While Poole is a beautiful place to live and desirable for many tenants, the property prices are enough to put off a lot of buy-to-let investors.
As an investor, you’ll want to find properties with good value and high yields. Yields in Poole are quite low, while property prices are much higher than in many other places in the UK.
While the tourism economy attracts millions of people, it pales compared to other places.
If you look further north to somewhere like Liverpool, you’ll find a perfect storm of good value properties, rental yields and a tourist economy.
The city has an average property price below £180,000 (per the Land Registry UK House Price Index), making the area around £150,000 cheaper on average than Poole. Many terraced houses and apartments in Liverpool can be bought for prices well below the city’s average.
In addition, yields are 7.77% on average. However, some areas offer even better yields. Finally, Liverpool welcomed 71.7 million visitors in 2022, meaning the short-term rental market is much more lucrative.
For example, Crosby offers a similar seaside vibe to Poole and was voted one of the best places to live by The Times. In this area of Liverpool, you’ll find developments with one or multi-bedroom flats that are perfect for short-term lets.
If you’re looking for a property market set to burst into life, you’ll want to get in on the ground floor with apartments in Liverpool or consider Manchester property investments.
