UK property hotspots asking prices up 20% in a year in Toxteth Liverpool
Saturday 9th October 2021
UK property hotspots asking prices up 20% in a year in Toxteth Liverpool
I thought this piece (link at the bottom) in today's newspaper was worth bringing to your attention, even at the weekend. As many on this mailing list know, property prices in Liverpool have been powering ahead and I think 20% in some areas and for some properties is about right. In other areas, price growth has been lacklustre and indeed some properties, for one reason or another are worth less today than a year ago. In any market, selection is key as is local knowledge.
Saturdays are no different to any other day for me at the moment. After chatting to two investors this morning, I went with my youngest son to meet a client up from London who is expanding her portfolio. We did a final check of a classic Liverpool investment property (2 up, 2 down) in one of my favourite postcodes, before completion next week.
She was surprised to hear me say we didn't need to decorate, refurb etc. In many cases, tenants who wish to remain long-term ask to do it themselves. This is an indicator that they have long-term plans, so as such, my preference is to let the market decide whether it should be decorated or not. This saves a lot of money, but, with the likes of city centre apartments, is not always and option.
Again, we are going at the top end of the market for rental values, as my company is less concerned about its portal statistics than getting the best value for our clients. As such, this freehold house will yield 10.3%.
The Article is Here
