Both student property and off-plan property investment make excellent options if you’re looking to get started with buy to let. Look towards Liverpool, a city that’s been hailed one of the best UK locations for property investment, and this potential grows even further. To help you find out how to invest in property and generate the best returns, take a look at this guide to off-plan student property investment in Liverpool.
Student property is widely known as one of the best buy to let investments you can make. Investing in student housing is often more affordable than buying residential property, which makes it the perfect option for first-time investors.
While these student properties can be affordable, however, this doesn’t mean they can’t generate some attractive returns. Since the student population in the UK is so high in a number of cities, a shortfall of accommodation has allowed rental costs to rise, resulting in some high rental yields for investors. So how do you ensure you’re getting the most out of your student property investment?
Like all property investments, location is key. Certain areas of the UK perform better than others, and Liverpool and Manchester have been leading the way over recent years, with predictions to excel even further in the future.
Buying Liverpool student rental property is one of the best moves an investor can make if they want to generate the highest yields and the most potential growth, especially if you make your student property investment in Liverpool an off-plan property. To help you invest in student property in Liverpool in the best way, take a look at our top tips for Liverpool off-plan student investments.
Looking at the prospects for capital growth is also important when selecting your student accommodation investment opportunity. Liverpool has one of the best rates of house price growth in the country, and the chances of capital growth are increased when investing in a thriving regeneration zone. Our City Point property, since located within the Project Jennifer area, is expected to grow in value due to the ongoing regeneration in this neighbourhood.
Consider your target tenant
Your target tenant is undeniably going to be a student if you’re seeking a student property investment for sale in Liverpool. Since students can vary in the things they’re interested in, however, it’s important to still keep your target tenant in mind when selecting your investment.
Liverpool has a student population of over 70,000, and a growing number of these are international students. If you’re investing in more luxury accommodation, you may find that you attract a lot of demand from more wealthy overseas students, who are more willing to pay extra for high-quality apartments.
Once you’ve found the perfect investment property for sale in Liverpool and made your first student off-plan investment, you should think about expanding your property portfolio. Having a portfolio filled with a variety of investments can help you minimise risk, especially if one property isn’t performing as well as another.
Consider spreading your investments out by investing in an off-plan student property in a different area of Liverpool. Different postcodes will offer varying potential, so it could be a good idea to look at diversifying your portfolio further down the line. To make your property portfolio truly diverse, think about purchasing a residential property to add to your investments. Residential off-plan properties in Liverpool and Manchester can offer you excellent returns and prospects, most of which will appeal to a different target market of young professionals.
Are you interested in making your perfect Liverpool student property investment? Give us a call or get in touch today. Our property experts are more than happy to talk you through buying Liverpool student rental property and advise you on the best options for you.