One of Liverpool’s oldest and most famous districts is in the midst of an exciting and lucrative revamp as the city continues its relentless regenerative march.
Anfield, the historic area that is known worldwide as the home of Liverpool Football Club, is the recipient of a £260m revamp that will reshape the region. It is Liverpool’s most enticing and exciting investment opportunity outside of the city center. For property investors in the UK, it will provide an area ripe with low prices and the potential for high yields.
Having commenced formally in October 2012, the most recent stage of the regeneration was given the final go-ahead in April 2018. The area surrounding Liverpool FC’s 54,000 capacity stadium, recently upgraded from 45,000 with the augmentation of the club’s main stand, will soon become a haven for brand new commercial and residential property. It will be ripe for fresh investment from ambitious property investors in the UK looking to make money in one of the country’s most prosperous and fastest-growing regions.
Liverpool-based property investment companies such as RW Invest are one such institution leading the way in showcasing Liverpool’s penchant for building luxury apartments and other residential properties. The trend will undoubtedly continue with the regeneration of Anfield.
The venture is a three-way partnership between Liverpool City Council (LCC), Your Housing Group and Liverpool Football Club. With the unequivocal backing of the local community, who have long waited for the neglected area to feel the attention and benefits of regeneration, the Anfield Village area will experience an unprecedented boom.
The news is good for buy-to-let property investors who will want in on the ground floor of this exciting development. By the end of this Summer, 82 traditional terraced homes will have been fully restored and refurbished. Included in this is the refurbishment of 46 large family homes. As well as that, a total of 161 new homes will have been built in this phase, and by the time the project has reached completion.
The past three years have seen incredible numbers of new homes built and existing homes refurbished. In the 36 months before this Summer, 400 new homes have been developed and over 300 restored. By the time the regeneration is complete, 1,000 new homes will have been created. The residential growth prospects are high and will be attracting the attention of ambitious buy-to-let property investors both domestically and from overseas.
Commercial properties will be springing up in their dozens along the newly-planned and built Anfield High Street. Developers are inviting both national high street chains and local independent businesses to set up shop in the area. It keeps with the traditional commercial trappings of the area, with many locally-owned independent enterprises existing within the sphere of the global company that is Liverpool Football Club.
The club themselves will be building a new flagship official store which will be the high-value retail anchor for the area.
In Anfield, big business and independents have always made excellent bedfellows, and that will continue during and after the regeneration. The variety of shops, restaurants, bars will attract a vast and varied mix of customers all looking to spend their money in this welcoming and revamped environment.
For property investors looking to make Anfield a new destination for their money and investments, they will do well to note the sheer numbers of people who will be setting up home in and visiting the area on a regular basis. Up to 300,000 people visit the stadium and area for tourism and business purposes. That does not include days in which Liverpool FC host their match days, upon which numbers of people visiting the area is swollen by tens of thousands every one or two weeks, with domestic and overseas visitors.
With all of this and the building of a new primary school, a health center and a revamped community and leisure center, Anfield will finally achieve its potential as one of Liverpool’s most significant hubs of commercial and residential property investment opportunities.
For buy-to-let property investors, there could not be a better time to invest for themselves in the great Liverpool economic boom. Liverpool property has been consistently identified in recent years as one of the smartest and most profitable ventures of investment. With low prices and high yields, the chance to make increasingly generous long-term returns is too good to turn down.