By Michael Gledhill | 15 March 2017
Why not invest in a buy-to-let property in one of “Britain’s coolest places to live”?
The Baltic Triangle/Northern Docks in Liverpool and Ancoats in Manchester have been named by the Times as the top two “coolest places to live in Britain” and with RWinvest offices in based in both cities, we agree!
Baltic Triangle Liverpool Investments
At number one, the Baltic Triangle in Liverpool is the place of choice for tech start-ups, creatives and arts with a buzzing nightlife scene emerging in this once industrial area. With a studio apartment averaging around £87,000 in this area, this is a great place to invest in a buy to let property. This growth is indicative of the developments and investments appearing around Liverpool at the moment, making now the perfect time to make property investments in these up-and-coming areas.
The Baltic Triangle being named coolest place to live in the UK is unsurprising, with young entrepreneurs flocking to the area to be in the buzz of creativity which is emerging here. With Liverpool’s arts scene thriving, along with investment in the area and billions of pounds’ worth of regeneration projects across the city, there is increased demand for housing; providing potentially lucrative opportunities for investors who are quick to purchase property in the area. From converted warehouses now providing a place to house the growing party scene, to restaurants and a planned £70 million luxury hotel with a rooftop restaurant; the area is full of independent businesses, creatives and investment.
In the North Docks, the council aim to turn ten nearby streets into a quarter for innovators. Investment in “Ten Streets” will create Liverpool’s new Creative Quarter in the North Docks, an exciting addition to Liverpool’s investments. Liverpool is aiming to become an International destination, making buy-to-let investments a high priority for investors who want to be ahead of the curve. With more businesses being attracted to this area, there will be increased demand for quality housing and we have plenty of property investment options in these growing areas.
This Creative Quarter development will also attract more students to the area. Students from across the world will be attracted to the vibrant quarter, only a stone’s throw away from the top universities of the area. Student developments in this area are luxurious and custom built for the student’s needs. It can be seen from the numerous developments on offer that this is a growing demographic for Liverpool and investing in this type of property is an excellent hands-off property investment opportunity, managed by expert management companies. For example, Devon House situated in the Knowledge Quarter provides investors with an 8% net income.
Coming in at number two, Ancoats is Manchester’s hippest neighbourhood. Originally home to some of the largest mills in Manchester, it now houses professionals looking to live, drink and dance somewhere cheaper than their Northern Quarter neighbours. Young entrepreneurs are moving into the area fast, setting up their businesses in the old warehouses which stand here and creating opportunities for investors to let to these professionals.
Buy to let is an excellent option for any investor looking to let property to these young professionals travelling to this area to live and work. Similarly to the Baltic Triangle, this area is buzzing with independents and entrepreneurial spirit with the revival of the area growing fast. Old mills have been regenerated by the arrival of indie cafés, restaurants and bars with a focus on high-quality products. The young professionals wanting to live in this area are wanting quality living accommodation and to be a part of this vibrant community and there are currently exciting proposals to create living and leisure facilities for these professionals in Ancoats. With tourism currently growing with Ancoats tipped as “a must-see area for any tourist in 2017” by the San Francisco Chronicle.
What we think
At RW Invest we have properties available in this popular area at excellent prices for investors. With the interest and regeneration in this area, investing in a property here would be an excellent investment for anyone looking for an investment property. This area is also benefiting from Manchester City investing £1billion into it; with new apart-hotels, homes and rooftop gardens appearing all the time. Ancoats is tipped to be the “new Northern Quarter” and it’s not hard to see why!
We agree that these two North West areas are the coolest places in Britain to live, and we are noticing more and more investment and regeneration being pumped into these areas which is great for the property market and property investors. Young professionals and innovative business people are coming to these areas to set up their businesses; whether it be tech start-ups or quality independent restaurants. With the economic growth here, people are wanting to live in these communities and demand for property is high, so investment opportunities are strong.
If you want to get ahead of the curve and make sure that you are investing in properties in the right areas, contact us today and find out about the properties we have available!
To discuss investment opportunities in Liverpool and Manchester, give us a ring on +44(0)161 974 7370 (Manchester), +44(0)151 958 1254 (Liverpool) or +44 (0)207 100 4141 (London).