X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Buy-to-Let

    Liverpool - L3, burlington street

    Hi

    I am thinking of buying a new build off Burlington street with car park within the enclosed grounds. Has anyone bought or invested in that area?  I have put a deposit down but as the sale has dragged on, I am having second thoughts. I have managed to secure over £10k discount to include car park space and furniture pack. I went there the other day but noticed that the area seems a little run down with plenty of parking outside, there was only one car parked on the streets!  It probably takes about 25 minutes to walk into the centre. There here seems to be a lot of supply in Liverpool. The used flats just do not seem to be shifting in Liverpool. Everyone keeps saying to invest in Liverpool but I just can't see where the demand is coming from. It isn't like Manchester where people need to live there to work. Liverpool looks like a great city to live in with plenty of shops, cafes and restaurants. I can't see the capital growth there with new builds going on. One estate agent did say it would take a while to see the capital growth due to the supply.  Some of the new builds with guaranteed rent have not even filled to 100% capacity. These flats are in wolstenholme and Georgian quarters in l8. Will Liverpool turn out like Leeds with over supply of flats?

    Thoughts from anyone who knows Liverpool quite well?

    0
    0

    Personally I think Liverpool is over supplied and I can't be the only one receiving emails almost on a daily basis with BMV new developments in L1.

    0
    0

    I noticed the student flats are not doing too well with investors either breaking even or losing a little, only gaining from the rent.

    So I could walk away and lose the £5,000 reservation fee. I do think it won't be easy to sell these flats on in the future. Once Liverpool stops building, we may see growth. I dont  think there is much going on in L1 now. Is spreading out to L3 and beyond.

    Manchester is getting too expensive too.

    0
    0