If you are looking for a city excellent yield and potential for capital growth then look no further than Liverpool. Here are some of the Best Buy to let areas in Liverpool.
L4
The L4 postcode area in the city’s north comprises the stadiums of Liverpool and Everton football clubs. There are two big parks in the neighbourhood, and the Canada Dock railway line goes through them. A station might be excellent news for property investors and landlords in this region of Liverpool if the ideas are realised.
Landlords in Liverpool owning properties in L4 may expect a 7.13 percent rental yield. Large Victorian houses, some of which have been converted into 5–7-bedroom HMOs, semi-detached homes, bay-fronted terraces, and some pockets of modern estates and apartments are among the property types in L4. Property is nicely cheap here averaging around £100,000.
L7
In Liverpool, the L7 postcode region includes parts of the city centre, as well as the Edge Hill, Fairfield, and Kensington neighbourhoods. Most properties in L7 are terraced houses, with an average price of roughly £119,000.
The region has been redeveloped, and it is ideally located near the city centre. The Knowledge Quarter, the University of Liverpool, and the Royal Liverpool University Hospital (which will open a £429 million, a state-of-the-art new facility in 2022) are all located on the western fringe of the region.
L7 isn’t just the best postcode in Liverpool for rental yields; it’s also the top buy-to-let region in the UK for 2020. In this location, yields can reach 10.30 percent.
L8
These districts are located to the south of the city and were long thought to be run-down areas of Liverpool. The L8 postcode region has experienced significant renovation, attracting students and young professionals. For roughly your budget, you can acquire a lovely, terraced house.
L8 properties may soon skyrocket in the property market due to good potential capital growth and as well as strong yields. There are various green spaces in the region, as well as transportation links to the city centre.
The Dingle (L8) is an excellent location for a two-bedroom house among the bread streets. The yield isn’t tremendous, but the properties rent quickly because the roads slope down to the river and provide a beautiful view.
L15 Wavertree
Wavertree L15 is one of the most packed, popular student neighbourhood due to 3 Universities being around.
Wavertree, which is roughly a ten-minute drive from the city centre, is a popular spot for students to live without paying the high cost of living in the heart of a bustling international metropolis. Smithdown Road boasts a fantastic mix of independent bars and restaurants thanks to its popularity among students and ethnic populations, with The Tavern Co and Maggie Fu being two of the most popular places for those searching for great food and a vibrant atmosphere.
Liverpool is also a prominent student city, which means that student housing is in high demand. According to the Liverpool Echo, there are 50,000 students, with 34,000 requiring student housing. The main campuses of the University of Liverpool and Liverpool John Moores University (also known as LJMU) are located on the outskirts of the city centre. The University of Liverpool is contemplating a £1 billion campus renovation that will undoubtedly help the city.
Houses for sale in Wavertree are hot property and never stay on the market for long if we do say so ourselves as one of Liverpool’s leading estate agencies. It’s a popular neighbourhood to live because of the affordable housing and convenient access to the city centre.
Most of the homes in this area are terraces, which sell for roughly £136,671 on the open market, but many property investors convert them into HMOs (Houses of Multiple Occupancy) and rent out the rooms.
L17, L18 and L19 Area
L17, in Sefton, is one of Liverpool’s most attractive and desirable neighbourhoods. If you have £250-£300k to invest in a home, short-term rentals and ASTs for young professionals might be a good fit.
Childwall, Bowring Park, Gateacre, Woolton, Hunts Cross, Aigburth, Allerton, and Roby are in the city’s south-east, beyond the Queens Drive ring road. This is Liverpool’s most popular mid-priced residential neighbourhood, especially among families. Average prices range from £223,456 in Aigburth to £351,957 in Allerton, where there are some extremely costly streets but where suitable buy-to-let family residences may still be found.
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