For those who live here, there has never been any doubt that the city of Liverpool is one of the greatest on earth. Admittedly, for many years it seemed as if only those born here would agree.
However, during the past ten years, the city has transformed its fortune, merging the famous Liverpudlian determination and independence with a new wave of entrepreneurship, quite literally changing the landscape of the city. For Liverpool is now known as a thriving cosmopolitan city, recognised just as much for its prosperous success in business as it is for its creative and talented heart.
In a recent study by HomeTrack, Liverpool was not only named as the most affordable city in the UK but also the UK property market's fastest growing city. Not bad for a place that, just three decades ago, was in such decline and despair that it resembled the battleground of a civil war, with news images so iconic that Liverpool's stereotype as a tempestuous city was ingrained into the minds of the nation.
For what it lacks in size, it certainly makes up for in diversity, for the city centre and surrounding areas are sought after locations for a variety of buyers from students and professionals to first-time buyers, growing families and downsizers. Liverpool is beaming with potential and investors can take their pick of accommodation from city centre apartments, suburban new builds to spacious Victorian villas in the south of the city.
From homegrown entrepreneurs to international investors, the eyes of the world are fixated on the city and there has never been a better time to buy property in the buy-to-let capital of the country.
Located in the north of the city, Bootle is a historic area of the city that is linked with Mersey Docks.
During the last year, Bootle was shown to have a 4% increase in asking prices according to a report from www.home.co.uk. For those looking to invest, Bootle presents an opportunity to get more for your money in an area that has been heavily invested in over the past few years.
According to Rightmove, the average cost of a terrace property in Bootle last year was £69,885. For semi-detached homes, the average selling price was £124,076.
What Attracts Buyers?
Home to a prosperous local community, Old Swan is a popular place for families to set up home. Known for its local high street, locals can take advantage of a range of amenities on their doorstep from supermarkets, banks, cafes and pubs. With great transport links directly to the city centre, Old Swan is an ideal commuter town for those who work in the city.
According to Rightmove, the price of houses increased by 4% in the last year, a positive sign for those wanting to invest in the area, which is predominantly associated with its rows of terrace houses which surround the high street.
What Attracts Buyers/Tenants?
Based in South Liverpool and with great transport links to the city centre, Wavertree is a popular place for students to reside throughout their university and post-grad years. The University of Liverpool, Liverpool John Moores University and Edge Hill University each have campuses in nearby Aigburth.
With an influx of students throughout university terms, Wavertree presents the perfect location for buy-to-let opportunities. Its landscape is dominated by rows of terrace houses, a popular property type for young professionals who are looking for affordable housing, away from the hustle and bustle of city centre student accommodation.
According to Right Move, an average terrace property sold for a price of £124,479 (on average). For investors, it's an affordable price to pay in an area that is so popular amongst potential tenants.
What Attracts Buyers/Tenants?
Located close to the banks of the River Mersey and about a ten-minute drive to the city centre, Toxteth is a popular place for buy-to-let opportunities. Although, according to Rightmove, sold prices in this area were up by 26% since last year, providing a great opportunity for investors to buy and sell on.
A new £17.4m regeneration scheme has been revealed for the iconic Welsh Streets, offering refurbished accommodation in Victorian terraces. The properties will be renovated into a mixture of two, three and four bedroom homes. With such great investment concentrated on a small area, around nine streets, Toxteth is much an up-and-coming area.
Its history means that buyers can expect an eclectic mix of properties from the large Victorian terraces that hark back to Liverpool's heyday, perfect for splitting into smaller apartments, to terraced houses and high rises. Sitting close to the stunning Sefton Park, Toxteth offers a more affordable side of South Liverpool's beauty.
What Attracts Buyers/Tenants to Toxteth?
Liverpool's vibrant city centre is at the heart of all the exciting plans, in property, commerce and lifestyle developments. With so many new businesses and concepts being established around the city, the demand for affordable apartments has eclipsed supply. For investors, it is the perfect time to strike while the iron's hot.
Although the city is small in comparison to others, the various districts within are brimming with their own personas. From the affluent Business District to the stunning Arts Quarter, investors can target a variety of buyers.
What Attracts Buyers/Tenants to the Arts Quarter?
What Attracts Buyers/Tenants to the Bohemian Quarter?
What Attracts Buyers/Tenants to the Business Quarter?
What Attracts Buyers/Tenants to the Cultural Quarter?
As a Liverpool estate agent with over one-hundred-and-sixty years in the industry, we have acquired a vast degree of experience and knowledge in the Liverpool property market. If you are looking to make your first property investment, or, add further properties to your portfolio, our experienced team can help.
Address - 8-10 Allerton Road, Liverpool L18 1LN
Telephone - 0151 733 9000
Address - Imperial Buildings, 9 Dale Street, Liverpool, L2 2SH
Telephone - 0151 243 5325