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Liverpool offers "unrivalled" rental yields

Tuesday 09 October 2018

Liverpool has once again been highlighted as an ideal destination for buy-to-let landlords offering rental yields of up to 12 per cent.

Properties cost on average 4.8 times more than the typical annual salary and offer an "unparalleled" earnings to house price ratio, claims Mark Burns, managing director of property investment firm Hopwood House.

Property prices in are also relatively affordable compared with other major UK cities, and with an average house price growth of 5.9 per cent last year, he sees Liverpool as “the ideal location for buy-to-let property investors looking for lucrative long-term rental returns”.

“Liverpool offers some of the most profitable rental yield returns in the country, with three Liverpool postcodes ranking in the top 10," he said.

“The L7 area of Liverpool, located just outside the busy and energetic city centre, offers unrivalled yields of up to 11.79 per cent.

"Areas elsewhere in Liverpool can offer rental yields anywhere between 11.52 per cent and 9.36 per cent.”

Plans for the Northern Powerhouse scheme, designed to rival London and the South East as the main driver of economic growth in the country, by pooling the strengths of the cities and towns of the north as one cohesive unit, are also expected to support the housing market in Liverpool as well as boost the wider economy in the city.

Mr Burns added: “Liverpool is set to benefit from 10,000 new properties and two million square-feet of office space due to the redevelopment proposals set out by the city council.

“The new office space available is expected to attract a substantial number of young business professionals to the area while the new properties available are a perfect opportunity for investors looking to enjoy long term rental returns.

“Liverpool is most certainly one of the most beneficial and profitable places for property investment at the moment, especially in the buy-to-let sector.

"Cheap house prices and attractive yields allow investors to enjoy long term lucrative returns whilst the growing population of young professionals and the number of properties available on the market make it a straightforward investment with fewer risks than investing in other larger UK cities.

“The Northern Powerhouse initiative and the city’s extensive transport networks make it both refined and accessible for both tourists and locals.

“Liverpool is set to continue growing and thriving in years to come, making it an ideal investment opportunity for investors looking to expand their property portfolio.”

Richard Truman, Head of Operations at Simple Landlords Insurance, added: “We see a lot of data from a lot of sources about the best and worst areas of the UK for buy-to-let investors, based on different criteria. Liverpool comes up time and time again. Just remember to do your own research and due diligence before you consider any investment.”

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