A significant aspect of Liverpool’s forthcoming makeover revolves around the Liverpool Waters regeneration initiative. This extensive project is set to overhaul the city’s northern docks and adjacent regions, with plans to take place over 30 years. Planning permission has been secured for 60 hectares of land, with an estimated cost of £5 billion.
The venture encompasses various features, including Everton’s upcoming stadium, the Isle of Man Ferry terminal, the UK’s inaugural public floating sauna, and new residential and commercial areas.
A £1 million contract is up for grabs to create a vision for the redevelopment of Liverpool Central station and its surroundings and to tackle network capacity problems around the station. The submission deadline is April 18.
The project aims to improve the city centre and enhance links between the core and nearby areas like the Knowledge Quarter and Baltic Triangle, which have undergone successful and substantial regeneration.
The contract for the Liverpool Central project will be awarded in May. More elaborate regeneration proposals are anticipated next year as plans progress.
What does this mean for property investment? Buy-to-let investors often look to areas with plenty of regeneration potential. The aforementioned Baltic Triangle is a testament to how popular areas can become following substantial investment.
As such, investors may want to consider property developments in Liverpool city centre and surrounding areas, anticipating the potential economic and capital growth these plans may bring. The likes of the Gateway development in Liverpool’s Northern Quarter is one such opportunity, available to purchase off-plan as of 2024. This development was inspired by New York apartment buildings and boasts eco-friendly tech and features.
With more job opportunities heading to the city following extensive regeneration, Liverpool will become an even more desirable place to live, attracting tenants to the city centre in search of convenient homes close to their workplaces. Buy-to-let investors can expect substantial yields in such locations, while capital appreciation may also be high as property prices increase in those desirable areas.
For more information on Liverpool property, check out some of our local area guides:
