With 60,000 students studying in Liverpool last year and latest figures expected to show an increase in 2017, demand for private student accommodation and rental property is on the rise in Liverpool.
John Pye Property, part of the UK’s largest commercial auction house, is predicting significant investment in buy-to-let properties in the next 12 months as investors look to cash in on increased demand.
A recent report by the Mistoria Group found that demand has risen for privately owned accommodation owing to a shortage of university accommodation being readily available. It is anticipated that this demand will continue to rise leaving ripe opportunities for buy-to-let landlords and property investors.
Two neighbouring properties have recently come to market and will feature in John Pye Property’s next online auction taking place on October 18 and 19.
Both are three-storey mid terraces each having been converted to provide five separate apartments in each and located in the Fairfield district of Liverpool, just two miles from the city centre. Both properties present an ideal investment opportunity and are predicted to each generate around £24,000 per annum in income when fully let.
Richard Reed MRICS, head of property at John Pye Property, said: “It’s widely known that Liverpool is one of the fastest-growing cities in the UK and therefore we’re predicting even further investment in residential property over the next 12 months.
“Both of these properties are typical of the type of investment opportunities we have coming to auction.
“We’re expecting high levels of interest in each of these Hampstead Road-located properties.”
John Pye Property regularly features properties from across the UK including residential, commercial and buy-to-let properties. Its latest monthly online property auction will go live on Wednesday 18 October and finish on Thursday 19 October 2017.
“Our unique expertise across online auctions means the way we sell property online is a real unique selling point for vendors and distinctive across the industry,” Richard added.
“The John Pye online property auction has grown significantly since its inception and with an online auction being held every three to four weeks, there is constantly new property stock being advertised and offered to the market.”
Visit www.johnpye.co.uk/property-auctions to bid or phone 0115 970 6060 for more information. Viewings are available by appointment.