This proposal from the council demonstrates the ever-rising value of convenient parking in Liverpool City Centre.
As the costs of public parking increase, it is becoming continuously more essential for city centre dwellers to have access to a private parking space. For this reason, at RWinvest we offer onsite parking at our projects – a must-have for the modern renter, and an extra source of value for buy-to-let investors.
These spaces are set to increase greatly in value over time, especially as the supply drops and demand increases. And with over 41 million vehicles now on UK roads—the highest number since records began, with this number expected to continue to increase—the demand for secure, affordable city-centre parking has never been higher.
Previous studies have also found a link between a property having a dedicated parking space and higher value, with one survey finding that a parking space can add £73,000 on average to a property’s value compared to those without.
RWinvest’s latest off-plan property launch, SoapWorks, is located in the Pumpfields regeneration district of central Liverpool, offering easy access to all of the city’s attractions and amenities. The underground car park means residents can enjoy secure parking in the city centre, adding to the appeal of the apartments for renters and helping encourage long-term value for investors.