The buzzword for property prices in the North is growth. In Zoopla’s latest House Price Index, the North West region was named the ‘hottest regional market’ alongside Wales and Yorkshire – illustrating the areas which are recording the highest level of price growth in the UK. On a city level, Liverpool saw the largest increase across all UK cities with a 6.9% rise in annual price growth, while the likes of Manchester, Nottingham and Leeds followed closely behind. From an investment perspective, it’s clear to see why both domestic and overseas investors are increasingly attracted to the north, and most-notably, the Liverpool property market.
Liverpool is considered the North’s most transformative city thanks to extensive regeneration, high levels of local investment and a year-on-year rises in house prices.
Based on the exponential rate of growth in the city combined with the strong performing market, Alesco worked with developers on a royal calibre of developments in the city. These include Kingsway Square, Bishop Square, Queen’s Residence and Cardinal Rise. Each development is located within close proximity of each other, situated just 4 minutes from Princess Dock on Liverpool’s famous waterfront and 10 minutes from Liverpool’s bustling shopping district – offering the ideal location for city-dwellers and young professionals.
Each boasting their own unique identifiers that individually entice investors, Liverpool’s newest ‘Fab Four’ have continued to dominate the city’s property market since the first phase launched in 2020.
Kingsway Square has set the tone for this new style of contemporary living in the city. Comprised of 105 studio, 1- and 2-bedroom apartments, Kingsway Square offers stunning views across Liverpool’s famous skyline and has become an instant hit with developers.
Launching in summer 2020, Bishop Square took the mantle but followed the same traits as its sister property, also offering 105 studio, 1- and 2-bedroom apartments. Becoming available at 20% below market value with prices from £99,000 – it became the perfect companion to Kingsway Square.
With the property market remaining robust following the easing of lockdown restrictions, we launched Queen’s Residence – one of this year’s most exciting launches in Liverpool City Centre, comprised of 89 modern residential apartments over 8 floors. Offering full stamp duty cover on a limited number of units, the luxury new development completes in Q2 2023 and is in close distance to the city centre.
Set against the stunning Liverpool city centre backdrop, Cardinal Rise is the newest development to emerge from this flagship scheme. With 96 high spec apartments occupying 9 floors, Cardinal Rise is projected to generate rental yields of 6% and is pre-approved for lettings. Surrounded by landscaped gardens, it’s become an overnight sensation with property investors.
Each of our Liverpool developments boast below market value prices in high growth areas and are all tailored specifically for what modern renters prioritise. We have recently sold out on all our Bishop Square apartments, and our other developments are selling fast. To secure the last remaining units in our other Liverpool flagship schemes, or get first pick on our new launch, Cardinal Rise, get in touch today to speak with one of our consultants – (0)203 819 7366.
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