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The Liverpool Baltic Triangle
Having evolved and transformed over recent years, the Baltic Triangle is one of Liverpool’s most fashionable and highly coveted districts. Filled with a variety of amazing cultural venues, restaurants and bars, and creative businesses, the Baltic Triangle is definitely an area to consider when it comes to Liverpool property investments.
If you’re interested in finding out more about the Baltic Triangle and its investment prospects, here are three reasons you should consider purchasing property in the Baltic Triangle district.
Baltic Triangle Property Investment
The Baltic Triangle Is a Top Regeneration Zone
Ever since January 2012, the Baltic Triangle has received extensive regeneration that has built it into the area it is today. Around £128 million has gone into the area’s regeneration, with a further boost of £62 million planned for the future.
Thanks to this regeneration, the Baltic Triangle has been transformed into the thriving area it is today. Around 500 new private-sector jobs have been created in the Baltic district, with a further 800 to follow, highlighting the strength of the area’s economy.
Within the next few years, the Baltic Triangle is predicted to have generated 500,000 square feet of commercial space. Amongst regeneration plans for the area is the re-opening of the derelict St James station, which will give the Baltic Triangle a huge boost in transport access.
In late 2020, a master plan was outlined for the Baltic Triangle, outlining key recommendations for the future of the area. Alongside the new train station, plans include a new public park, enhanced connectivity, and the creation of green corridors, solidifying the area as a regeneration hub in the heart of Liverpool.
Investors keen to grow the value of their investment property alongside making high rental returns should definitely explore the opportunities available within the Baltic Triangle.
The Baltic Triangle Is a Desirable Place to Live
The Baltic Triangle was voted one of the coolest places to live in the UK by the Times. With an array of amazing things to do and see and excellent proximity to Liverpool city centre, it’s easy to see why the Baltic Triangle received this vote.
Some of the latest additions to the Baltic Triangle include the popular Baltic Market, a venue filled with independent food stalls which host regular live music events – basically, a food and drinks festival for Liverpool residents to enjoy every weekend!
Other spots in the Cains Brewery Village area of the Baltic Triangle include lively bars like Birdies Bar and BBQ, the Peaky Blinders Bar, and Ghetto Golf for a unique night out.
Because of its reputation as a trendy, creative district, the Baltic Triangle generates a lot of rental demand from desirable tenants like young professionals.
If you purchase a property in the Baltic area, you’ll benefit from a consistent stream of demand and won’t have to worry about any void periods causing you to miss out on income.
With the area ever-expanding and attracting more and more interest from across the UK and worldwide, it’s likely that this demand will continue to grow for many years to come.
As more and more bars, restaurants, offices and events are introduced into the area, the Baltic Triangle will only keep thriving further, and this is just the beginning.
The Baltic Triangle Generates High Rental Yields
Liverpool is already hailed as a top city for rental yields, with six Liverpool postcodes making Totally Money’s buy to let map for 2020.
The L1 postcode, which is ranked the number one postcode in the UK, spans parts of the Baltic Triangle, which has helped attract more attention to the district from investors keen to maximise their rental returns.
Because the area is so popular and creates a lot of demand from tenants, those who invest in the Baltic Triangle benefit from some attractive rental yields.
With the average house price in Liverpool city centre sitting at £160,564 in December 2020 – a 10% increase from last year according to Zoopla – and high average rental costs of around £808 per month, yields in this Liverpool postcode are some of the best in the UK at over 6%.
Properties like One Baltic Square and Parliament Square come with rental yields of 7%, which is a lot higher than the yields you would find in some other parts of the country.
With frequent rental price growth in Liverpool in recent years, and a 5% jump in prices in the North West in October 2020, it’s likely that these rental yields will continue to increase over time, allowing investors to make the best possible return on investment.
Download Our Baltic Triangle Investors Guide
For more in-depth information about the Baltic Triangle and its history, regeneration, and investment prospects, make sure you scroll to the top of the page to download our Baltic Triangle guide.