Construction Starts on The Gateway – One of Liverpool’s Most Exciting Property Developments
World-famous Liverpool is known for The Beatles, football and an iconic waterfront. However, it also offers numerous benefits to buy-to-let investors, making it one of England’s most eye-catching property markets.
Firstly, it is possible to find cheap property for sale in Liverpool, especially compared to London. According to the HM Land Registry UK House Price Index, the average property price in Liverpool is £178,283.
In contrast, the UK average price is £292,049. Meanwhile, London property costs an average of £532,113.
Considering a new property investment? Read our guide on how to buy a house to rent out.
Home.co.uk puts the average Liverpool rent at £1,097 pcm, giving an average gross yield of 7.3%. To put that into perspective, the average rental yield for the rest of the UK is around 5.2%.
The North West is also expected to grow significantly in the next five years. Savills predicts 20.02% capital growth in the region by 2028, which could lead to a significant ROI if investors purchase while prices are low in 2024.
Still looking for informative buy-to-let content? For more UK property investment tips, check out our Aberdeen buy-to-let and Northampton buy-to-let city guides.
