than £1000 a month! South west.

Would be great to see a southern comparison, maybe Oxfordshire

Ive not invested in property for about 7 years , the prices are rediculas. I mainly invested in terrace house, as they are keep to do up and rent really well

Hi mat super video very much up my street. I am thinking of doing Grimsby and Hull area. What do you think a lot cheaper obviously slightly less rent, but still good return let me know what you think Gary

Matt, you clearly love grey paint. It seems to be your default choice!!

Hey Matt, cracking video as per usual. Go to 10:39 and have a look at the bottom cupboards, it looks thick with mould all over them and the floor. It could just be camera artefacts but I'm leaning towards mould.

Hello Matt, well done on 30,000 subscribers. Exited to see this video. Enjoy the rest of your evening!

the stalybridge one had a log burner, that will save at least 80 pounds a month in heating bills.

number 10 you cannot just build an extension Toilet/bathroom,you need the sewer connection ..cost a fortune

I agree with what you said about Terraced Houses. My house is a mid terrace built around 1900. The bathroom was in an extension off the kitchen and is now in what was a bedroom. But it was a repossession, so I got a good deal.

The house on Markham Close in Hyde. My mate used to live with parents on Markham Street and the guy who owned the garage at the side of the property used to let me use his equipment to repair my car for getting an MOT including ox acetylene. That was 76 to 79. Small world isn't it?

LOL... 8:35 This "Swedish sauna" look.....they are not into sauna's 😃..It's "Finnish sauna" look 😉

Hi Matt, could you give your opinion on leaseholds? Just generally, always get coined as a scam but for a buy to rent surely this isn’t the case as your only purpose is to make a profit!

Matt, never buy a house near any trees. I learnt that lesson the hard way. Subsidence.

awesome video definitely a sequel

Would love to see london area zone 1-6, any run down house you get 10+ people viewing. Hard to find deals

Stay away from flat roof dormer style (from personal experience)

Would happily watch more videos like this, on different areas around the UK. Shropshire would be great for me.

Please do North Yorkshire - Cheers matt

My mum comes from Manchester and my uncle lives in leigh greater Manchester. The 2nd house over 350000 down south

Love your channels! Will you be doing any more videos on your new property purchases? I'm originally from London, but relocated to the U.S. 20 years ago.

I'm curious what you could find down here in the Bournemouth / Southampton area. Property down here is always fluctuating up and down majorly lol

Avoid the one on Old Road in Hyde, my friend rented it a number of years ago and it was absolutely riddled with dampness despite a damp course having been done.

Crikey, these house prices are so 'cheap' compared to where I live in Oxfordshire. Here a two bedroom flat would be upwards of £200,000, and a two bedroom house £350,000 plus.

What about the leasehold? Would you go for them?

Hi Matt can we please get an update on the 2 garages you bought really interested in them Thanks

Matt is brilliant again 👏 👌 👍.

Can you do Derby, Nottingham or Leicester Matt?

Hey, up Matt !!! Top quality upload as per normal mate 👍👍👍👍

Worcester next hopefully i would see my house on there

The EPC rules are going to hurt investors.. Your going to struggle to get an older house to an EPC rating of C. Adding solar bumps up the rating greatly but at some cost to the landlord. 🤦‍♂️

What a great idea for a video, enjoyed it.

Yes, I'de like to see more of these ...

It is so disgusting to see these washing machines in peoples kitchens. But one good advice is if people are going to invest for rent/investment is that you should be careful to buy too cheap/bad properties. If it is for flipping and you are capable of doing all the very expensive work yourself it might be a great deal but yet again, be careful with your wasted time. Remember your hourly including the money you could have earned elsewhere.

150k property to only make 250 a month ??

All good comments... Looking at the UK housing stock it's easy too see most of it is dated and no amount of renovation will change.. These Manchester housing stock looks particularly bad... At some point these houses are going to have to be demolished and new housing created.. To achieve this I believe the government will add a cough 'green tax' on older housing stock and additional 'green' stamp fees... The end goal would be to make older housing stock unattractive or too expensive to own... As a landlord or even private buyer it is one to watch out for...

Glory, glory Man United!

Someone mentioned Hong Kong folk in the comments, it is very true, a great many properties in Tameside are being bought up by those coming to the UK under the new visa system. There has been loads of Chinese investment in the area for some years but this is now people coming to live here after the political crackdown in HK. The influx of extra money is pushing prices up further sadly, however they are nice people and need to live somewhere, I'd rather live next to them than a bunch of toerags from Gorton. 🤣😁

How will section 24 affect your cash flow?

To someone living in the U.S. these places look small. Could you mention the size, square feet or however it's measured? It would be interesting to compare to homes here.

I'm based down south, where property prices are 3-4x, like-for-like. What's your take on crossing the country to make an investment?

Another great video Matt. I’d like to see a video showing how you got into the game - was it just excess cash used to fund the 1st property and then a mix of buying cash and BRRR? So many property bullshitters on the internet who will have you believing you can start with £1 and a bag of crisps and end up with a £1m portfolio in 4 days, so I’m all about being realistic - maybe a question to answer is if you had £20k, £30k etc as a starting point what would be your first move. Anyone recommend any good property channels? And not Samuel scammer Leeds please 😂

Who doesn’t love oggling at houses. Either to dream about living in a nicer place, or to feel better about not living in a hovel.

Wow wow Matt I live in a terrace it's ace nothing wrong with them.

Matt or Anyone where i live near worsley ,There are 4 people sleeping in vans in the carpark in my park ,no body bothers them .the 3 vans are tidy 2 x vw and a mercedes sprinter ,2 nurses live in one van and 2 guys live in the other 2 vans ,no rent just mot tax and insurance and fuel . I speak to them most days when im out with my dog .

The last one is very yucky

Some great examples of time warp properties here but I know so many people who reject decent houses based on the current decor or furniture. You’re not going to be keeping that….!!

You are very lucky living up North. You would be paying three times that in the home counties

You can get a nice kitchen second hand off some I have too much money dick, we bought one for our small holiday bungalow.

I agree with you , I don't like them dark wood windows , very different from London prices !

I don’t like flat

We wants more videos

Property is so cheap up your end! Down here in Devon your lucky to own one property! Great video !

on the south cost, these would be twice the price :/

I like seeing property prices there and match to here in New Hampshire, USA.

More vids like this please Matt, maybe look at some other areas like Leeds or Nottingham?

Do more

Colchester

As one of your previous comments some of the properties were leasehold you did not address this

Good video, but you don't seem to be discussing the lease lengths of these leaseholds. If it's anything less than a few centuries, the market value of these properties will decrease considerably over the next decades. And also the yields you're implying seem insanely low - would these even cashflow profits net of 5pc mortgages and expenses? You keep saying £200-300pcm. Isn't this basically a 3% yield? You're looking at a yield below what a money market fund would generate right? Unless you mean £300 net profit monthly?

I'd like to get your view on the Harrogate area, where the asking prices are higher but the profits can be greater.

Another informative vid Matt..plenty more properties in Cheshire to look at 👍🏻

Hi Matt fantastic video. It would be great to do a video in Leeds next.

I have to disagree with how much you advocate spending money on aesthetics. Who cares if the ceiling is artexed or the boiler isn’t enclosed? All wasted money in my opinion. Things like that won’t increase how much rental income you will achieve.

A look around. Bonny Scotland's. Houses would be good

leashold house

Very interesting video, a lot of information packed into it.

Houses are cheap up there !

Hi Matt nice information on house market in Manchester area

Southampton. Come down south for the next look

8:10 really? you'd put in a new kitchen there?

Hi Matt, a very insightful video. Would you be doing this more often?

Thanks, good set of properties on review.

Some of those say leasehold

How does your mechanic feel about doing an engine and gearbox service on a 3 bed semi ?

Wouldn’t buy a leasehold house.