Cheap Investment Property Liverpool
We all love a bargain, don’t we! After all the cheaper something is, the better value, surely?! Well no it’s not quite that simple.
There is plenty of cheap investment property in Liverpool, I guess though I should also clarify what I mean by cheap investment property.
It’s fair to say that when I say cheap investment property I mean low value, poorer quality, property that comes with more headaches and problems. In terms of numbers we are talking about cheap Liverpool investment property that is valued under 100K and can even be as cheap as £40,000.
I’m not saying don’t invest in these areas, but I do want to highlight some of the big risks you will face when investing in cheap investment property Liverpool.
What areas (postcodes) are we talking about?
Generally we are talking about property in the following postcodes L4,L6,L20,L21,L5,L9,L11. Some parts of L7 will fall into this category as well, although there are lots of lots of good potential in this area, in terms of investing in student property.
How easy is it to rent property in these postcodes?
Ok so you have bought your cheap investment property in Liverpool and are now ready to put a tenant into the property. This is where is can get tricky. Depending on where you are on your property journey, this may or may not come as a surprise……. You will struggle to get the 1st months rent and a good size deposit from tenants in these locations. So long as you know what to look for however you can still do well.
This is simply because these are poorer areas ie people have fewer jobs and the jobs are generally lower paid. So if you hold out for a big deposit and 1st months rent, you may have an empty property for a long time….empty properties come with big risks.
What about if I use a letting agent in Liverpool to manage my property?
Unfortunately this doesn’t guarantee that you will rent your property quickly. If the letting agent you decide to use is also determined to get the 1st months rent and a large deposit, you will still be in the same position.
You need an agency that understands the market you operate in. I have been investing in these areas for 10 years, I understand the risks and know how to manage the risk.
If you have a bought a property in these areas and are struggling, I will help you. Equally if you are looking at buying cheap investment property in Liverpool I will also help you. You could say cheap investment property Liverpool has been what my business has been built on!
Big Capital appreciation ahead for Liverpool
If you make mistakes early on by buying cheap investment property in Liverpool, it may put you off the idea of ever doing it again. That would be a real shame, as I feel Liverpool has massive scope for capital appreciation over the next 10-20 years.
However cheap Liverpool investment property must be managed correctly for you to get the most from this massive capital appreciation which is surely long overdue to Liverpool. I have also produced a article on the Insight into the Liverpool Property Market which will help you get started.
I’m always here to help you.
Jon Bieri, Potential2Lettings 0151 356 7551