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  • Buy-to-Let

    Best areas to invest in Liverpool?

    We are going up to Liverpool and are interested at looking at some property to invest in.

    If you know the area well it would be good to know the best areas to invest in and why. We're looking for good returns but want to target professionals or possibly higher end student accommodation.

    No particular budget limitations so just looking for the best spots!

    Thanks!

    Rich

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    For capital growth i'd probably look at the city centre if you want the quickest returns, for yield...

    L6 & L7 -  Kensington Fields, within 10 minutes walking distance to University. This area has felt the benefits of regeneration and is popular with groups of students wanting to live close to University and the city centre. The area is mostly traditional terraced housing and houses a mix of students and residents.

    L7 - Edge Hill

    This area is close to the city centre and within short walking distance of the University of Liverpool campus and LJMU Mount Pleasant campus. Typically the accommodation in this area is 1 and 2 bedroom flats or large shared town houses.

    Personally I invest in  Old Swan, L13, on the fringe of the city, just off the motorway, but my goal is yield in the short term and capital growth in the longer term, all of the tenants are working and I've found a large proportion of NHS workers etc and have had no problems so far

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    Hi Tom,

    That's great thank you for the recommendations!

    We're splitting our investment between yields and capital growth so are interested in both, I've only really been looking at city centre but want to expand our search.

    Thanks!

    Rich

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    I'd never been to Liverpool before I made my research trip back in Summer 2017, spent 2 days there, lovely sunny day by the waterfront, really felt the city had a buzz to it. 

    Driving in you see all of the cranes and construction going on, you soon realise it's a place that's on the up, you can see the regeneration rippling outwards from the city centre. 

    I spent a day just dring round various areas to get a feel for the different areas, seeing what was going on, what cars were parked by the houses etc.

    Go for a couple of days visit, you'll soon realise with your own eye all the fundamentals are there...

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    Hi Rich,

    Investing in Liverpool is a popular topic here at Property Tribes, and putting "Liverpool" into the search box brings up a wealth of resources and previous discussions:

    Investing in Liverpool, L6?

    Liverpool - Anfield area (L4)

    Liverpool Central

    BTL in Liverpool

    Location Spotlight: Liverpool

    Buying property in Liverpool L2 location

    A couple of points of note:

    Selective licensing is operating in Liverpool

    There are a huge number of blocks of flats being built, so the danger is in area of over-saturation.

    Although I do not invest in Liverpool myself, my tip would be a terraced house on the outskirts of the city with parking and good transport links.

    ​Hope that helps?

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    Thanks Vanessa, I'll read through the resources you've added a link to.

    As we don't live locally it is likely we would either buy a going concern or a property that would be a single let so licensing hopefully won't come into it too much. I'm never sure whether to target a house that's a bit further out or a nice apartment that is smack bang central, traditionally houses have performed much better but part of me thinks city centre convenience over time may win out. 

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    Hi again Rich,

    If that is the case, then one way you could greatly mitigate your risk is to buy a property that is already tenanted.

    This means you start with income from day one of ownership, you can see how the tenant is treating the property, and you can check the payment history that the tenant pays on time.

    This will massively de-risk buying in an area you are not familiar with.  You will know the exact rent you will receive, and you will know that there is demand, because the property is already let.

    See - Benefits of buying a tenanted property

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    Hi Vanessa

    Wouldn't you prefer to select your own tenant? To mitigate all risk of rent payments, ASB, Agreement Clauses, etc. I understand your point, but (and maybe this is because I am from Liverpool) would you trust the vendor or EA to be 100% open about any negative aspects if they are trying to sell the property.

    Always appreciate your thoughts and feedback.

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    I would insist on meeting the tenant and chatting to them and seeing how they are treating the property.  So, in a way, I would be selecting them ... but I certainly appreciate your points and they are ones to be mindful of.

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    Hi Vanessa, I hope you don't mind me jumping in here but i'm keen to purchase a tenanted property in Liverpool. Please can you share some websites or aggregators  that work solely for BTL sales? Thanks!

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