If you’re looking for buy to let property in Liverpool, you’re about to follow a lucrative path.
Buy to Let Property in the North
On the attractive backdrop of year-on-year UK property growth since 2012, 2 economies are projected to thrive most. The North West and Yorkshire & the Humber have the Northern Powerhouse initiative to thank for this. This is a government scheme intended to grow investment in the North’s infrastructure, helping its businesses and innovators to flourish. Additionally, students are seeing the North as a more cost effective hub with better quality of life than the capital.
Liverpool Property Growth
For these reasons, investors have placed the spotlight on buy to let property in Liverpool. With a young and growing population, the influx of professionals to the city has resulted in shortages of quality accommodation. JLL UK, an international property consultancy company, recently published a report forecasting future property price action in Liverpool. The report states that over the next 5 years, rent prices will increase by 14.8% and sale prices by 13.1%.
Liverpool Rental Yield
Another reason for you to strongly consider investing in buy to let property in Liverpool is the rental yield, which outperforms the UK average of 3.53% convincingly. That is to say, rental yields can reach an impressive 10% in the L1 postcode. This makes it the highest return area in the UK. Similarly, buy to let Property in Manchester offers an impressive yield of 7% in some areas.
European Capital of Culture
In 2008, Liverpool became the only city in England to ever be named the European Capital of Culture. To earn the title, Liverpool already had a vibrant, creative, well-connected, footballing city. As a result, the city’s population has grown at a staggering rate – doubling its residents since 2008. The city’s expansion has also affected Liverpool’s local businesses. This culminated in the development of the city’s own banking sector on Castle Street and start-up headquarters in the Baltic Triangle. Other attractions contributing to the city’s success are the shopping complex at Liverpool One and historic Albert Docks with views of the waterfront.
Liverpool’s transport system is linked well externally and internally. Trains to Chester take 45 minutes, Manchester in 50 minutes and London in 2hrs 15 minutes. Once you’re in Liverpool central, it has one of only 3 underground metro systems in England. For all these reasons, this north-western gem attracted an ongoing £14bn regeneration project to further enhance its existing appeal.
Accessing the Market
There are multiple ways for you to invest in buy to let property in Liverpool, but few will maximise your investment. As an experienced property investor and business founder, I discussed with Ryan Griffiths of LPC Invest within the last month.
Even with years of experience, the information and knowledge he provided me changed the way I viewed investing. He discussed how LPC Invest has access to off-plan property at below market value, completed buy to let developments and serviced accommodation. In addition, all of these within the most desirable areas of the North West as standard. They also mostly take the fee directly from the developers, so there are none to pay from an investor’s perspective. This is after making sure each deal stacks up for the investor’s benefit – what an exceptional service!
LPC Invest make it simple for investors or companies that buy houses to access this secure and growing market. If buy to let property in Liverpool interests you, contact LPC Invest now to find a bespoke investment suiting your specific requirements.
If you enjoyed this article, you’ll likely enjoy our North West UK property investment post.
Guest post by
Founder @ CashHouse.co.uk