Liverpool Baltic Station is going ahead. The long-awaited Merseyrail development project got the green light this week, and is scheduled for completion in 2027. Great news for bars and other businesses in the area, but what does this mean for property prices?
The impact of Liverpool Baltic Station on property prices
In the short-term, apartment prices in the area may get a boost. The announcement of a major new development will do that. The area being better connected certainly isn’t a bad thing. But don’t run out and snap up a city centre property just yet. Over time, this development is likely to make very little, if any, positive difference to property values in the area.
There are lots of apartments in The Baltic Triangle. Do you think they’ll go up in value when people are able to get there more quickly and easily, from the comfort of the leafy suburbs?
The Baltic Triangle is already in the city, a short stroll to LiverpoolONE and the waterfront. The new station will make it easier to commute into the area. Nobody’s moving to Liverpool City Centre, then commuting out to Birkenhead or Bootle! So, from a property investor’s perspective, the opportunity presented by this development is in the areas that will be better connected to the city as a result. Places like Aintree, Ormskirk and Southport.
When this station is complete, people will be able to live in suburbs like Aigburth and Maghull, then hop on a train to work in The Baltic Triangle.
Best places to buy, within commuting distance
When you’re ready to invest in Liverpool property, look to commuter towns. The new Liverpool Baltic Station will make them even more appealing. In places like Speke or Bootle, you can pick up a three-bedroom house with a yard for the price of a city centre apartment.
Towns like Birkenhead, Prescot and Newton-le-Willows also represent great places to invest. Newton-le-Willows is on the furthest edge of the Merseyrail network, and you can still reach the city centre in 16 minutes!
This doesn’t mean buying in The Baltic Triangle is a bad idea. If you want to live there, great. If you still want to invest there, fantastic; use the video below to make sure you buy in a well-managed block.
Invest in Liverpool
Ultimately, Liverpool is packed with fantastic opportunities for property investors. You’ll get more for your money, even in the city centre, than in most other UK cities, but local knowledge can help you maximise returns. If you’d like the help of a local-area expert, to source properties in Liverpool, book a free investment consultation.