Central Point at Bastion is a brand new development, which will offer 69 residential apartments over seven floors, adding to the already stellar collection of buildings across Liverpool.
Comprised of one and two-bedroom apartments, Central Point at Bastion sits just a short walk to Liverpool City Centre and the World Heritage location of Albert Docks. With views across to the River Mersey, and great central gardens offering tenants the perfect place to relax, Central Point at Bastion is sure to be a hit with the city’s growing rental market.
The development will permit short-term lettings and is ideally situated to cater for both the corporate and leisure serviced accommodation rental market and is forecast to produce NET returns of 12% with prices from just £117,500.
As it stands, Liverpool’s average rental yields currently deliver around a 5.5% return – a much better result when compared to London with the Capital’s income sitting closer to 3%. This return is low, even when compared with the rest of the UK, with national rates hovering around 3.55%.
What makes Liverpool such a good contender is its strong capital appreciation. Seven of Liverpool’s postcodes feature in the top ten best capital appreciation locations in the UK. As Manchester continues to grow, Liverpool has followed suit giving investors lower entry levels whilst delivering similar rents.
The regeneration of Liverpool city centre will see its population continue to grow, adding further pressure to local developers. This projection has been previously illustrated by the Office for National Statistics, which gave a figure of 181% for local population growth between 2002 and 2015. Future modelling has indicated this continuing trend over the coming years.
With the North West expected to grow in population by 24% over the next five years, there is real pressure to deliver new housing. With more people moving to this region, the local housing market is likely to continue to out-perform the rest of the UK.
Currently over 300,000 jobs in 7 key growth sectors, with a further 20,000 jobs coming out of the "Liverpool Waters” regeneration project alone.
Liverpool John Lennon Airport - Flying to 200 destinations, 5 million passengers yearly, 250m GVA, 6,000 jobs. £1Billion SuperPort upgrade in progress, connecting Liverpool to the world's trade.
Boast 4 universities serving around 90,000 students and produce 30,000 graduates every year.
30,000 new properties needed by 2030