Liverpool is said to be emerging as a property hotspot within the Northern Powerhouse; particularly in the City Centre which attracts graduates and young professionals due to the low cost of living and the influx of jobs being created in the area. With Liverpool boasting significant and varied employment prospects for residents, along with an incredibly exhilarating, challenging and inspiring future; the city continues to undertake continued investment in its people, universities and commercial infrastructure. So why should you invest in Liverpool buy to let properties? With the moving of these young people, comes an increased demand for rental property and therefore buy to let investors can benefit by seeking property in the city.
High Rental Returns in Liverpool
With high rental returns being seen in properties across Liverpool, it is no wonder why investors are attracted to the city. Earlier in the year, Liverpool was ranked second on a list of the top five places in the UK for rental returns which is exciting news for investors, particularly as house price growth is forecast to jump by 22.8% by 2021.
With this forecast rise in prices, buy to let investors are of course attracted to the area. Additionally, with the influx of regeneration and investment across the city as a whole; more young professionals want to live here and more businesses want to base their operations here. The prospect of these high returns make investing in Liverpool a profitable opportunity for any buy to let investor.
Liverpool also has a large population of students, most of whom cannot be housed in university owned accommodation and are looking at privately owned accommodation. With four universities in the city and educational establishments such as the Royal College of Physicians and Liverpool International College, Liverpool’s research and educational hub is attracting more students to the area each year.
The Liverpool Knowledge Quarter is fast becoming the hub in Liverpool for research and education, and its close proximity to the universities and the city centre make it a highly desirable place for students to be based. Our brand new development One Islington Plaza is in the heart of this amazing quarter, providing students with top quality accommodation with amazing facilities they won’t find anywhere else. Student’s are becoming more demanding over what their student accommodation can provide and they are looking to live in the feature rich developments. One Islington Plaza provides this, with on site coffee from Crosby Coffee, games room and cinema room to name a few.
If students are attracted here and businesses choose to base themselves here, this is all good news for buy to let investors; as students may choose to stay on in Liverpool after their studies have completed and work for the firms based in Liverpool. These now young professionals may be seeking rental properties, so buy to let investors can secure profitable properties now ahead of the curve.
The Liverpool Waterfront
When talking about Liverpool’s regeneration and buy to let potential, we must talk about the docks. Having been an integral part of Liverpool’s economy throughout history, this area is undergoing a significant amount of regeneration (look at our previous article to see the first images). With the £5 billion Liverpool Waters project underway, Central Docks will become a world-class business, residential and leisure district. It will include 1,000 flats, 750,000 square metres of mixed-use space and a 7-hectare public park. This area is bound to become a highly sought after area, particularly if businesses base themselves here professionals will need somewhere to rent! Further to the regeneration in the central docks area, the new “Ten Streets” area is set to become a new “Creative Quarter” where creative and digital start-ups can rent a large amount of space for relatively low rent. A Creative Quarter in Liverpool would surely attract young professionals looking to live and work here, and this provides a perfect opportunity for buy to let property investors to capitalise on this.
We have a stunning buy to let property located a two minute walk from this regeneration area, Colonial Chambers. Colonial Chambers will provide investors with luxury apartments in close proximity to the regeneration areas and the city’s lively business district. It is properties such as this which investors should consider when buying in Liverpool, as both the location and potential for capital appreciation are both excellent.
Should I invest in Liverpool?
Our answer is yes, Liverpool has long been a firm favourite and hub for buy to let property investments; being one of the highest rental return areas in the British Isles and a key city in the Northern Powerhouse, this growth shows no sign of slowing down. We have an office based in the heart of the city and our property consultants have expert knowledge on the area and all the regeneration taking place, if you get in touch they would be happy to talk you through everything Liverpool has to offer you as an investor.
With regeneration projects happening all the time here, we think investors would be wise to get ahead of the curve with either a buy to let or student property investment. With potential for rental returns and capital appreciation high, we have plenty of properties available to suit your needs.