This article will help you discover the best rental property deals in Liverpool. We'll provide all the information you need on why Liverpool is a great place to rent property, the available accommodation options, and the city's regeneration and waterfront areas.
We'll also discuss up-and-coming areas like Toxteth and Bootle that are worth considering while searching for your ideal rental property. Finally, we will give you a glimpse into the future of Liverpool's rental property market.
Vital Statistics for Investors in Liverpool
- GVA growth in this location is predicted to surpass all others in the North West by the end of 2024, reaching £14.4 billion.
- As the UK's fifth-largest metropolitan area, Liverpool's current metro area population is 917,000.
- The wider catchment area puts 2.5 million people within reach, of which 1.4 million are working age.
- The Liverpool City Region is one of the UK’s leading financial centres.
- Tech Nation gave the city a 79% rating for Tech Sector Growth Potential, predicting it as a hub for tech growth.
- Liverpool’s Housing Market is Attracting Buyers Despite the UK property market having a slight slump in 2023, house prices in Liverpool increased by 1.3% in November 2022.
Best Liverpool Rental Yield - Rental Yield Expectation for 2023
According to a report by TotallyMoney, Liverpool has some of the highest rental yields in the UK. Here are some key statistics:
- The L1 postcode in Liverpool tops the list with a potential 10% return on investment and a current asking price of around £90,000.
- The L11 postcode covers Croxteth and Norris Green and ranks fourth in the top 25, yielding 8.67%.
- Other Liverpool postcodes in the top 25 include L6 (8.12% yield), L2 (7.56% yield), L3 (7.40% yield), and L4 (7.13% yield).
These figures are from 2019/2020 and may have changed since then. Source: TotallyMoney
Best Rental Yield Liverpool
The data used in this analysis was sourced from PropertyData. PropertyData provides comprehensive real estate data for various cities in the UK. The data pertains to property prices, rental yields, monthly sales, and average sold price per square foot for different postcode districts in Liverpool.
Finding the Best Opportunities - Rental Property Liverpool UK
Liverpool's thriving property market offers many options catering to diverse tenant requirements and budget constraints. To discover your ideal property in Liverpool, thorough research is crucial. You can begin by exploring the city's various suburbs and neighbourhoods to shortlist locations that meet your needs and preferences.
As one of Europe's most dynamic cities, Liverpool is a great place to invest in buy-to-let properties or make a property investment due to its excellent capital growth potential. Besides its robust demand and high yields, Liverpool boasts picturesque waterfront areas like Merseyside docks and superb regeneration projects like the Knowledge Quarter.
Please don't start with the primary key term' rental property Liverpool', but you can use vital secondary words such as 'Liverpool properties,' 'property investors,' 'capital growth,' or 'Birkenhead' to help you further. A virtual property tour can also be a great way to showcase the property to potential tenants.
Why Liverpool is a Great Place to Rent Property
Liverpool is a fantastic location to search for properties. The city boasts a vibrant culture and excellent quality of life for renters. Its several universities make it an attractive destination for students and young professionals. Additionally, Liverpool has a robust market with high demand for properties, making it easier to find your ideal space. Compared to other major cities in the UK like London or Manchester, Liverpool's property prices are relatively affordable.
You can use the services provided by reputable estate agents in Liverpool to get the best deals possible on buy-to-let or investment properties. With its strategic location along the River Mersey waterfront and upcoming regeneration projects around the docklands area, there's a high potential for capital growth and rental yields in Liverpool's property market.
Buying Property in Liverpool - Accommodation Options in Liverpool
Liverpool offers various accommodation options for renters at different price points. From apartments and houses to rooms for rent, there is something for everyone in this vibrant city.
When selecting a property in Liverpool, keeping the location and its proximity to local amenities and public transportation in mind is essential, especially if you're looking for a property on the ground floor. With flexible lease terms like short-term or month-to-month rentals available, tenants have the flexibility they need.
Rental Properties Liverpool City Centre
Whether you are a student looking for affordable off-campus housing or a young professional searching for your first apartment in Liverpool's city centre, you will find many options that suit your needs. The city has seen significant regeneration over the years, with waterfront areas like Baltic Triangle and Aigburth attracting more residents. Liverpool's waterfront, a UNESCO World Heritage Site, is a popular tourist destination and a great place to live.
Liverpool's Regeneration and Waterfront Areas
The transformation of Liverpool's docklands into a vibrant destination has made fantastic property deals available. It is important to note that investing in properties near Liverpool Hope University can also increase your property value.
In addition to the excellent properties on offer, there are many new shops, restaurants, and cultural attractions in the Southport area due to the regeneration efforts. Liverpool ONE is an open-air shopping complex featuring over 170 high-street brands, designer boutiques and eateries, while Liverpool Wheel offers stunning panoramic views of Merseyside. The Echo Arena hosts top live entertainment events throughout the year.
Docklands is emerging as a trendy location with excellent amenities and transport links, including a train station. This means it attracts tenant interest across Liverpool and people moving here from London or Manchester. Property investors looking for buy-to-let opportunities should consider postcode areas around the Baltic Triangle or the Knowledge Quarter of Liverpool city centre for higher rental yields.
More Liverpool Postcodes to Consider for Rental Properties
Liverpool is an excellent destination for anyone looking to invest in property. When considering the purchase of rental property, Liverpool investors should look at certain postcodes with higher rental yields than others. Postcodes like L7, L15, and L6 are close to universities and the city centre making them very popular with students and young professionals. This popularity ensures a steady stream of tenants resulting in long-term passive income streams for landlords.
Researching the local market is very important before investing in any area of Liverpool but choosing any of these postcodes, Crosby, will give you excellent capital growth potential. As one of England's most vibrant cities on the waterfront with beautiful regeneration projects like the Baltic Triangle and Liverpool One, you can be sure your investment property will increase in value over time.
What Makes Liverpool a Better Investment than Birmingham or Manchester?
Investing in Liverpool's rental properties is bright due to its growing population and strong economy. The city has affordable property prices compared to other major UK cities, and several universities, including higher education, provide a steady stream of student renters. Significant regeneration and infrastructure projects have also driven property demand, making the return on investment high.
How to Be a Successful Landlord in Liverpool
Liverpool is an excellent destination for buy-to-let investors looking to profit from rental properties. One of the most crucial aspects of being a landlord here is maintaining good tenant relationships and promptly dealing with any issues arising during their stay. Investing in buy-to-let rental properties in Sefton can provide you with long-term passive income and potential capital appreciation, making it an ideal choice for those who want more stable returns on investment.
Apart from this, choosing the right location and property type can also significantly impact your rental yields. Postcodes like L7, L15, and L6 have a high demand for rental properties due to their proximity to universities and the city centre, attracting students and young professionals and providing a steady stream of tenants. Allerton is another popular area for rental properties due to its proximity to Calderstones Park and the Allerton Road shopping district.
Moreover, Liverpool's property prices are more affordable than other major UK cities such as Birmingham or Manchester, marking Knowsley as one of the best choices for investors seeking high returns without much risk in the metropolitan area.
As a landlord, you should also note that maintaining good tenant relationships can help keep consistent rental yields while ensuring maximum occupancy rates for your investment property.
Licences for landlords in parts of Liverpool
Starting from 1st April 2022, Liverpool will implement a new landlord licensing program that applies to 16 wards across the city. One.
- Licences for landlords in parts of Liverpool: A new selective landlord licensing scheme in Liverpool, covering 16 of the city's wards, started on 1st April 2022. This section provides information on who needs a licence and how to apply.
- Houses in Multiple Occupancy (HMO): The property owner, manager, or managing agent ensures a property has a valid HMO licence.
- Support for Landlords: This section aims to improve communication between landlords, property managers, and the council.
- How the Council Monitors Conditions: This details how the council monitors the condition of local private-sector housing and the enforcement action it takes.
- Search the Register of Licensed Properties: A tool to determine if a property has been granted an HMO licence.
- Minimum Energy Efficiency Standards: Information on how to check a property's Energy Performance Certificate (EPC) rating, what private landlords can do to make improvements, and how to get help from the council.
Visit the Government Website to find out more about Landlord Licencing in Liverpool.
Off-Plan Property For Sale Liverpool
Off-plan properties often come with a lower price tag than completed properties and offer the potential for significant capital gains by the time construction is finished. Plus, you can customise certain aspects of the property to your liking.
However, it's essential to carefully research and choose reputable developers and developments to avoid any potential risks or delays. Here are some of the properties listed online:
- Jellicoe Gardens by Bellway: This is an elegant collection of 2, 3, and 4-bedroom homes just half a mile from Moreton town centre. Prices range from £266,995 to £365,995.
- Ashberry at Jellicoe by Ashberry Homes: This collection of 2, 3, and 4-bedroom homes in the sought-after area of Moreton in Merseyside. Prices range from £219,995 to £323,995.
- Sundial Place by Barratt Homes: Sundial Place is a luxury development of 2, 3, and 4-bedroom homes. Prices range from £220,000 to £350,000.
- Summerhill Park by Persimmon Homes: This development sits on the edge of Maghull, a famous town with a good selection of shops and essential services. Prices range from £187,995 to £379,995.
- L6 Apartments by RWinvest: This is a brand-new development in the heart of Liverpool city centre. Prices start from £92,950.
These are sales prices, not rental prices. I recommend checking the listings directly on the New Homes For Sale website for the most accurate and up-to-date information.
Toxteth and Bootle: Up-and-Coming Areas of Liverpool
Toxteth and Bootle are emerging as strong contenders in Liverpool's property market due to their affordable rental options and potential for high returns on investment. With ongoing regeneration projects driving up the demand for rental properties in these areas, they have become increasingly popular among renters and buyers.
Located within proximity to Liverpool's bustling city centre and benefit from an increase in public transportation options thanks to new infrastructure projects such as train stations and docklands connections along the River Mersey waterfront area, Toxteth and Bootle also boast higher-t
By the end of 2024, annual GVA growth is predicted to be higher than all other locations in the North West, reaching £14.4 billion. Han-average rental yields compared to other parts of the UK. Property investors who want to maximise their return on investment should consider purchasing a buy-to-let investment property here.
Frequently Asked Questions
What are some key factors when searching for a rental property in Liverpool?
When searching for a rental property in Liverpool, it's essential to keep your budget in mind and find a location that is easily accessible. Please check the property's condition to ensure it meets your needs, and research the landlord or agency to ensure they have a good reputation.
How can I negotiate a better rental agreement with a landlord or property manager?
Research the current market and comparable properties to understand pricing to negotiate a better rental agreement. Communicate respectfully and clearly with the landlord about concerns or requests. Consider offering a longer lease or paying rent in advance for a discount, and be open to compromise for a mutually beneficial agreement.
Do you have any resources or websites to help me find Liverpool's best rental property deals?
Absolutely. Multiple online resources like Rightmove, Zoopla, and OnTheMarket can help you find great rental property deals in Liverpool. Working with a local real estate agent who knows the market can also be helpful. Before finalising any decision, carefully research and compare prices and amenities to ensure the best deal.
What are some tips for making sure my rental property is safe and well-maintained?
Please research the landlord or management company to ensure a safe and well-maintained rental property. Please thoroughly review the property before moving in and quickly report any damages or potential safety hazards. Please verify that all safety equipment works correctly and quickly communicate maintenance needs to the landlord.
Conclusion
Liverpool is a city filled with opportunities for those looking to rent a property. With its rich history, vibrant culture, and numerous regeneration projects underway, Liverpool has so much to offer. There are many accommodation options, whether you are a student or a professional. As the city continues to grow and develop, investing in rental properties in Liverpool has proven to be an intelligent choice for many.
