Alongside rental yields, a recent study from The Mortgage Lender suggests that investors prioritise energy efficiency, long-term investment potential, and the location’s attractiveness just as much as the potential yield and price.
For that reason, investors may want to consider some of the bigger cities in the North West, such as Liverpool.
For instance, Liverpool has the fastest-growing economy out of any UK city, according to The Data City. In addition, the city boasts a strong graduate retention rate, which suggests a plethora of job opportunities for young professionals, enhancing the desirability of the location.
Plus, the rental yield (7.44%) is impressive, especially compared to the national average (5.60%). The yield has also grown by 0.1% since the last Zoopla update.
Finally, Liverpool’s property prices are more than affordable than the national average, particularly in other notable cities further south, such as London. The HM Land Registry UK House Price Index puts the average Liverpool property price at £176,371, while the average UK price stands at £281,913 (figures accurate as of January 2024). This is important to consider if you plan on buying more than one property.
Learn more About North West property investment with some of our handy area guides:
Other Property Resources of Interest
Manchester Properties
Birmingham Properties
London Properties
Embankment Exchange
Wigan Property News
Rice Works
Sheffield Buy To Let
Wigan Latest Properties
