Prices From £109,950
7% NET Guaranteed
City Centre Location
Property and Invest are delighted to announce the launch of North House, a high-end residential development located in the heart of Liverpool city centre. North House is a conversion of a commercial property into 43 luxury one and two bedroom apartments. The apartments will benefit from spacious living areas, high specification fixtures and close proximity to Liverpool's key shopping and cultural districts.
The development represents an outstanding buy-to-let investment opportunity. The location and apartment design are perfectly suited to meet the high demands of the local rental market. The well appointed accommodation and key position of the development will ensure popularity and the low buy in prices and high yields of 7% NET inclusive of all fees this is a fantastic opportunity for any savvy investor.
North House is situated within Liverpool's business district and offers convenient access to Liverpool's key retail and leisure destinations along with the city's primary transport links. The location makes the development perfect for the modern urbanite.
Residents at North House will benefit from a truly spectacular urban experience. The development is located within close proximity to some of Liverpool's best lifestyle attractions from vibrant independent and high street retail to lively nightlife and fine dining. There is also a fantastic array of museums and galleries showcasing the city's mercantile past.
The apartments on offer at North House have been thoughtfully designed to make comfortable and spacious homes for tenants. Hard-wearing materials have been selected to deliver longevity and low maintenance to residents and owners. Every apartment comes with a fully fitted kitchen which inlcudes a fridge freezer, integrated washing machine, cooker, hob and extractor fan. The local private rented market consists mainly of young professionals and students looking for quality accommodation making the income potential of these apartments very attractive.
Overall Liverpool is one of the UK's fastest growing cities and a major part of the Northern Powerhouse plan. The strong demand for property has been fuelled by young professionals attracted to Liverpool as the perfect destination to live, work and play, and has driven up property prices in recent years, with Liverpool city centre displaying the fastest property price growth of all UK cities in 2016.
Breaking this down further our reasons on focusing on Liverpool are as explained, the current and potential capital growth is the highest in any city centre throughout 2016 as prices rise off a lower base. Furthermore, and key for many buy to let investors from around the world are the excellent yields achievable from Liverpool City Centre residential property. At 7% NET, these are some of the highest now out of all major UK cities and along with Liverpool's City Centre's capital growth running at over 7% year on year it is the strongest in 2016 for all UK cities.
This is supported by a thriving and growing economy as Liverpool has re-established itself alongside Manchester as the North's powerhouses.
Three main thrusts of growth are behind this success; firstly, the central Government's Northern Powerhouse programme which is investing billions in infrastructure and bringing cities together to work collectively and supporting and investing into their industries. Secondly, Liverpool's own city regeneration programme - an 8 year strategic framework which is delivering £14 billion into the city between 2014 and 2022. Thirdly, local regeneration of key areas of the city centre which were once thriving industrial and shipping centres but then abandoned. These areas such as the Baltic Triangle and historic Waterfront are seeing old warehouses converted and land redeveloped into thriving commercial spaces, leisure facilities and most needed of all, quality residential accommodation.
Projects such as the £1 billion Liverpool One shopping centre, and Liverpool Two, the new deep container port are now open and operational and providing jobs, investment and inwards flows of funds.
This is driving a growing young professional population moving into the city as well as suburban dwellers favouring the new modern city centre lifestyle. Rental demand in the centre is huge and there is a severe undersupply of property which even on current planning pipelines is unlikely to be satisfied for some years. As part of the thriving North West England economy, Liverpool is connected to global markets, with companies, such as Barclays Wealth, Sony and Jaguar Land Rover, and a £12 billion wealth management industry - the largest outside London.
- City Centre Location
- 7% NET income guaranteed
- Prices from £109,950
- Luxury 1 and 2 bedroom flats
- High quality furnishings and fittings
- Fully fitted kitchen including white goods
- Excellent capital growth projected
- Just minutes to Liverpool One, Albert Dock, Echo Arena and Central Business District