The North West of England has long been recognised as a region ripe with investment potential, particularly in the realm of buy-to-let properties. With its bustling cities, vibrant cultural scene, and growing job market, this region presents an attractive prospect for both seasoned and aspiring landlords. In this blog, we will delve into the reasons why investing in buy-to-let properties in the North West can be a smart financial move.
One of the key factors driving the popularity of buy-to-let opportunities in the North West is the high rental demand. Cities such as Manchester and Liverpool are thriving hubs for young professionals, students, and families. The region's top-ranking universities and thriving industries, including media, finance, and technology, attract a constant influx of tenants seeking quality rental accommodation. This sustained demand ensures a steady stream of rental income and reduces the risk of void periods, making it an ideal investment choice.
Compared to other parts of the UK, the North West boasts a relatively affordable property market, making it an attractive option for both first-time and seasoned investors. The region offers a range of properties, from city centre apartments to suburban family homes, catering to various tenant preferences. Additionally, the potential for capital appreciation in the long term is promising, as urban regeneration projects continue to enhance the appeal and value of the region. The combination of affordable entry prices and potential for growth makes buy-to-let investments in the North West a compelling opportunity.
The North West of England has experienced significant economic growth in recent years, with cities like Manchester having become major regional powerhouses, attracting investment from national and international companies. The expanding job market, coupled with the region's numerous infrastructure developments, including the HS2 high-speed rail project, further boosts the economy and increases rental demand expanding toLiverpool. Investors can capitalise on this growth by securing buy-to-let properties in strategic locations, ensuring consistent rental income and the potential for long-term appreciation.
Set to generate 5800 extra jobs by the end of 2023, Liverpool is seeing an incredible increase inits economy and the rate of investment across all sectors. Capitalising on this, here at Elavace we have some of the best property opportunities on the market within walking and commuting distance of the city centre.
Based beside the River Mersey, Cavendish Waters offers 70 buy-to-let 1, 2 and 3-bedroom apartments, with typical rental yields of 6%. Featuring as a focal point, the development sits closely within AlbertDocks and the brand new, state-of-the-art Everton stadium. With prices starting from £154,000, this is a fantastic opportunity for new or seasoned investors looking to grow or start a portfolio in the North West.
Working with ethical property developers Integritas Property Group, we’re able to offer another amazing opportunity at Bastion Point. With the first two phases of the development already underway, we are thrilled to announce a third phase is imminent with the acquisition of attaching land. With a short 15-minute walk into the city centre, typical rental yields will see a high of 7.5%.
With the property market in such high demand and the influx of investment pouring into infrastructure, jobs and sectors, Liverpool is a lucrative opportunity as its regeneration continues. To find out more about the area, economy, and projects, get in touch today with a member of the Elavace team. We’re waiting to start your journey hand-in-hand.