A Guide to Georgian Quarter and its History of Redevelopment

At the heart of the Georgian Quarter Liverpool postcode and nestled between the Anglican Cathedral and Liverpool Metropolitan Cathedral lies Hope Street. Hope Street is a big part of both the Georgian Quarter and Liverpool as a whole, viewed as one of the city’s top visitor destinations. Following £2.9 million worth of investment in 2006, Hope Street was the proud winner of the Academy of Urbanism ‘Great Street Award’. Then, in 2014, the street was also awarded the Stirling Architectural Prize for the renovation of Liverpool’s Everyman Theatre, shining both the city and the street in a highly positive light. Before Hope Street’s regeneration, the area was one of the city’s most high-end residential neighbourhoods. Today, while the street is still very much a residential area, it’s now filled with a whole host of top restaurants, bars, hotels and luxury apartments.

Some stand out names include fine dining restaurants 60 Hope Street, the London Carriage Works and the Liverpool Art School. Whereas, those looking for a more laid-back bite to eat can enjoy venues like Death Row Diner, a fast-food restaurant, and Fredericks, a chic bar serving up tasty Sunday roasts and top cocktails. Due to the presence of theatres like the Liverpool Philharmonic Hall and Liverpool Everyman and Playhouse, a lot of restaurants in the Georgian Quarter brand themselves as pre-theatre spots, offering set menus to enjoy before seeing a show.

Within the Georgian Quarter area lies the Liverpool Knowledge Quarter. The Knowledge Quarter is one of Liverpool’s biggest and most expansive regeneration schemes of recent years, having seen a whopping £1 billion worth of investment with plans for even further expansion in the coming years. Popular with graduates, students, and young professionals, the Liverpool Knowledge Quarter is based in proximity to the University of Liverpool and Liverpool John Moores University campuses.

As the name suggests, the area is a prime spot for learning and innovation, home to developments like Liverpool Bio-Innovation Hub, Liverpool Science Park, and the upcoming new Royal College of Physicians. Amongst the educational facilities in the area, the Knowledge Quarter and Georgian Quarter have also become fashionable social hang-outs thanks to independent bars and restaurants that provide relaxing dining and drinking experiences.

Due to the overall appeal of the Liverpool Georgian Quarter, it’s likely that the best type of buy to let investment to consider would be a residential investment. Graduates and young professionals, particularly those with a more luxurious lifestyle and higher income, will be drawn in by the offerings available in the Georgian Quarter. According to research from Thomas Sanderson, the Georgian Quarter Liverpool postcode of L7 brings in rental yields of up to 11.57 per cent.

Due to being such a coveted location, the Georgian Quarter Liverpool rent costs are higher than in other districts of the city centre or suburbs. According to Zoopla, the average Georgian Quarter Liverpool rent stands at around £1,259 per month. This means that investors can benefit from attracting some of the most sophisticated tenant groups such as young professional while maximising their rental returns.

Over recent years, Liverpool, Manchester and other North West England cities have experienced a surge in the number of London leavers moving to their cities. People are now looking away from the pricey capital and recognising the appeal of Northern cities for their affordability, culture and prospects. With such a distinct feel and beautiful architectural charm, those who favour the old period properties of London streets will likely be drawn to the unique offerings of the Georgian Liverpool housing in this quarter.