The top property hotspots in the North West
The North West of England has become one of the most popular destinations for property investors in recent years. The region’s affordability, excellent transport links, growing economy, and thriving rental market have made it an attractive option for investors looking to achieve strong returns.
The UK property market has been one of the bright points of an otherwise tumultuous economic time for the country following the Truss mini-budget, the war in Ukraine and global inflation issues.
Further to that, however, the North West has been one of the country’s fastest-growing and most exciting areas. Cities like Manchester, Liverpool and Chester are attracting talent and investment in huge numbers thanks to large student populations and an influx of young professionals looking for a more affordable place to settle down.
With this in mind, we’re going to break down some of the top property hotspots in the North West.
Top property hotspots in the North West
One of the best property investment hot spots in the North West is Liverpool. The city’s vibrant economy, world-class universities, and growing population have made it a hub for young professionals and students, creating a high demand for rental properties. The city’s property market has been experiencing steady growth, with an average rental yield of 4.88% and an average property price of £181,278. Areas such as the city centre, Baltic Triangle, and the Knowledge Quarter have shown promising potential for investors.
Manchester is another hot spot in the North West, boasting a strong economy, a rapidly growing population, and excellent transport links. The city has a large student population, creating a high demand for rental properties in areas such as the city centre, Fallowfield, and Withington. The city’s average rental yield for a two-bedroom apartment is 5.2%, with an average property price of £231,110.
Chester is a historic city located in Cheshire, just south of Liverpool and Manchester. The city has a growing population and a thriving economy, making it an attractive option for property investors. The average rental yield for a two-bedroom apartment in Chester is 3.87%, with an average property price of £270,053. Areas such as the city centre, Hoole, and Boughton have shown promising potential for investors.
Finally, Warrington is another hot spot for property investors in the North West. The town’s excellent transport links, growing economy, and proximity to major cities such as Liverpool and Manchester have made it a popular option for investors looking for high returns. The average rental yield for a two-bedroom apartment in Warrington is 3.26%, with an average property price of £261,285.
Investing in the North West
Overall the North West is an excellent place to invest in property and has a large variety of types of property to choose from. Whether you’re looking at residential, off-plan, or student property, the North West has an abundance of towns and cities that can provide you with options.
With high demand, high yields and growing prices, the area really is one worth considering, and if you’re considering investing here then why not get in touch with us today?