Growing more and more each year, Liverpool is proving to be the number one location in England for investment opportunities. With the economy constantly growing and with that, the population, the demand for housing inevitably follows suit, making it the perfect place for anyone looking to invest.
With the current number of residents at 550,000 and increasing every day, Liverpool sits 9th on the list of most popular cities per square mile in England. This, along with the developments and expansions currently in place, makes Liverpool the ideal area to invest in with a market that is constantly expanding. Liverpool is also home to 6 of the 25 postcodes listed as the best areas for buy to let investment in England, further proving that it’s exactly where investors want to be right now.
Comparing one of the best postcodes, L1, to an area in London, W8, the differences are astounding. In L1 the average yield is 10% with an average asking price of £90,000, whereas in W8 the asking price is £1,962,500, with the yield at 2.05%. The economy in Liverpool is constantly growing and creating incredible investment opportunities for anyone looking to invest.
What’s in Liverpool?
A hugely popular development in Liverpool is the Baltic Triangle, which is drawing in students and young professionals who will all need somewhere to reside. The Baltic Triangle is bringing a huge amount of attention to the city with tourists, but as it provides a wide range of jobs for the public it will also bring in people looking to live close to their work. These newcomers to the city will in turn need somewhere to live which is why developments like Baltic Place are gaining so much interest in the investment circle, because the supply is not currently keeping up with the demand. Along with this, there are also developments such as The Tannery that are located in one of those top 25 postcodes- L3 is a premium postcode with an average yield of 7.4%, well above the average in England that sits at 5.5%, making it another area of Liverpool that is of great interest to investors.
How do I know it’s a good investment?
There is a proven track record of property investment success in Liverpool, making it a highly profitable venture. With properties with a guaranteed buy to let on offer, they give you as an investor a great, stable return. The property prices are highly affordable, with the average price in Liverpool at £130,000 and the national average at £217,000, it’s easy to see why smart investors are choosing Liverpool. The property market in Liverpool is also really strong, with house prices increasing by 7.5% in 2018 compared to the UK average which was 3.6%. With the increase expecting to raise bt 18.8% by 2022, it’s clear that now is the time to invest in Liverpool to make the most of the developments in the area and get the best return from your investment.