Property Investment in Liverpool
Liverpool is a very varied area in property terms. Although there are some pricey districts there are many more offering good value or cheap investment property.
Here’s some information on some of the main areas of Liverpool for property investment.
Liverpool City Centre has a population of around 33,000. There is a large city centre living market so it can offer good opportunities for buy-to-let landlords. As well as some period conversions there are lots of new build blocks and many more are being built or in planning. More and more students are being attracted to live in Liverpool city centre housing, often in purpose-built student accommodation (known for short as PBSA) too.
The areas known as the Baltic Triangle and the Ropewalks, and anything with a waterfront view, are really popular letting locations. The Georgian Quarter, an area of renovated Georgian houses, has been named one of the best city centre places to live by The Times.
Average property prices in Liverpool’s city centre are around £144,000. Average yields are 6.1% in the L1 postcode and 5.9% in L2.
South of Liverpool’s city centre are districts including Dingle, Edge Hill and Toxteth which have a population of around 63,000. These are some of Liverpool’s cheaper areas for a property with lots of terraced property.
Once a run-down, fairly unattractive part of Liverpool, some areas have undergone regeneration and are now considered up-and-coming. They attract those looking for good value accommodation and house shares.
Average property prices in this area (based on the L7 postcode) are around £148,000. Average yields are 4.6%. A good house in multiple occupation or HMO let could generate much higher yields.
The area north of Liverpool city centre includes districts such as Anfield, Bootle, Croxteth, Everton, Fazakerley, Kirkdale, Norris Green and Walton. Parts of this area are in the City of Liverpool and parts are in Sefton Borough. The area has a population of around 223,000.
This area is Liverpool’s main low-mid-priced residential area and includes terraced housing and many social and private housing estates. Overall it’s a great area for finding good value buy-to-lets and offering HMO shared accommodation, although some inner city areas are quite deprived. Bootle in particular is a good value property area.
Average prices in north Liverpool range between £120,000-£162,000. Typical yields are 5.2% in L6 and 5.9% in L20.
The areas further north, outside the city itself, includes locations such as Crosby and Formby. These areas have a population of around 43,500 and include some of Liverpool’s smartest residential districts. They have access to long sandy beaches and good rail links into the city so are popular with commuters and families.
Prices in Crosby and Formby and well above the Liverpool average at around £240,000-£370,000. Buy-to-let yields are tight at around 4%.
The south east of the city, beyond the Queens Drive ring road, includes suburbs such as Aigburth, Allerton, Bowring Park, Childwall, Gateacre, Hunts Cross, Roby and Woolton. The population of this area is around 95,000. This is Liverpool’s favourite mid-priced residential area and is particularly popular with families.
Average prices vary from £240,000 in Aigburth to £317,500 in Allerton where there are some expensive streets, but it’s still possible to find good, buy-to-let, family houses.
Yields here, mainly L17, L18 and L19, are around 4-5%.
Property investors who are interested in investing in Liverpool property may also be interested in Birkenhead and Wallasey. These towns are in Wirral Borough across the River Mersey. They are within 10 minutes of Liverpool city centre via Merseyrail or the Mersey Tunnel and so popular with those who work in Liverpool itself.