2017 marked an important year, it marked the beginning of one of the biggest single regeneration projects the UK has ever seen, Liverpool Waters. Backed by the government, the £5 billion project will transform 150 acres of historic dockland and will completely transform the Vauxhall area of Liverpool. Understandably, the area has now been tipped as one of the hottest property investments in the UK.
We would like to introduce a rare opportunity to own brand new property which sits on the doorstep of Liverpool Waters, Tate House.
Liverpool is at the centre of the UK’s second largest regional economy with access to six million customers. It’s economy is worth more than £121 billion and home to over 252,000 businesses. Additionally, it has the largest wealth management industry in the UK outside London, worth £12billion.
“ Liverpool’s £12bn wealth management industry is the largest outside London”
The city is home to 5 award-winning universities and an impressive student population in excess of 57,000.
Liverpool has been named as one of the UK’s hotspots for its buy-to-let market due to its high rental yields and impressive property growth. Furthermore, with Savills expecting rents to rise by 21% over the next 5 years and interest rates remaining low with buy-to-let mortgage finance, now is the perfect time to invest in a UK buy-to-let property.
With the exciting news that Liverpool Waters will commence at the end of this year, all eyes are now on the regeneration of Vauxhall. “ The gravity of adding Liverpool Waters to the city’s existing waterfront offer will see Liverpool competing with the likes of Hamburg, Boston, Toronto and Barcelona in terms of the scale and diversity of its waterfront offer and associated economy”
Located next to Liverpool’s business district and within easy reach of Liverpool ONE and the new £1bn Knowledge Quarter, Vauxhall has continually been primed for a property boom, and 2017 marks the beginning. The inner-city location continues to make the headlines with Everton Football Club recently announcing their £300m ground in the area, at Bramley Moore Docks.
Developers are flocking to the area and price growth is now expected to escalate.
Liverpool’s Robust Rental Market:
Across the UK, demand for rental property is near record-high levels with 13.8 tenants chasing every new rental that comes to market. For this reason, it doesn’t come as a surprise that investors are eager to add Liverpool to their property portfolios.
With a population in excess of 465,000 - a growth of 5.5% in the past decade alone, Liverpool is growing in popularity and acclaim. This could also be attributed to the incredible inward investment opportunities taking place all around the region.
“ According to The Times, Liverpool is set to benefit even more as the city ranked second in the top five places in the UK for rental yields compared to 10 years ago”
Now, 23.1% of renting households are couples (up from 13.9%) as residents now prefer to rent rather than buy. In fact, 44% of private tenants aren’t expecting to buy in the long term.
With one of the largest universities in the UK and increasing graduate job opportunities, Liverpool is becoming a city for young renters and students.
It has a student population in excess of 57,000 with 60% of them requiring accommodation, meaning new property for the sole purpose of the universities’ attendees is in serious demand too. Lyle House being so close to the Knowledge Quarter and City Centre only adds to its heavy rental appeal.