Is the Liverpool Baltic Triangle Good for Investments?
Alongside the leisure and business attractions on offer from the Baltic Triangle, the Baltic neighbourhood also has a reputation as an excellent spot for property investments. The area is gaining attention from overseas investors and UK-natives alike, all of whom have been drawn in by the opportunities on offer. So why is the Liverpool Baltic Triangle such a prime area for property investment?
Demand is such an essential part of a strong property venture, and with the Baltic Triangle attracting such high demand from desirable tenant groups such as young professionals, purchasing buy to let in this area is a recipe for success. Here, young professionals have everything they could possibly need. They’re close to an array of fantastic workplaces in and around the Baltic, they have a selection of restaurants, bars and nightlife attractions right on their doorstep, and they can easily commute to other parts of Liverpool or nearby cities.
Because so many renters are looking for the perfect property to live in in the Baltic Triangle district, rental costs for the area have risen. This has led to some high possible rental yields for those investing in the area. Average rents in the postcodes of the Baltic Triangle area of Liverpool reach up to around £843 per month, with tenants prepared to pay large amounts to live in such a coveted location.
Not only do property investors taking advantage of the Liverpool Baltic Triangle benefit from high rental returns, but capital growth is also a major factor. Areas with a lot of regeneration are synonymous with property growth, and according to Zoopla, Baltic Triangle postcodes have risen by around 20.03% over the last five years. Those who buy an investment property in the Baltic area are likely to see some huge returns through both rental income and capital appreciation over the coming years.
What’s Next for the Baltic Triangle?
We’ve covered lots of information in our Baltic Triangle guide in terms of why the area is so popular with investors, visitors and residents alike, but what about predictions on what’s next for the Baltic neighbourhood? Liverpool news regularly reports on the Baltic Triangle and the new developments that are expected. Some of the most recent announcements include the opening of a new £2.2 million restaurant within Cains Brewery village, while other headlines have covered reports for a new development ‘masterplan’ endorsed by the city council in 2017.
Working with a team of award-winning designers and planners, the council will lead further development for the area with aims to support and encourage additional investment into the creative and digital industries, ensure a sustainable neighbourhood within the L1 area, improve connectivity to other parts of the city centre, and revitalise derelict land and buildings.
For investors keen to become a part of the Baltic Triangle’s property scene, there are some exciting upcoming developments to get involved with. Parliament Square is a new luxury property development planned for the Liverpool Baltic Triangle, made up of high-quality apartments and featuring a stunning rooftop pool and spa like nothing the city has seen before. Another off-plan development that’s set for the area is One Baltic Square. Much like Parliament Square, this development is targeted towards the growing demographic of renters looking for accommodation in the thriving Baltic district. One Baltic Square features stylish and modern apartments with state of the art fixtures and decor, and boasts the most landscaped gardens of any Liverpool development.