Liverpool is such an exciting city. It regularly stands up alongside London, Birmingham and Manchester when it comes to attracting property investors looking for high yields and strong capital growth potential.
In fact, despite not boasting the half-million plus residents that these other cities do, Liverpool tops the Totally Money UK Buy-to-Let Yield Map 2019/2020. Its L1 postcode area, which covers the central retail area (including Liverpool One), Chinatown and the commercial district, provides the best yields in the UK, at 10%.
Liverpool also offers exceptional value for money compared to London, Birmingham and Manchester. Average property prices in those three cities stand at £476,800, £169,000 and £175,700, according to Hometrack’s September 2020 UK House Price Index. Liverpool, meanwhile, has an average price of just £124,000, making it a far more affordable market for investors to enter.
“The city centre is constantly improving with owner-occupiers, investors, renters and developers buying into a modern, trendy and progressive city.”
JLL 2020 Northern England Forecast
This focus on constant improvement is certainly in evidence as you walk around central Liverpool. Perhaps the most exciting of the city’s regeneration projects is Upper Central. This ambitious, £2 billion scheme has the potential to create 2.5million sq ft of new development space in Liverpool city centre, including offices and tech/digital business space, shops, galleries, restaurants, bars, gyms and university space.
“Upper Central will be a core part of Liverpool’s growing Knowledge Quarter. It will create an estimated 7,000 jobs and strengthen the city centre’s already impressive lifestyle offering for those looking to live in the L1 area. It will also have a major impact for those who build and invest in and around central Liverpool.”
Dale Anderson, Managing Director, Fabrik Invest
Many of those who do choose to live centrally opt for homes in the elegant Georgian Quarter. One of Liverpool’s most popular and genteel residential areas, its broad streets are lined with the grand Georgian townhouses that give the area its name. So many private doctors operate from within these impressive premises that one road in the Georgian Quarter – Rodney Street – has been dubbed the ‘Harley Street of the North.’
Liverpool’s Georgian Quarter is also home to The Roscoe. This collection of 82 beautifully presented one- and two- bedroom homes has been designed to appeal to the city’s graduates and affluent professionals. The superb L1 location means that residents will have the very best of the city within walking distance, as well as easy access to the chic restaurants, traditional pubs and varied cultural venues that dot the Georgian Quarter.