If you're looking to invest in the buy to let market in Liverpool, you'll want to know which areas are most lucrative. There are many factors to consider when choosing a buy to let investment, and location is one of the most important.
With that in mind, we've compiled a list of the best buy to let areas in Liverpool. Whether you're looking for high rental demand, low void periods or good capital growth potential, you'll find it on our list. With this information, you can make an informed decision about where to invest your money.
In Liverpool, there are many areas that are perfect for property investors. These areas offer great potential for rental income and capital growth. The city has a variety of different neighbourhoods, each with its own unique character. Whether you're looking for a bustling city centre or a more suburban feel, there's a Liverpool neighbourhood that's perfect for your investment property.
Many areas in Liverpool are undergoing extensive regeneration, with the local council investing billions each year into the infrastructure and more. The demand for properties is growing rapidly, but which areas are best for property investment?
Crosby, a picturesque coastal town located a short train journey from Liverpool, is one of the best areas to buy a property to let in the city. The perfect blend of city life and relaxed coastal living makes Crosby an ideal location for families and professionals looking for a more laid-back lifestyle. With its idyllic setting and close proximity to all that Liverpool has to offer, Crosby is sure to be a hit with tenants.
Crosby is a popular area for renters, so you're likely to have little trouble finding tenants for your property. The area is also well connected, with good transport links to the city centre. The average rental yield in Crosby is 3%, with Elavace it is higher at 7.4%. This means that investors who purchase an investment property at Copper Box are likely to see a healthy return on their investment.
Wavertree is a great area to buy a rental property. Situated just south of the city centre, Wavertree is home to a diverse range of residents and has something to offer everyone. The area has several popular bars and restaurants, as well as being home to a number of students who attend the nearby universities. There is a high demand for rental properties in Wavertree, due to its central location and popularity with students and young professionals.
There is a variety of different types of properties available, from flats to large houses, so there is something to suit every tenant's budget and needs. Wavertree is a very friendly and welcoming area, with a strong sense of community spirit. This makes it an ideal area for tenants who want to feel part of a community.
Nearby Smithdown Road has undergone a regeneration programme in recent years, making it a more desirable place to live. This has had a knock-on effect on rental prices in the area, with properties in high demand. Another popular choice with tenants is Allerton Road, which is well served by public transport links. There are also plenty of shops and restaurants close by, making it a convenient place to live.
In recent years, Liverpool’s Toxteth area has undergone something of a renaissance. Once an overlooked and neglected part of the city, Toxteth is now home to a burgeoning creative and entrepreneurial scene. The average rental prices in Toxteth are very reasonable, and this is another attraction for investors. This has made it an attractive proposition for buy to let investors looking for good returns on their investment.
Situated in the south of Liverpool, and it is well-connected to the city centre, Toxteth is an ideal location for tenants who want to be close to all the amenities that the city has to offer. Toxteth has a lot of social and economic diversity, which is another plus point for investors.There are a number of different types of properties available in Toxteth, from traditional terraced houses to modern apartments. This means that there is something to suit every type of tenant.
Smithdown Road is one of the most popular areas in Toxteth for students and young professionals, making it a great option for those looking to invest in the student rental market. Additionally, Upper Parliament Street is home to independent businesses, cafés, and bars. It’s also just a stone’s throw from some of the city’s best parks, making it perfect for young professionals and families alike.
Bootle is a great area to buy a property to let out, as it has high demand from renters and is close to Liverpool city centre. Properties in Bootle have been proven to have good rental yields, making it a wise investment for those looking to make money from buy-to-let. There are many areas in Bootle that are particularly popular with renters, such as Litherland and Seaforth. These areas offer good value for money and are close to local amenities. Our Bootle properties include Wishing Well and Wishing Well B.
The average rental price in Bootle is £725 per month, and the average house price is £110,000. That means you could expect to see a return on investment of around 6%. Liverpool City Council is investing heavily in regeneration projects in Bootle, which is likely to further increase rental prices in the future.
In Liverpool, there are numerous postcodes that offer good rental yields for property investors. The best postcodes for buy to let investment are typically those with a high demand from young professionals and families.
Some of the best postcodes in Liverpool for buy to let investment include L1, L3 and L5. These areas of the city have a high demand from renters and offer good returns for investors. There are plenty of amenities, excellent public transport links and relatively low crime rates compared to other areas of Liverpool, making them extremely popular for both renters and property investors.
If you're looking for a good return on investment, these are the postcodes you should be targeting. Contact Elavace today for more information about investing in Liverpool property.