L1 Boutique Development Progress
L1 Boutique is nestled within Liverpool’s historical Ropewalks, an area that has experienced over £200 million of investment over the last decade with further developments in the pipeline. Boutique shops and upmarket bars line the streets in which it is situated creating a perfect environment for young professionals seeking urban living in a bustling city centre. Set in a transformed 18th-century Grade II listed building, L1 Boutique offers one, two and three bedroom apartments designed with luxurious living in mind. Offering below market value, prices start from £134,995 assuring a NET rental return of 7%, ideal for investors who wish to invest in a little bit of Liverpool’s history. Our estimated completion date is December 2018, so in the meantime, view the progression of this beautifully refurbished building and follow our latest L1 Boutique Construction Update below.
Liverpool City Centre – A Buy To Let Investor’s Paradise
As a key part of the Northern Powerhouse, Liverpool has surged in economic growth and population; making headway to returning to its place as a global economic contender.
One of Liverpool’s greatest attributes is its rapid population growth. 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 and for much longer terms than in the past and than current generations. For investors, this means higher returns over a longer period of time.
Liverpool city centre and its surrounding areas are to benefit immensely from myriad extensive regeneration projects. 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. The work being undertaken on the city’s ports will welcome even more visitors to an already popular buy to let hotspot.