North House offers fantastic opportunity for Liverpool Property Investment
Liverpool has long been famous as the home of The Beatles and more recently as the home of a premiership football team. It is now an increasingly attractive destination for home buyers and investors, who come for its vibrant local economy, high quality of life and excellent transport links.
While the city’s growth has brought many benefits, it has led to a noticeable undersupply of accommodation for renters and younger buyers, which North House, a new development by Hopwood House, is intended to address. With an estimated completion date of Q3, 2018, North House is located in one of Liverpool’s most desirable postcodes and will comprise 43 one and two bedroom apartments.
Luxury and convenience for residents
North House Apartments in Liverpool will contain spacious living areas and fully-fitted kitchens, together with high-specification fixtures. The one bedroom apartments (£109,995) cover 35 square metres and the two bedroom apartments (£159,950) cover 50 square metres. The former are ideal as starter flats and the latter are suitable for smaller families (or those thinking about starting one in the future).
Both the one bedroom and two bedroom apartments are excellent investment options, tapping into the demand both from young professionals and from students at the University of Liverpool, Liverpool John Moores University and Liverpool Hope University as well as the Liverpool Institute for Performing Arts (LIPA). Investors could realistically expect a net yield of 7%. North House is located within walking distance of Liverpool One Shopping Centre, along with James Street Station, Lime Street Station and Albert Dock.
Continued development bodes well for capital growth
Liverpool’s economy has been growing steadily since the mid-1990s, with initial growth focusing on the service sector, tourism and culture, particularly the entertainment industry, which has used Liverpool as a “double” for cities as diverse as Moscow, New York and Rome. The traditional shipping industry has adapted to these modern developments, for example by creating a new cruise liner terminal, close to the Pier Head and thereby making it possible for cruise ships to dock in the city centre, which is highly unusual and much appreciated by the city’s many visitors.
Liverpool has maintained and developed its manufacturing industry (for example at the Jaguar Land Rover Halewood plant) and is also becoming a centre of the knowledge economy as evidenced by the success of the Liverpool Knowledge Quarter. In short, Liverpool is growing and its housing supply needs to grow with it, hence investors and private buyers who move quickly can expect meaningful returns.
Transport connections and digital connections make Liverpool an attractive business location
These days, a lot of knowledge workers can work on a purely digital basis, while many more can work digitally for a significant percentage of the time, but do still need to travel for some of the time. For these people, Liverpool is a superb place to set up a base since it is affordable, green and has both good schools and an excellent range of leisure amenities as well as excellent transport links to other parts of the UK and overseas.
For more information on North House Apartments or property investments in Liverpool please contact Hopwood House.
