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£19 Million Investment Set to Make Liverpool’s Trains Most Accessible in UK

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    Four Merseyrail Stations Will be Upgraded in Accessibility Push

    The Liverpool City Region Combined Authority has announced that they are on track for upgrading the Merseyrail network to make it the ‘most accessible train network in the country’ for people with reduced mobility.

    £19 million is set to be invested in improving accessibility by installing new lifts at Aigburth, Port Sunlight, Rock Ferry, and Walton to establish completely step-free routes for passengers from pavement to platform. The work will take place over the next few years, funded by the Combined Authority’s City Region Sustainable Transport Settlement and Access for All accessibility funding.

    Once these upgrades are completed, 80% of city region stations will have step-free access, thanks to new lift installations and Liverpool’s new £500 million fleet of publicly-owned trains with sliding step technology.

    So how else will the Liverpool train network be improved and what does this mean for buy-to-let property investment?

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    Liverpool / UK - February 22 2020: exterior of Moorfields metro rail underground railway station, Liverpool

    How Will the Merseyrail Network be Upgraded in the Coming Years?

    During his election campaign, the Mayor of Liverpool pledged to make all local rail stations fully accessible by 2030. He also announced his intention to build an ‘integrated London-style transport system’.

    Since 2017, two brand new stations have been added to the network at Maghull North and Headbolt Lane in Kirby. Work is now underway on the £100 million Liverpool Baltic Station which will massively improve links to the popular Baltic Triangle district. This is one of Liverpool’s most exciting and fast-developing areas, and it was recently named the ‘coolest neighbourhood’ in the UK by Time Out.

    There are plans for three more new train stations in the pipeline at Carr Mill in St Helens, Woodchurch on the Wirral, and Daresbury in Halton, and all three projects are slated to begin construction by the end of the decade.

    Lift installations have also taken place recently at Formby, Birkenhead North, Orrell Park, Meols, Birkenhead Park, Hunts Cross, Hillside and St Michael’s, and work is ongoing at Broad Green. Once the Broad Green lift is fully installed, 62 of the city region’s 83 railway stations will have step-free access.

    There are also big proposals for Liverpool Central station’s redevelopment including an underground passage that will link it to Liverpool Lime Street station.

    Further Reading: Find out about the best buy-to-let areas in London or off-plan property for sale with our latest guides and insights.

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      How Can Transport Regeneration and Schemes Impact Local Property?

      So why do regeneration projects and transport schemes matter to property investors?

      Regeneration areas are known to be lucrative locations to target for property investment, with the bonus of having a positive impact on the local community by contributing to investment in up-and-coming districts. Investment opportunities in regeneration areas are often considered the best type of property to invest in the UK.

      Areas that have been targeted for strategic redevelopment will often be parts of the city with great potential that are currently underutilised. These places will typically start off with lower property values, but these will start to rise quickly as the area reaps the benefits of the revamp, and becomes more attractive and more in demand.

      When it comes to transport regeneration, it can significantly improve the image of an area in the eyes of a tenant with greater access to job opportunities and all the other advantages that improved connectivity can offer. This can result in higher rental demand and rapid rental price growth.

      To learn more about the UK property market, take a look at our buy-to-let area guides covering topics such as available investment property in Huddersfield and available investment property in Dundee.

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      Author

      Jessica Ferris

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      Jessica Ferris is a property writer at RWinvest, helping our readers stay ahead of property market trends with the latest news and statistics.

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