Liverpool flagged as UK’s top buy to let hotspot, as new development brings world-class living standards to the North West.
New data from Private Finance has revealed that Liverpool (along with Nottingham) is the best city in the UK for buy to let property yields. Already a favourite with property investors thanks to its rising prices and extensive regeneration work, the North Western city has now been flagged as enjoying average net rental yields of 6.2%
The Private Finance report highlights the importance of choosing investments carefully in order to overcome recent changes to the tax structure for buy to let landlords. As such, all eyes will be on Liverpool’s property market during 2018, as investors seek to maximise their returns in the UK’s most profitable city.
The potential for capital gains in Liverpool also looks promising for 2018, based on the city’s performance over the past year. House prices have risen by 5.51% according to Zoopla data, while over the last five years they have increased by 28.34%.
Driving part of this growth is the extensive regeneration work being undertaken, with developments like Ten Streets and the Jennifer Project creating popular new districts for those looking to rent and buy in Liverpool.
Thrown into the heart of this hotbed of economic opportunity is a stunning new development known as The Tannery. Taking its name – and the inspiration for its creative exterior – from the former Tannery on the site of which it is being built, the development will provide 106 studio apartments, 136 one-bedroom apartments and 139 two-bedroom apartments, all designed to offer world-class living facilities and raise the bar for Liverpool’s rental accommodation.
Set in the premium L3 postcode area, just to the north of the city centre, The Tannery will be home not only to bright, spacious apartments, but also a high-end gym, a communal courtyard and roof garden for socialising and entertaining and secure underground parking with lift access. Just a mile from Liverpool ONE, the apartments provide superb access to the city’s amenities, as well as offering modern homes as part of a thermally efficient development.
These iconic residences offer a quality of living that is synonymous with the world’s greatest capital cities, heralding a new era for Liverpool’s property market. The Tannery has been designed to allow investors to maximize their returns by investing in the most exciting new development in the UK’s most profitable city. Demand is expected to be spectacular.
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