The Property Ombudsman
tall office buildings set in front of a purple skyline in manchester

Liverpool

A city abundant with history and culture, ranging from Maritime to Music and football to ferries, Liverpool is the perfect city for families and young adults alike. Liverpool has a population of 902,000 – the 7th largest population in the UK – with roughly 70,000 being students and is seen as one of the most loved student cities in the UK.

While overall Liverpool is the 3rd best city to invest in within the UK, the Liverpool area actually holds the top spot across the nation by postcode and actually has an impressive 3 postcodes in the top 10 Buy To Let areas for 2020 nationwide:

1st place, L1 – 10% rental yield

4th place, L11 – 8.67% rental yield

7th place, L6 – 8.12% rental yield

With low property prices and fantastic yield, investors get more for their money in comparison to other areas of the UK. In December 2019, the average house price in the UK was £234,742 whereas Liverpool’s average house price was just £133,922 – and even better, for the average amount of 1 property in London (£483,922), you could get 3 or more properties in Liverpool and receive higher yield.

This city really does have something for everyone and is a particularly great place for first time investors given the high tenant demands resulting in low risk of void periods and rental income. It’s one of the strongest property investment markets in the UK offering a variety of investment opportunities from off-plan PBSA developments, to high end converted warehouse apartments; a £14 billion regeneration plan in the pipeline and targets to create 35,000 new homes, develop 370 acres of land and 38,000 new jobs is just one example of this.

New neighbourhoods like The Fabric District, The Baltic Triangle and Liverpool One are getting fashionable new residents and for people wanting to appeal to young professionals, major developments like Liverpool Waters (£5 billion), Project Jennifer (£150 million) and the Knowledge Quarter are changing the skyline.

The city also has huge plans to reduce congestion and improve the air quality throughout the centre as part of its Liverpool City Centre Connectivity Scheme to improve transport links. The £47 million transport plan aims to make walking and cycling the primary choice for shorter journeys and reduce bus and car traffic, making it easier and more enjoyable to get around. One part of this phase includes the creation of a City Bus Hub which will create a new bus layover in Old Haymarket for buses leaving Queen Square bus station, providing improvements in two-fold – reduction of congestion and pollution, and an improved commute.