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Liverpool Property Market Could Benefit From New Transport Hub

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    A significant new transport hub could change Liverpool City Centre, accommodating high-speed trains to and from Manchester.

    This could hugely affect the local property market, as enhanced transport links will ensure properties in the area are more desirable to a broader demographic of potential tenants.

    Let’s look at the plans in more detail.

    Discover More: Learn more about how buy-to-let investments work with some of our helpful guides, including our page on the best UK buy-to-let areas.

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      train waiting in lime street station

      What Changes Can We Expect to Liverpool’s City Centre Transport Options?

      The government is committed to spending £12bn on high-speed train links between Liverpool and Manchester. The local focus is now shifting to reshaping the city centre to fit Northern Powerhouse Rail.

      City leaders aim to solve capacity issues at Liverpool Lime Street and Liverpool Central Merseyrail station, one of the country’s busiest rail hubs.

      The Liverpool City Region Combined Authority (CA) is seeking a partner to regenerate the area around Liverpool Central. Their goals are to fix capacity problems and transform the area profoundly.

      Renshaw Street and Ranelagh Street are vital links between the city centre and the expanding Knowledge Quarter, including universities and the new Royal Liverpool Hospital.

      The CA is offering a £1m contract, stating: “The rail network and land regeneration of Liverpool Central station and the surrounding area is a once-in-a-generation opportunity.

      “Liverpool City Region Combined Authority is excited to be approaching the market to help it deliver an ambitious transport-led programme which will create multi-faceted regeneration opportunities.”

      Find Out More: See our guide on new-builds in Liverpool for more information on Merseyside investment. Alternatively, you may want to check our article on the best buy-to-let areas in Manchester.

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      Liverpool skyview

      What Other Plans Could Boost Transport Throughout Liverpool?

      As well as the ambitious plans for the rail network, Liverpool also has plans for a new form of public transport, dubbed the ‘trackless tram’ or ‘glider,’ which aims to connect Liverpool Airport, Anfield, and other vital parts of the city.

      For a while now, transportation leaders have sought innovative solutions to efficiently move large numbers of people to destinations not currently well-served by public transit.

      Metro Mayor Steve Rotheram, vying for a third term in May’s elections, has promised to expand the Merseyrail train network. His plans include constructing new stations at Woodchurch in Wirral, Carr Mill in St Helens, and Daresbury in Halton.

      Launching his reelection campaign, Mayor Rotheram pledged to introduce a trackless tram network similar to Belfast’s Glider system if he wins another term. The Belfast Glider, initiated in 2018, enhanced mass transit in the Northern Irish capital with two routes spanning 15.2 miles, utilising dedicated bus lanes and mixed traffic lanes, at a total cost of approximately £100 million.

      During his campaign speech, Mayor Rotheram outlined potential routes and the timeline for implementing the trackless tram network in the Liverpool City Region.

      He said: “If I’m re-elected, we will introduce a trackless tram network – similar to the Belfast Glider. A new rapid transit system that could expand and extend to other areas of the region.

      “New services will run between Liverpool City Centre and Liverpool John Lennon Airport and to both Anfield and the new stadium at Bramley Moore Dock for the Euros in 2028. They will carry more passengers – and deliver express services – cutting down on journey times – offering a sleek, modern way of getting around.”

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      What Could These Regenerative Plans Mean for Liverpool Property Investment?

      What do enhanced transport links mean for property investment in Liverpool?

      Good transport links significantly impact property investment by enhancing accessibility and convenience. Properties near transportation hubs attract tenants and buyers, leading to higher demand and property values.

      Such properties experience higher capital growth rates due to increased demand, providing investors with capital appreciation opportunities. The capital growth prediction in the North West is already predicted to be 20.2% by 2028 (per Savills); enhanced transport links may improve this prediction further.

      Additionally, they command higher rental prices, ensuring stable and potentially higher rental income. The North West buy-to-let market is predicted to see returns of 9.2% in 2024, which highlights the profitability of the rental sector in the likes of Liverpool. Investors may see even more profitability if these transport plans come to fruition.

      Moreover, areas with good transport links attract infrastructure investment and urban development projects, further increasing property values.

      Liverpool is no stranger to regenerative development, with the likes of the Baltic Triangle and Knowledge Quarter a testament to the drive and determination of the Liverpool Council and entrepreneurs to boost the city in the eyes of buyers and tenants.

      Find Out More: Looking for the best area to invest in property? Or what to learn more about the running costs of a buy-to-let?

      Or, you can check out some of our buy-to-let area guides to better inform your strategy:

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      Dale Barham

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      Dale is a property content writer at RWinvest. Keeping a close eye on the UK property market, Dale helps our readers stay informed and up to date on the latest market news and statistics.