Is buying house in Liverpool good investment??

holly_hobby

Mossley Hill is NOT a huge area, 10 mins from Mossley Hill is NOT Mossley Hill, thats Smithdown\Wavertree area, or Aigburth if going the other way.

How one person can have SO many negative things happen to them .. tells me only 1 thing ...

Liverpool - if you are looking for a property that will sell reasonably quickly and maintain its price (they've pretty much peaked), then you look at the South of the City. Look at areas with popular school catchment areas ...

Childwall L16 (around Hope Uni) - 500k+ props, but also 30s semi's circa 170 - 200k VERY popular due to local school catchment areas .. (similar properties around Mosspits school)

Allerton Road L18 /Penny Lane - largely terraced circa 200k ish. Popular due to the social scene/cafe bar culture thats sprung up ...

Woolton Village area

Mossley Hill you know

Aigburth (up an coming for those outpriced from the above) - STOP at Lark Lane - after that you're L8, lovely houses, but don't have the same market or value as the above (yet !)

Grassendale - next up from Aigburth - terraces - 200k, St Michaels rail station area

Calderstones, Menlove Avenue all around Calderstones park ( largely 750k - 1m+) - so when you win the lottery maybe ?

Coming out the other side of Allerton you hit Garston .. up and coming due to peeps being outpriced of Childwall, Allerton ... so more of an investment pch than a lifestyle choice >

Suggestion .... take a visit into all the estate agts along Allerton Road - and ask the questions you've asked here, go on their mailing lists and wait for contact re suitable properties - as a "hot buyer" world's your oyster ...

FYI - I also lived in Camden for a little while ..... loved it ... but rough ... you bet !

Good and bad in all cities .... unfortunately you do get a lot of "liverpool bashers" out there ... . they think its a soft target you see ...

Hope this helps .. and good luck with the house hunting...

Holly

DannyboyMidlands

A mate of mine lived in Aigburth for a while. It was (is?) a sh!thole. A bunch of blokes kicked his front door in, one held a knife to his throat while the others casually strolled around nicking stuff.

holly_hobby

Sounds like a Daily Mail headline !!

jayphe

Liverpool is a great place and is trying really hard to turn it's image around, but with a lot of public money. I wouldn't be so certain about it's short to mid-term future as we go through public spending restraint, the bulk of which will be coming over the next 3 to 4 years. Combine that with this population demographic and you really don't have a good investment case at a macro level.

http://en.wikipedia.org/wiki/Demography_of_Liverpool

ebaybaby

Judywoody, Im from Toxeth originally, moved to Aigburth Vale, where I bought and sold two houses and made a very good profit on both, the last one being 2 years ago. Personally I would say you cant beat this area of Liverpool. Handy for Allerton Rd, handy for town, dead easy public transport, straight run either way. I have eventually moved to Wirral with husbands job, it took me a while to get used to it but I like it now. We are planning to buy an investment property in the not too distant future, it WILL be in Aigburth! Schools are great too. Liverpool is changing....for the better.

Good luck perseuding him! I hope you get the house YOU want! Maybe I'll even see you around and I will buy you a drink!
See.......where not all bad!

judywoody

jayphe wrote: »

Liverpool is a great place and is trying really hard to turn it's image around, but with a lot of public money. I wouldn't be so certain about it's short to mid-term future as we go through public spending restraint, the bulk of which will be coming over the next 3 to 4 years. Combine that with this population demographic and you really don't have a good investment case at a macro level.

http://en.wikipedia.org/wiki/Demography_of_Liverpool

I was more thinking about long-term..as far as I am aware the population has now been quite stable. I'll find out when the data will be released in July 2012.

judywoody

ebaybaby wrote: »

Judywoody, Im from Toxeth originally, moved to Aigburth Vale, where I bought and sold two houses and made a very good profit on both, the last one being 2 years ago. Personally I would say you cant beat this area of Liverpool. Handy for Allerton Rd, handy for town, dead easy public transport, straight run either way. I have eventually moved to Wirral with husbands job, it took me a while to get used to it but I like it now. We are planning to buy an investment property in the not too distant future, it WILL be in Aigburth! Schools are great too. Liverpool is changing....for the better.

Good luck perseuding him! I hope you get the house YOU want! Maybe I'll even see you around and I will buy you a drink!
See.......where not all bad!

I know, you are great ;-)

SailorSam

I've lived in Liverpool, well one of the boroughs for over 50yrs now, and yes there are bad areas but no more so than any other place. I think most of the people who criticise tha city have never been here.

Simon_Topple

Acc72 wrote: »

To be honest, he couldn't pay me to live in "Kenny" !! .....

Apologies for using "daddy" - that was unfair.

I understand what you are saying, however my opinion would be that if he wants to buy you a house/home, then that is fine but there should not be any conditions attached.

If he is attaching conditions already then this can only go one way (what if he doesn't like how you decorate it, what if he thinks that you aren't maintaining it how he would, and also what if you want a partner to move in?).

It sounds as though he would always view this as being "his property".

Nothing wrong with Kenny. You have problems everywhere in Liverpool. I've lived there - have you? (for the record; Romer Road and Whitland Road).

You first need to identify why you are investing, and what kind of return you want. My view is - and always has been - that cashflow is king. You can get 350 PCM net income from a student house in Kenny, if you buy well. If you buy really well £600 net is possible. Yields of 14% are very achievable. Houses in the 'burbs of Liverpool with give you 6% yield if you are lucky but with longer more stable tenancies.

If you want capital growth expect income to barely cover costs. Part and parcel of a growth portfolio but with inherent risks.