Phoenix Place is a new student property development located in Liverpool, within easy reach of all major educational institutions and the city centre. Consisting of 6 floors and 134 luxurious apartments, Phoenix Place offers purchasers the opportunity to capitalise over Liverpool’s thriving student market. With a choice of en-suite and studio apartments, purchasers of this development will enjoy a NET 9% rental return with a 5 year rental assurance and 5% interest on deposited funds.
This area is a designated World Heritage Site and the iconic birthplace of the Beatles, Liverpool continues to attract a substantial number of visitors from across the globe. Through ambitious re-generation projects, the city’s skyline has grown, with exciting new additions to the education, leisure and retail sectors.
Projects such as Liverpool ONE, a multi-million pound retail and leisure complex have enhanced Liverpool’s leading economic position in the UK. As Liverpool’s fame grows, so does its student population. Home to over 50,000 students and three major universities, Liverpool boasts one of the most diverse student cultures in the UK.
Profiting from a prominent undersupply of student accommodation, Liverpool’s student market has seen buoyant activity with rental growth in 2015 averaging 4.3% - surpassing the UK’s average of 3.65%. According to the latest report from estate agents Savills, the current student per bed ratio in Liverpool stands at 2.1 – indicating that the existing pipeline is still falling short of the demand with two students competing for every bed in the city.
In March 2016, consumer organisation named Liverpool the UK’s most affordable buy-to-let hotspot. It is also a UK centre for higher education with nearly 70,000 full-time student. Tenant demand is projected to increase due to extensive regeneration, now is the time to invest in this booming “Northern Powerhouse” city.
Embracing the latest trends in student accommodation, Phoenix Place is fully equipped with all the student essentials; from allocated study areas in each apartment to modern communal facilities and WI-FI - these student apartments provide not just a secure home for students but also a place where they can live, study and socialise comfortably.
This development is specifically built to let in students and young professionals, the studio apartments have a relatively low entry price at a cost of £49,950. Investors stand to realise a minimum of 9% yearly NET yield as the rent stands at £4,500. The apartment proposes all the basic needs of a student with a bedroom, kitchen and small dining table in the main living room area and an en-suite bath and shower.
The area surrounding Phoenix Place development is subject to numerous regeneration programmes. Over £150 million will be spent on Project Jennifer. The plans for this regeneration will see improvements made to 45 acres of land at Great Homer Street, which lies North of Liverpool City centre, next to Iliad Street. The extent of this regeneration project has meant further investment has been drawn to the area, with new residential buildings and retail properties, as well as new schools and improved transport links. Additionally, Sainsbury’s has committed to a 250 year lease on a large supermarket store.
Another £200 million will be invested in rejuvenation of the local infrastructure over the next two years, making the area one of the fastest-growing in the city.
Liverpool is one of the UK's fastest growing cities, with access to six million customers and an economy worth more than £149 billion. The local economy is also growing by an impressive 15% year on year due to an influx of new businesses and a thriving tourism economy. This means the city boasts significant and varied employment prospects for graduates. Liverpool has an incredibly exhilarating, challenging and inspiring future and continues to undertake continued investment in its people, universities and commercial infrastructure with developments like Phoenix Place that attracts a huge number of young individuals looking for the best place to reside, with appropriate recreational facilities making property appreciation quite high. Phoenix Place Liverpool is an absolutely fantastic investment goldmine for buy-to-let investors.
- Central Station – 0.2miles
- Liverpool One Shopping - 0.2 miles
- Albert Docks – 0.3miles
- James Street Station – 0.3miles
- Lime Street Station – 0.4miles
- Liverpool John Moore’s main campus - 0.5miles
- University of Liverpool – 0.5miles
- St. John’s Gardens – 0.5 miles
- The City of Liverpool College - 0.7 miles
- Liverpool Ferry Terminal – 0.8 miles
- Liverpool Bus Station – 0.8 miles
- Metquarter – 0.9 miles
- Liverpool School of Tropical Medicine – 1.3 miles
- Royal Liverpool University Hospital – 1.6 miles
For further information on the purchase process please request your free brochure or get in touch with us today.