In the UK, demand for rented accommodation is at an all-time high, and the North of England is no exception. One of the most up and coming cities in the North is Liverpool, and buy to let investors would do well to choose this particular city to enhance their portfolio.
Recent research has shown that Liverpool has the highest rental yield for landlords in the country, due to a combination of low house prices and decent rental charges. Along with a high student population and a city enjoying economic investment, it is no wonder that Liverpool is a hot spot for buy to let properties.
If you are relatively new to property investment, why not get in touch with a company specialising in property management in Liverpool who can give you all the help and advice you might need in managing your property and tenants. But why would people want to move to Liverpool? What does it have to offer? You might be pleasantly surprised to find out…
Liverpool is an historic port town, and there are regular ferries to Ireland and the Isle of Man. In addition, the city has excellent rail links to the rest of the UK, as well as its own underground rail network. Nearby, Liverpool John Lennon Airport handles over 5 million passengers every year and flies to over 60 worldwide destinations. Liverpool is also well connected by road to Manchester, Yorkshire and North Wales.
The Cultural Capital Of The North
The city has a wealth of museums and galleries to discover, from the well-known Tate Liverpool and World Museum, to the newer exhibits like the British Music Experience. You could visit a different attraction every day for a month and not get bored! Many of the museums, such as the Merseyside Maritime Museum and the International Slavery Museum are even free to get in. Liverpool is also a theatre lover’s dream, with plenty of venues for live entertainment.
Liverpool houses over 2,500 buildings which are listed, including many Grade 1 buildings in the historic Albert Dock. The Royal Liver building, which is an iconic Liverpool landmark, is located at the Pier Head, which has been designated as a UNESCO World Heritage site. Liverpool is also home to the UK’s largest cathedral, the Liverpool Anglican Cathedral.
Green And Pleasant Land
Despite the hundreds of beautiful buildings within Liverpool, it has a huge number of parks and gardens throughout the city, built in Victorian times for the city’s workers. One of the largest, Sefton Park, contains the Palm House, a grade II listed building housing many statues of famous people, the Eros fountain, a boating lake and cafes.
Liverpool is a major university town, with a student population of over 50,000. The four main universities are the University of Liverpool, Liverpool John Moores University, Liverpool Hope University and the Liverpool Institute for the Performing Arts (LIPA) and students come from all over the world to attend these prestigious establishments.
Plenty To See And Do!
There are hundreds of restaurants, bars and cafes in Liverpool, making it a popular social destination. The local football teams Liverpool FC and Everton FC also draw huge crowds, and the rivalry between the two clubs is well known. The city centre is home to a huge selection of stores, from high end shops like Harvey Nichols to bohemian boutiques. Liverpool One is a large shopping centre in the centre of the city which is very popular with residents and tourists alike.
With so much to offer, Liverpool is definitely somewhere to invest in buy to let property.