Landlords And Investors Targeting Students With Their Buy-To-Let Investments

The research revealed large bedrooms are the most desired feature of a rental property for students. Living rooms and en-suite bathrooms also ranked highly. Additionally, high-speed internet was considered more important than parking spaces, quality furnishings and gardens.

Student tenants are often more budget-conscious; however, most said they would pay more if their landlord offered cleaning services as part of the tenancy agreement. Unsurprisingly, location is also key for students, especially being near a supermarket and within 15 minutes of university.

The results of this study can help landlords and investors better target students with their rental property. To ensure higher rates of occupancy, which is key for any successful rental property, it’s important to invest in properties with features and amenities students prioritise

8 Things Students Look for in a Rental

1. Affordability: Another high priority on a student’s list is how much the rental costs. Money may be tight, and while they need a place to live, they also want money to eat and to go out with their friends. They may prefer a moderately priced rental to a more expensive, renovated apartment. Living with roommates and splitting the monthly rent can also help keep costs down.

2. Proximity too Amenities: Being close to town/city is another high priority item on a student’s wish list. Quick access to entertainment, shopping, and dining are all desirable in a rental

3. Access to Public Transportation: Many college students do not have cars, so access to public transportation is a must. This can include trains, buses, and taxis.

4. Safety:  College students, as well as their parents, want to know that they are safe at home. Low crime areas are the most desirable. Well-lit apartment exteriors are a plus. Deadbolts on doors and working locks on windows are necessities.

5. Private Area: Even if a student is living with roommates, he or she wants their own private space. This can be accomplished by having multiple private bedrooms and a common area, such as a living room and kitchen, which the roommates can share.

6. Laundry: College students would prefer to have on-site laundry at the apartment building or home.

7. Neighbours: Students may have a desire to rent an apartment in a certain neighbourhood. Some students want to live in an area with homes predominately rented to other college students. Other students want the exact opposite and want to live in a quiet residential neighbourhood, removed from other students.

8. Cleanliness: Most students would prefer to live in a rental property that is clean and free from rodents and other pests.

Victorian Purpose-Built Drinking Spot To Be Given Grade I Listed Status

A magnificent Liverpool drinking institution has become the first Victorian purpose-built English pub to be given Grade I listed status.

The Philharmonic Dining Rooms, known locally as ‘The Phil’, is considered a ‘cathedral among pubs’ because of its spectacular architecture and highly ornate ‘gin palace’ interior.

A favourite haunt of The Beatles, John Lennon once said the biggest drag about being in the Fab Four was ‘not being able to have a pint in the Phil’

Built in 1898 for local brewer Richard Cain by architect Walter W Thomas, the pub aimed to reflect the wealth and ambition of the Age of Empire.

Millions of pints later, it has now been upgraded from Grade II* to Grade I on the advice of Historic England, joining the likes of Buckingham Palace, Chatsworth House and Liverpool’s Anglican Cathedral in the top 2.5% of England’s protected historic buildings.

Though other inns and taverns have Grade I status, it becomes the first purpose-built ale house erected during the ‘golden age’ of Victorian pub-building to achieve the highest status.

McCartney performed a piano rendition of When I’m Sixty-Four.

He revealed that he would write songs, along with John Lennon, in the back room of the pub. He described one of the toilets in the pub as his old ‘acoustic chamber’ where he would sing and play guitar.

Built in an exuberant free style, the Phil boasts stepped and shaped gables with obelisk finials, tall chimney stacks, turrets with copper ogee domes, and a corbelled balustraded balcony that wraps around the second floor.

The decorative entrance gates are widely considered to be among the finest Art Nouveau metalwork in England.

Inside, the horseshoe public bar and snugs feature eclectic decoration by Charles John Allen and Henry Bloomfield Bare, with elaborate plaster work and ceramics, repousse copper work, finely detailed stained glass, mahogany fireplaces and intricately carved woodwork.

Stunning Art Installation To Go On Display At Liverpool Cathedral

Liverpool Cathedral will welcome a new art project, Peace Doves, later this year.

Peace Doves, headed up by internationally renowned sculptor and artist Peter Walker, is a mass participation art project which will see the creation of a beautiful large-scale art installation hang inside the cathedral.

The project will launch this February half term, from February 17 to 21, with free dove-themed family activity sessions where they’ll be able to write messages of hope and peace – and they’ll be included in the installation.

Peace Doves will then officially open at Liverpool Cathedral on May 8, 2020, the 75th anniversary of VE day, until May 31, 2020 Liverpool Cathedral is free to enter and there’s child-friendly trails if you want to spend some time exploring the building.

If you’ve got a head for heights you can take a trip up the Tower. To take part in the half-term activities, you can book places online at Liverpool Cathedral for trips up the Tower vary, prices can also be found on the website.

Peter first created the ‘Peace Doves’ installation in the UK’s only the only medieval three-spired cathedral. Consisting of 20,000 paper doves, the artwork was suspended in the nave of Lichfield Cathedral between December 2018 and January 2019. Messages of peace were written on individual doves by children from over 70 schools from the surrounding area.

Ocean Gateway Scheme – Liverpool Peel Aims To Deliver 50 projects over 50 years with £50bn

Peels Plans include ambitious planning and economic spatial policies, including long-term masterplanning, realigned and reinvigorated support for the delivery of sustainable development, a new approach to public funding that tackles underinvestment in skills and infrastructure, and promotion and incentivisation of private sector investment, particularly in left-behind areas.Projects marked out for further progress from 2020-2025, all supported by partnerships with both the private and public sectors, include:

  • Further growth at the Port of Liverpool having witnessed greater investment at Liverpool2
  • Liverpool John Lennon Airport targeting six million passengers by 2024, building on its Faster Easier Friendlier customer focus
  • 2020 will see the outcome of the public inquiry into a scheme to restore and reinvigorate the historic Hulton Park in Bolton, through the creation of an iconic new international sporting venue and mixed-use community
  • Protos and the Cheshire Energy Hub are at the heart of Peel’s commitment to investment in sustainable resources, complemented by investment in the first phase of a district heating network at Liverpool Waters
  • Long-term sustainability commitments to net zero carbon buildings, zero waste to landfill and a 15% reduction in energy use
  • 5,000 homes delivered in the next three years at Manchester Waters, Trafford Waters, Liverpool Waters and Wirral Waters
  • Delivery of much-needed family and affordable homes, including directly through Peel L&P’s new housebuilding arm Northstone, alongside partnerships with other builders and housing providers
  • RHS Garden Bridgewater – the UK’s fifth national garden is scheduled to open later this year on the site of the historic Worsley New Hall and Gardens
  • A new cruise liner terminal, a new Isle of Man ferry terminal and a new stadium for Everton Football Club, as part of Liverpool Waters
  • A state-of-the-art wellbeing resort and a new EventCity, as part of Peel L&P’s continued development of TraffordCity
  • Further economic growth, new homes and community facilities at MediaCityUK, with plans already approved to double the size of the digital and creative hub by 2030

Traditional Buy-To-Let Is A Safe Bet If You Invest Wisely

Where's best for buy-to-letThere are approximately 8.5 million private tenants in the UK, while the proportion of renters to homeowners has doubled over the past 20 years. The expectation is that this figure will grow even more over the coming years as people continue to get onto the housing ladder even later in life – or not at all. While some of this is down to rising house prices compared to wages, the quality of life within the private rented sector has also seen vast improvements, and it is increasingly seen as a desirable lifestyle choice with more flexibility than owning a home, as well as less responsibility.The high demand in the private rented sector means that if you invest in the right property in a good location where tenants are likely to want to live, buy-to-let investors are still seeing huge success. Rental yields are particularly strong in places like Liverpool, Manchester, Birmingham and Leeds, as well as more peripheral, up-and-coming areas such as Preston, Bolton and Reading. Compared to the capital, many of these areas will also see the biggest house price rises over the coming years.

What Is Rental Yield?

Rental yield is the return a property investor is likely to achieve on a property through rent. It is a percentage figure, calculated by taking the yearly rental income of a property and dividing it by the total amount that has been invested in that property.

What Is A Good Rental Yield?

In our experience, a good rental yield for buy to let property is 7% or more. Anything under that and there might not be enough cash-flow in the property to cover running costs, mortgage payments and those unforeseen, expensive problems that sometimes crop up when you invest in property, unless your loan to value / mortgage is lower than the average and you have more cash flow in your property.

So when you are trying to find the best area in which to invest you need to be careful that you choose somewhere where the rental returns make sense.

Areas that have a fantastic rental demand or capital growth can be very tempting. Similarly below market value property can often look like a good deal. But, if the rental return is only, say 5%, then month-by-month your income is unlikely mortgages and baseline costs. Capital growth focused investors however with low gearing (mortgages) who focus on city centre locations may be the exception to this rule, where often they prioritise potential growth over everything else and yield is secondary.

Costs Your Rental Income Needs To Cover

In order to be sustainable over the long term your rental income needs to cover the running costs of the property and – you also need a contingency budget.

You need to expect the unexpected and be prepared for your costs to increase without warning.

For instance, interest rates on mortgages are at a historical low at the moment. When the cost of lending returns to more normal levels landlords left holding property with low rental yields (under say 5%) could find themselves in a lot of trouble.

And mortgage payments are only one cost in many. From your rental return, you will also need to cover management fees, buy-to-let landlord insurance and maintenance costs, all of which can fluctuate.

Costs can go down of course but you need to plan for when they inevitably go up. A house has a boiler and a roof, both of which can suddenly need replacing without warning and at significant expense.

Reasons To Invest In Liverpool 2020

Top ten reasons to invest in Liverpool

  • It is the sixth most populous City in the UK, so demand for rental accommodation is high
  • Home to Three major Universities, with nearly 50,000 students
  • Liverpool has a gross value added of nearly £14 Billion making it a big contributor to the UK economy
  • Liverpool has undergone a huge transformation in recent years with investment into sites such as Liverpool ONE shopping centre, the RopeWalks, Lime Street Gateway and the Commercial District
  • Employment is high – with large employers such as Jaguar Land Rover, Fujitsu, Santander, QVC and Matalan all having a home here
  • The Wirral is home of offshore wind power, nuclear power and tidal power stations to help the UK be a contributor to the power of the future
  • Easily accessible via Road, Rail and Air, with Liverpool’s John Lennon airport having a huge selection of destinations around the World
  • Part of the Government’s “Northern Powerhouse” project, Liverpool will benefit from improved transport links across the country
  • Further investment into the Atlantic Gateway – £50 Billion invested in 50 developments over the next 50 years to re-establish Liverpool as the UK’s premier shipping destination for import and export
  • The Albert Docks are the most visited Tourist attraction outside of London

Great value properties

The earnings to house price ratio in Liverpool is one of the best in the country, with properties typically costing around 4.8 times the annual salary. The average home sells for just £124,600, meaning property investors can get a lot more for their money.

A typical property in London, costing an average £483,700 according to Hometrack, will set you back almost four times more than one in Liverpool, and many people are now divesting their mature assets in the capital as the market there stagnates.

In the year to August 2019, Liverpool saw its average house prices rise by 4.6%, well above the UK’s 2.1% average, and experts predict that this trend will continue over the next few years.

The highest rental yields

Liverpool continually ranks as the best place in the country for landlords wanting to earn the highest rental yields, with the most recent top 10 list dominated by two Liverpool postcodes.

In the L7 area, which includes Edge Hill and Kensington just outside the city centre, some of the best rental returns in the country can be found, according to Totally Money, with an average yield of a huge 9.79%. Elsewhere, L1 right in the centre brought in 9.33% in rental returns.

With low house prices, high rental demand and future investment potential, it is an ideal place for investors wanting to diversify their portfolios, with new developments and properties continuously coming onto the market.

Liverpool City Region Funding For Ultrafast Broadband Given Go-ahead

Benefits of ultrafast connectivity include:

  • Attracting major new companies, industries and jobs, plus enabling manufacturers to move massive data sets around with ease
  • Improving health services eg instant and remote high resolution medical scanning, surgery and data transfer
  • Boosting the growing digital and creative sector, while unlocking innovation within SMEs across all sectors
  • Enabling developments in education services, such as online teaching and learning resources
  • Enhancing public services

Work to enable ultra-fast connectivity for everyone in the Liverpool City Region has begun in Liverpool, following approval of £6.4m at the Combined Authority board last week.

Approximately 220km+ of digital infrastructure will be installed in carriageways, footpaths and cycle ways over the next three years, connecting all six-boroughs to the Hartree supercomputer in Halton, one of the most powerful supercomputers in the country.

£6.4m from LCR’s Strategic Investment Fund will be invested in Halton, Knowsley, Liverpool, Sefton, St Helens and Wirral to lay ducts while existing roadworks take place in an innovative approach known as ‘dig once’.

It’s anticipated that 30% of the digital network will be installed via this system, minimising disruption to road and public transport users.

Procurement of a joint venture partner to act as co-investor, commercialisation partner and network manager of the future network has already begun.

Cllr David Baines, leader of St Helens Council and portfolio holder for digital connectivity and inclusion at the Combined Authority, said: “Ultrafast connectivity is fundamental for growing our economy, so we’re moving at pace with this project to make sure people and businesses can benefit as quickly as possible.

“We know it’s important to co-ordinate the works with existing roadworks and infrastructure plans, which is why we are using the ‘dig once’ approach, which will not only help us save money, but reduce disruption for our residents.”

Amanda Follit, chair of young talent at BIMA, the UK’s largest digital and tech community, and LCR industry influencer, added: “Being the most digitally-connected region will bring a lot of opportunities to our digital and creative sector, especially in terms of attracting big companies and future talent.

“Our industry is already thriving nationally, however, ultrafast broadband connectivity will really supercharge the Liverpool City Region and continue to encourage innovation.”

£38m Isle Of Man Ferry Terminal Project To Begin This Month

The new terminal at Prince’s Dock is set to be completed next summer, and expected to provide a £3.2m boost for the city’s economyWorks on the delayed Isle of Man Ferry terminal at Prince’s Dock are to finally get underway this month after a groundbreaking event took place. The scheme, which will cost £38m, is now set for completion by summer next year – a date that has been delayed twice.

The event on Friday was attended by Liverpool political figures including Metro Mayor Steve Rotheram and Deputy Liverpool Mayor Cllr Lynnie Hinnigan, as well as Isle of Man chief minister Howard Quayle. Speaking at the event, Mayor Rotheram said:

“Our waterfront is iconic and recognised the world over. The new ferry terminal will be a fantastic addition to it.

“Not only does the new terminal cement our special and historic links with the Isle of Man, it opens new and exciting opportunities – for trade, tourism and leisure.

“We have supported the project from day one and I look forward to it progressing further in the coming months.”

In November last year, it was revealed that the project would be delayed for a second time due to planning and legal agreements taking “longer than anticipated”.

The original date of completion was set to be December this year, before that was pushed back to March 2021, with the estimated end date now July 2021.

It is predicted that the project within the Liverpool Waters development will generate £3.2m for the regional economy, and opportunities are expected to attract further investment to the docklands.

Manannan, the Isle of Man Steam Packet Company’s fast craft, sails between Liverpool and the Isle of Man and Liverpool up to twice a day between the spring and the autumn. It is particularly busy around the Isle of Man TT races when the vessel carries thousands of motorcyclists and motorsport fans.

Vehicles and freight traffic will be served by a link road currently under construction and funded by Liverpool City Council and the Combined Authority who have worked together to deliver the funding for the link road as part of its major City Centre Connectivity project.

Foot passengers, meanwhile, will be able to access the terminal via a riverside footbridge, near to the planned Cruise Liner Terminal Hotel which will be located at Princes Dock. Bus and taxi facilities will be provided to the new site and will also be available across the footbridge, adjacent to Alexandra Tower as part of the Cruise Liner scheme.

The Number Of Chinese Students At UK Universities Has Soared

The 120,000 Chinese students are an important source of income for universities because international students pay fees two to three times higher than UK students.

The figures are startling. Since 2014-15, the number of Chinese students in the UK has grown from 89,540 to 120,385, compared with 26,685 students from India.

Liverpool

The University of Liverpool has been one of the most successful in recruiting from China, which now provides almost one in five of its students. More than a decade ago it was involved in creating a new university in the city of Suzhou, near Shanghai. Xi’an Jiaotong Liverpool University runs degree courses which involve students coming to Liverpool for two years. By the end of the decade, the joint venture is expected to have grown to almost 30,000 students.

Reasons to study in Liverpool

If you choose to study in Liverpool then you’ll enjoy the relatively low cost of living. Rent is cheap and food and drink is inexpensive, so you’ll be able to save your money and spend it on fun activities. You can also find lots of bargains in the city’s department stores, like Home & Bargain, and there are often special offers for students. What’s more, everything in Liverpool is within walking distance so you won’t have to spend lots of money on transport — walking around is also a great way to get to know the city!

Fascinating history

Wherever you go in Liverpool, you are surrounded by history. Beyond the stunning waterfront (a UNESCO World Heritage site), you can explore 800 years of the city’s past. Protected historic areas, such as the Albert Dock, can be found across the city, and one of the most recognisable landmarks is the Royal Liver Building. The liver bird is the city’s emblem, and the 2 liver birds on top of the Liver building are there to watch over the city. Legend says that if these birds ever fly away, then the city of Liverpool would disappear!

Great culture

Liverpool’s arts scene is thriving. The city’s theatres host fantastic performances throughout the year, and it boasts more galleries and museums than in any other city outside London. Contemporary spaces like Tate Liverpool, and traditional galleries, such as the Bluecoat, are just some of the places that help to make Liverpool the dynamic, cultural place that it is.

Interested in studying in Liverpool? Find out more about the University of Liverpool, or the pathway courses on offer at University of Liverpool International College which could help you qualify for entry to the University.

Liverpool’s St John’s Shopping Centre One Of UK’s Stand-Out High-Street Performers In 2019

High streets and shopping centres have been enduring a challenging trading environment – the number of shoppers visiting UK high streets and shopping centres declined by 10% over the past seven years – but St Johns has bucked the national retail trend thanks to its prime city centre location, innovative marketing strategy and great shopping experience.New figures released today (January 17) show that Liverpool’s St Johns Shopping Centre was one of the UK’s stand-out high-street performers in 2019.

St Johns’ 50th birthday year saw the centre welcome 13 million shoppers and generate an additional £10m in sales – setting a new record for the city centre retail destination.

St John’s Shopping Centre

Is the largest covered shopping centre in the city of Liverpool, located in the heart of the city since 1969 and home to more than 100 retailers. So, if you’re looking for fashion, beauty, something for the house, or the latest gadget, we’ve probably got it right here!

The precinct is also home to St John’s Market which has a history dating back to 1822, although the current market was opened to the public by the Queen in April 1971.

Community

St Johns Centre is proud to be part of the local community and committed to working in socially responsible activities designed to benefit groups and individuals. We also support the community in a number of other ways, including helping charitable causes by providing opportunities to raise awareness, working with universities, schools, media partners and local businesses on a range of community projects within Liverpool.

Refurbishment 2016

In June 2016, St John’s Market closed for a £2 million refurbishment. Following the completion of the refurbishment, the market is now spread over two floors around a central atrium with a number of enhancements, such as the installation of WiFi and new public toilets. The refurbishment has also seen an increase in the number of stalls in the market from 90 to approximately 120. The market reopened after the completion of the refurbishment on 25 November 2016.