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It should be noted that for a number of years, Liverpool has been recognised as one of the nation’s leaders in house price growth, rental yields and property development.
The North leads the way
In February 2021, Stuart Marshall, the CEO of Liquid Expat Mortgages, said; “Over the last few years, much of the growth in house prices is being driven by the North. In particular, Liverpool and Manchester – two cities which are really head and shoulders above the rest when it comes to investment prospects. Liverpool is currently experiencing the fastest rate of house price growth in 15 years with prices up 6.3% compared to the same point last year. Unsurprisingly, Manchester is also delivering fast price growth, up 6% from this time last year.”
Liverpool offers a good return on property investment
If you are looking to invest in property, it is vital you consider the expected rental yield. A study by Totally Money listed the 25-best buy-to-let areas for 2019/20, and six of these areas were in Liverpool.
There were three Liverpool areas in the Top 10, two in the Top 4, and the leading spot in the list was taken by a Liverpool postcode area (L7).
Liverpool has a young population, which is great for investors
Liverpool is regarded as a young city, and the student population stands at around 70,000. This is the platform for property development growth, and for investors.
Other areas that ranked highly in Liverpool include:
- The L1 postcode area, offering a 9.33% average yield
- L6, which provided a 7.85% rental yield
- L2, with an average rental yield of 6.8%
It should be noted these rental yields are an average, and it is possible to enjoy a more appealing return. At Homesure Property, we can provide you with as much support and guidance as you need to enhance the return you receive when letting property.
We will also ensure you make informed decisions. It is not just about gross yield – it is about NET yield after all costs. A potentially high gross yield will result in exceptionally low actual returns if the investment is not managed properly, due to high repairs costs, void periods, repeat lettings fees, or unpaid rent.
If you are interested in property developments for letting purposes or property management services, we can help. If you are looking to buy, sell, let or rent property in or around Merseyside, Cheshire, Lancashire, call us on 0151 722 22 22 and a member of our team will be happy to help.
