With figures from the Royal Institution of Chartered Surveyors revealing that demand for rented property in the United Kingdom has increased at its fastest rate since Q4 2008, UK buy-to-let property investment is once again an income generating opportunity for investors.
So where is a profitable place to invest?
The Times Property Supplement named Liverpool as the no.1 location for buy-to-let investment in the UK.
Well Liverpool is home to almost half a million people and is considered one of the largest and fastest growing UK economies outside of London.
The Association of Residential Letting Agents (ARLA) has also stated that there had been a surge in the number of landlords buying properties in Liverpool over the past 12 months.
Further more recent figures from property search website Zoopla have revealed that the city of Liverpool offers investors one the best rental returns in the UK.
A few factors that led to the growth in demand for Liverpool’s rental market is the European Capital of Culture status and the rapid growth of 3 universities.
Therefore the demand for buy-to-let property in Liverpool is on the rise with many landlords now searching for below market value apartments for sale so they have the possibility of profit from capital growth as well as the rental income.
Below Market Value Apartments in Liverpool
Exclusive to London-property agent, Experience International, a new range of Below Market Value apartments for sale have been launched to answer to the demand for buy-to-let property in Liverpool.
Located around 1 mile from Liverpool City Centre the BMV apartments for sale are available 20.06% below RICS value, enabling investors to secure high capital growth potential. The residential development comprises of 60 spacious 2 bedroom (689 sq.ft) apartments arranged over 16 storeys, and set within a private gated community.
“Due to the success of a similar project launched last year, we’re pleased to launch this new below market value buy-to-let investment,” Steven Worboys, MD of Experience International commented. “The prime location of these apartments coupled with the 2 year rental assurance in place makes this investment low-risk and profitable for those looking to enter the UK’s property market.”
Due to the close proximity to the vibrant city centre of Liverpool, these apartments provide the perfect opportunity to capitalise on the surge in demand for rental in the area. Each apartment is sold on a long leasehold basis for a period of 125 years for the price of £59,950 per unit; this is a lot less than similar apartments are selling for in say London and other UK cities.
Investors will receive a 2 year 10% Net rental guarantee of £5,950 per annum, as the apartments will be rented for around £500 per month.
A highly desirable location for families, commuters and young professionals, these buy-to-let apartments will be delivered fully-refurbished and finished to a high quality standard.
What’s more, the chosen Management Company is one of Liverpool’s longest established agents and was awarded the Sunday Times Silver Award for Best Block Management 2012.
A truly hands-off property investment, these BMV apartments enable investors to receive returns from a low-risk UK property investment.
In conclusion the low property prices compared to London combined with strong rental demand and strong rental income means that there has never been a better time to invest in Liverpool buy-to-let property. And if investors can acquire below market value apartments the investment becomes even more attractive.