8 Water Street Construction Updates
8 Water Street Development Progress
Welcome to 8 Water Street. A luxury residence in the heart of Liverpool city centre, this premium investment opportunity offers studios, as well as one and two-bedroom apartments with a 7% NET rental return assured by the highly experienced developer. Prices start from £125,000 in a rare and significantly below market value chance to invest in buy to let property. A spectacular roof garden boasts panoramic views of Liverpool’s stunning city landscape while the apartments also have prime access to Liverpool’s vast regeneration projects, transport links and cultural hotspots. This development is almost complete, with only the fifth floor under construction. Keep up to date with the latest 8 Water Street Construction Update above.
Liverpool’s Commercial District
Water Street is situated on the cusp of both the commercial district and the waterfront, making it the perfect location for young professionals and graduates looking to access excellent job prospects. This includes opportunities in the law profession, as Water Street is just a stone’s throw away from some of the country’s top solicitors, barristers and of course the courts.
There is also plenty of exciting things going on around Water Street, allowing renters access to various restaurants, bars and museums on the Albert Dock. The Water Street area also connects directly with Old Hall Street, where some of the top businesses in Liverpool are located, including The Passport Office and The Post and Echo building. Water Street is also near Liverpool One and Castle Street, where you can find an eclectic mix of food, drink and activities.
Liverpool City Centre – The Place To Be
Liverpool city centre is a buy to let investor’s dream. The historic area has benefited immensely from a spike in its population as the city’s economy soars and vast regeneration projects begin to take effect. Liverpool has also been named as the UK’s buy to let capital, due to its affordable house prices, ongoing regeneration and high rental yields in the city centre and the surrounding areas.
From 2002 to 2015, Liverpool city centre enjoyed a massive 181% surge in its population, the majority of whom are students and young professionals. These two demographics make up the biggest number of those deemed to be part of ‘Generation Rent’. These 20 to 29-year-olds are most likely to seek rental properties on a long-term basis, which is a stark contract from past years where renting was associated with short terms stays in previous generations. For investors, this means higher returns over a longer period of time, offering a more secure and stable rental income.
The city centre and surrounding areas will undergo major regeneration and restorative works over the next few years. The £5.6 billion Liverpool Waters scheme will revamp and transform the city’s waterfront with one of the UK’s most ambitious regeneration projects. Project Jennifer will convert the previously neglected area of Anfield into a brand-new haven for retail, commerce and residential properties. The work being undertaken on the city’s ports will welcome even more visitors to an already popular buy to let destination.