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  • Buy-to-Let

    Investing in Liverpool, L6?

    hi ev1, looking to buy a BTL in Liverpool ,L6.

    Looking for advice from Liverpool tribes if there are any areas or street to avoid in L6 and what kind of rent can one expect for a 3/4 bed terrace.

    Thank you in advance

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    Hi Az,

    L6 (Like a number of post areas in Liverpool) can be diverse.

    Properties south of Breck Road can attract challenging customers. (So please don't be taken in by EA promising high yields)

    IF you can attract the correct/eligible tenancy, you can attract 525 (3 based on LHA) and 675 (4 based on LHA)

    Privately, you may attract these figures but there would be more variables. (Condition, Street, etc, etc)

    I assume you are not looking at the HMO option to maximise income? (Which maybe wise)

    Richard.

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    Hi Richard, I agree, HMOs are very Popular in this area, good selection of Properties to go for.

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    Hi Richard, am not familiar with Liverpool , however there is property Stoneycroft ,off Green Lane , its 4 bed terraced up for £100k. Is it worth the money? Are you familiar with this area? Appreciate your thoughts and comments . Thanks in advance

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    Hi Az.

    Yes I am familiar with the area. Green Lane has very good links and local amenities. (School, shopping, access city centre)

    Initial thoughts, 100k on a 4 bed. Has potential.

    Though I would of course need to know;

    Condition of properry?

    What is your plan to LET the property. Single LET or HMO or example.

    Have you inspected the property yourself?

    High level response, has promise.

    Richard.

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    Hi, L6 Have a Mixture of 3 Area's, Kensington, Anfieild and Tuebrook.  Personally, out of the Three, I would keep further down Tuebrook, from the Police Station down to the Muirhead Roundabout, I only say this because Im trying to make you aware of the types of tenants you might be attracting.  In my eyes, doesn't matter what area I invest in, as long as I Screen the Tenants and find the right ones, and also if its a good investment, you should bear that in mind.  2 Bedroom Properties in L6 for a 2 Bed go from £53,000 to £67,000,  3 Bed start from £95,000 to £110,000. 4 Bed from£130,000 to £150,000 The Rent can range from £475 to £575 in this area.  4 Beds in tuebrook can Rent up to £575 to £625 depending on the type of Property, Tuebrook have some old Victorian houses which do go for more.  Green Lane is a Nice area too.  I could go on all night about these areas because this is where I invest, 


    I hope this helps

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    Hi, am sorry don't know ur name to address you by. I wonder if i can ask your opinion on a property that i have seen just off Green lane in Stoneycroft. Its a 4 bed terraced.

    Would like your opinions on that area please.

    Thanks in advance

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    HI Az,

    There has been some good advice from previous PT members who obviously know the area.  The only things I would add are:

    1.  Avoid mini-mo's.  There is a vast oversupply in L6, L7 and L8.  Many are poor quality and are being sold by sourcing agents selling an unrealistic dream to out of area newbies who often pay over the odds.  You can make a good go of larger HMO's but be aware of the LCC LL licensing scheme and an increasing Article 4 area.

    2.  Consider SA, particularly around Liverpool FC, but only if you can hook up with a local team who will manage it for you without destroying your net yield.  It is a "bit of a thing" in the area at the moment and rooms seem to be letting very well, delivering a strong yield.

    Good luck with your plans.  Investors can get a great return if they buy the right property in the Liverpool City Region at the moment.

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    Andrew McCausland

    Managing Director Hamilton Square Estates Ltd

    Proprietor Wirral Property Group

    Sourcing and renovating investment property since 1994


    The vast supply of mini mos in the l7 area had  worked out great for me . I purchased a 3 bed new build EOT for 86k i was the only single let available  and was on the market for 4 days  had loads of intrest just let at £650 pcm.  I wasnt sure at first how well a single let would do in amongst loads of student rentals but i guess the lack of them is great as competition is basically non existent.

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