Duke Street, Liverpool: Is it Good for Property Investment?
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Reasons to Invest in Duke Street – One of the Most Popular Streets in Liverpool
If you are serious about making money in property, you must keep an eye on potentially lucrative areas. Whether you’re looking to buy a single property or build a comprehensive property portfolio, it’s crucial to zone in on different towns and cities in search of good-value properties.
A good property investment strategy may focus on particular streets that could appeal to tenants and earn a substantial profit.
Today, we’ll be looking at Duke Street — a prominent thoroughfare within Liverpool, deeply ingrained in the city’s storied Merchant’s Quarter. Its architectural splendour harks back to Liverpool’s prosperous mercantile era, making properties along this street among the most sought-after in the city.
Additionally, Duke Street is well-placed for transport links and is surrounded by plenty of things for potential tenants to do.
With Liverpool offering high yields of 7.42% on average (according to Zoopla) and an average property price of just over £174,000 (per HM Land Registry), property investors would do well to focus on Duke Street, as well as the rest of the city centre.
Discover More: If you want to know more about potentially the best area to invest in property, dive into our guide on buy-to-let in Liverpool.
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Projected annual rental income as high as £28,345 and predicted £86,929 capital growth by 2030. Interested?
Enquire about Fox & Foundry today, our latest addition to Liverpool’s fastest-growing regeneration area, with prices from £189,950. Growth prediction based on North West projected capital growth, Savills.
Great Location in the Heart of Liverpool City Centre
Duke Street offers an optimal location for Liverpool’s burgeoning tenant population. Within a mere 15-minute walk, residents can access revitalised hubs such as the Liverpool One shopping centre, Liverpool Waterfront, the Baltic Triangle, and the Knowledge Quarter.
At the same time, the convenience of Liverpool Central, a key underground train station, is just a seven-minute stroll. Adding to this accessibility, the Liverpool One Bus Station sits conveniently at the foot of Duke Street, providing connections to areas beyond the city centre. For broader travel needs, Lime Street Station is only a 15-minute walk away, allowing for journeys to various destinations across the UK.
It is no surprise that Sony subsidiary Firesprite moved its base of operations to the top of Duke Street, now occupying the Duke & Parr Building, which can accommodate more than 400 staff.
It is also worth mentioning that Duke Street is well-placed in the heart of Liverpool’s nightlife. The street runs parallel to Parr Street, Seel Street and Wood Street, where many of the city’s most popular bars and clubs are located.
Adjacent to Duke Street is Slater Street, which also boasts numerous popular pubs and bars, including the iconic Jacaranda and the new favourite local haunt, The Red Lion.
In addition, a short walk to the top of Duke Street takes you out onto Berry Street, right next to Chinatown, where some of the city’s must-try restaurants are located.
Further Reading: Why not learn more about how to invest in property in 2024 with our free guide?
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Property Investment Opportunities on Duke Street: The Mercantile
The Baltic Triangle and Knowledge Quarter may receive plenty of plaudits for their property investment opportunities; Duke Street also offers buy-to-let investment options.
Earlier this month, The Mercantile became available on the market and is set to bring a high standard of living to the area.
Situated on Lower Duke Street, the Mercantile features 32 apartments suitable for both live-in buyers and rental investors, with the option to enlist the expertise of Legacie Management and Lettings for added convenience.
This development promises to epitomise modern urban living, providing upscale residential spaces to attract discerning tenants and potentially yield lucrative rental returns.
Learn more about buy-to-let property investments with some of our area guides, including:
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