Where should you invest in student property in Liverpool?
Students have a choice of accommodation in Liverpool and therefore if you choose to invest in property in Liverpool, location will be key
The L1 post code covers much of central Liverpool. Property prices in this postcode have been soaring, indicating an increasing desire to live in this area. The average property price between 2011 – 2014 was £85,000, but between 2014 – 2015 this shot up to £120,000. Student accommodation in this postcode not only benefits from being close to restaurants, bars, transport links and shopping centres such as Liverpool One; but L1 is also within easy reach of many university campuses.
Generally, the more central you are the higher the demand for property. Due to the demand of living in such a prime location, properties can command higher rents, which makes £student property investment here more sustainable in the medium term.
One property that occupies a prime central Liverpool location is Granite House. Granite House is a distinguished Grade II listed building on Stanley Street in central Liverpool that will be renovated so that its unique original features will be reinstated. The development will comprise 39 high quality studios with en-suite bathrooms and integrated kitchens. Onsite there will also be communal spaces such as breakout rooms. Granite House is located near to many of Liverpool’s university campuses (the Liverpool John Moores Copperas Hill campus and Liverpool Hope University campus are less than a mile away).
Not only is it close to university campuses, but students who decide to have a night out in Liverpool will not have a long journey home, the Cavern Club is on its doorstep, as are a host of other nightclubs, bars and pubs. For those who prefer to spend their downtime in a calmer manner, there are plenty of museums to explore and theatres close by.
“Liverpool has a huge student population, and Granite House is a fantastic opportunity for investors to capitalise on the need for accommodation” says investment director at One Touch Property, Arran Kerkvliet. “It’s in an ideal location, and the studios will be furnished to an excellent standard, both of which are conducive to high occupancy rates in the long-term, positively affecting rental yields.”
According to a Savills market report released in October 2017, student accommodation investment has been “strong for a number of years and is expected to remain so for some time. Well located schemes provide a relatively low risk investment with an expectation of a sustained rental income stream and rental growth”.
Investors can take advantage of this £L1 student accommodation investment opportunity from £69,303, and an 8.3% rental yield is assured for two years. What is more, investors will start generating income from as early as September 2018. As the building will be fully managed, it will suit the busy investor who cannot spare the time to oversee every day maintenance of the facility.