4.6% more for a home that is within 500 meters of a tram stop! – Katar Investments

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4.6% more for a home that is within 500 meters of a tram stop!

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New data from Nationwide has revealed that buyers in Manchester are prepared to pay 4.6% more on average for a home that is within 500 meters of a tram stop. This equates to a tram stop adding £8,300 to the value of a typical home.

Smart investments
The finding is great news for buy-to-let property investors savvy enough to do their homework on the location of the property that they are buying. Salford Quays area of Greater Manchester, is a perfect example. The property is just 150 metres from the nearest tram stop, meaning that central Manchester is accessible in just 15 minutes. Such a quick connection adds instant appeal to a rental property, attracting commuters who want to live outside of the city centre but who need easy access to it for work.

Interested in Manchester buy to let email us at info@katarinvestments.co.uk