Situated within a former Victorian-era prison, The Bridewell presents a unique opportunity for investors to secure themselves a historical piece of Liverpool’s architecture. A £2.6 million conversion, The Bridewell has been reformed and perfected for young student tenants wanting sleek accommodation on the doorstep of the Knowledge Quarter, and nestled within the heart of the city centre.
With prices starting from £74,995, and an assured NET rental return of 8% for two years, these apartments present an excellent opportunity for buy to let investors to secure themselves a prime spot in Liverpool, one of the fastest growing student cities in the country.
Prison Cells Turned Luxury Accommodation
With luxury interiors and state-of-the-art facilities retrofitted into its unique design and layout, The Bridewell building presents an investment opportunity unlike any other, retaining its distinctive character and history while still offering a modern living approach. The fully tenanted development is evidently already proving to be popular among Liverpool’s student population.
The Bridewell’s central communal area is a highlight of the development, providing tenants with a modern, open space to relax, unwind and socialise with friends. A far cry from the prisoner workout area that it was once used for, the repurposed atrium is unlike anything you’ll see in any other development. The culturally rich development has also retained its Grade II status, another exciting feature for both tenants and investors.
Liverpool’s Growing Student Market
In terms of rental income, The Bridewell’s prospects are amongst the strongest in the country. Not only is the build already fully tenanted to begin with, but the growing student tenant base is swelling in Liverpool. The 8% assured NET rental return for two years against starting prices from £74,995, this student accommodation opportunity is not one to be missed if wanting to make the most of Liverpool’s thriving market.
With over 70,000 students and growing, Liverpool’s student market is, much like buy-to-let as a whole in the northern city, among the strongest in the country. Historic, popular universities such as the University of Liverpool and Liverpool John Moores are situated with arms reach of the city centre, in the Knowledge Quarter area. This makes the apartments dotted in between hugely popular, giving students the best of both worlds.
- Prices from £74,995
- 8% Assured NET Rental Returns
- Earn Minimum £6,000 Net Rental Income pa
- £2.6M Conversion in Liverpool City Centre
- Completed and 100% Tenanted
- Hands-Off Investment
- Experienced Developer with Tack Record
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A long-standing developer with plenty of experience in the Liverpool market, CARO developments have measurable success in their City Point, Parker Street and Shaw Street completed projects, worth a cumulative £17.9 million. Helping to change the shape of the real estate market in the North West, CARO specialise in finding unique investment opportunities throughout the city, thriving in both new and existing developments.
Under their CARO lettings management arm, CARO also offer a bespoke service for the already thriving tenant-base of The Bridewell, handling the day-to-day minutia on behalf of investors and offering a consistent concierge service for those living there. Taking their tenant experience seriously, they want all of those living in The Bridewell development to feel at home as much as possible.
New Apartments Launched
Net rental income: £6,000
Net rental income: £6,800
Net rental income: £6,000
Net rental income: £6,800
Transport Links to The Bridewell
Central Retail District
- - 185m away
- - 6min walk
Moorfields Train Station
- - 140m away
- - 5min walk
John Moores University
- - 430m away
- - 8min walk
The Bridewell and Liverpool Investment at Large
A Culturally Rich Development
A unique piece of history situated at a vantage point within Liverpool’s city centre, The Bridewell was once a prison used in the Victorian era, and closed in 1997. Today, despite having undergone mass amounts of regeneration and rejuvenation, now spouting luxury student developments with a stylish common room, the building hasn’t forgotten its importance or heritage, and has plenty of character, setting it apart from any other investment opportunity in the city, and perhaps nationwide also. The best of both worlds in terms of Liverpool culture and modern investment opportunity, it’s among the strongest student property the area has to offer.
The Knowledge Quarter
Within a 15-minute walk from The Bridewell development, and home to the prestigious University of Liverpool and Liverpool John Moore’s University, Liverpool’s Knowledge Quarter is an integral part of Liverpool’s influence, draw and development going forward. The location of Bridwell within Liverpool is perfect for students looking to get the most out of their stay in the city while studying at university. While on the doorstep of multiple different campuses, the apartments are also within arm’s reach of an abundance of bars, restaurants and shops, something that will only increase as investment and regeneration in the area continues.
Growth and Regeneration
The mass amounts of regeneration and investment in Liverpool make it easily one of the most exciting investment hotspots in the UK at the moment. Projects such as the £5.5bn Liverpool Waters development or the £260m Anfield plans are examples of how areas in-and-around the city will thrive for the foreseeable future, and the demand for student accommodation will continue to grow as there is expected to be a 27% increase in students in the city over the next 10 years.
The Bridewell is one of the most unique and highly yielding properties on Liverpool's investment scene. Providing a lucrative 7% net return for two years in one of the city's most historic Grade II listed buildings, these student units secure a strong return on investment within the fast-growing UK student property sector.Sarah Roberts, RWinvest