So, is Liverpool a smart investment for 2024?
According to Zoopla, the average sold property price in Liverpool over the last 12 months is £192,456. PropertyData puts the average rental yield in the L3 postcode (a popular student area) at 6.5%.
Students in Liverpool have a wide range of options, with the city home to the University of Liverpool, Liverpool John Moores University, Liverpool Hope University, and Liverpool Institute for Performing Arts.
The headline university is the University of Liverpool, a prestigious Russell Group member consistently ranked among the top 200 universities worldwide. Overall, the city welcomes over 50,000 new students annually, making it one of the UK’s largest student-populated areas.
According to Paragon Bank, prime student markets like Liverpool are likely to see consistent demand over the next few years, which could translate into significant gains for investors in the long term.
Neil Smith, Paragon Bank Head of Surveyors, said: “Portfolio landlords usually have in-depth knowledge of local student markets, to the point where they know the prime local areas and even the favoured roads that provide strong, sustainable student rental demand.
“With demand for university places forecast to rise over the next few years, there will be a greater need for student accommodation. Some of this will be met by Purpose Built Student Accommodation, but the traditional student property provided by private landlords will remain very much part of the mix.”
