Ropemaker Place Construction Updates
Ropemaker Place Development Progress
Completed in June (as detailed in the most recent construction update), Ropemaker Place is Liverpool’s residential hotspot, with apartments two minutes from Chinatown and four minutes from the booming bars in-and-around Concert Square. A super connected destination for living, these 78 units starting from £120,000 offer an extraordinary investment opportunity at the core of Liverpool’s city centre. Adjacent to the bohemian Bold Street, lines of trendy shops, individual restaurants and bars will entertain tenants when they’re not residing in the luxury interiors of one and two-bedroom units. In a city that has been compared by some to New York, there’s no residential development quite like Ropemaker Place.
Ropemaker Place also offers tenants an incredible skyline view of the Liverpool’s city and its many recognisable landmarks. Most notably, the building overlooks St. Luke’s Church, heading the top of Bold Street. From this vantage point, residents are perfectly embedded within metres of shops and restaurants, and centred between the education sector and the city centre. Also, on the doorstep is Liverpool Chinatown, the first to be established in Europe. For the full construction schedule, read the Ropemaker Place Construction Update today.
Liverpool – The Place to Be
As both the European Capital of Culture 2008 and a key city in the burgeoning North West as a property powerhouse, Liverpool has made itself a viable global economic contender in a relatively short space of time.
The historic city is a byword for creative culture and industrial power, and is a beacon of buy to let property across the UK. Rental yields in Liverpool are some of the highest in the country, while house prices remain some of the lowest. Of the top 25 postcodes in the country currently, six of them belong to Liverpool, and on average, according to Zoopla, the price paid is around £169,945. For comparison, London’s average house price sits at around £628,416.
Capital appreciation is incredibly high in Liverpool and the wider region, but even with that factor taken into consideration, house prices remain much lower than most other parts of the country. For investors, it’s a blessing. Those looking to make headway in Liverpool’s buy to let property market will find their money goes a lot further than in London, Manchester, Birmingham or even Leeds. Going off of the Zoopla house prices above, for the average price in London investors could get three properties in Liverpool, and still have additional capital left over. Evidently these figures are a generalisation, but they still speak volumes about an area that is thriving and will continue to thrive going into the future.