Whether you are considering becoming a first-time landlord or adding to an existing portfolio, the Wirral can be a very attractive area in which to invest.
The Liverpool area is one of the cheapest in the UK in which to buy property, and the Wirral is no exception. Since the millenium, there has been huge investment and regeneration in the northwestern city, which is set to continue.
The neighbouring city boasts two major football clubs, two cathedrals and two world-class universities. Add to this the Albert Dock, Philharmonic Hall, Liverpool One and Cavern Walks, and there’s plenty to keep local residents busy.
Merseyrail provide one of the only underground and overground rail networks outside London, providing that all-important link between the Wirral and the city. Plenty of Wirral towns are therefore connected to Liverpool via the West Kirby, New Brighton, Chester and Ellesmere Port lines.
Where in the Wirral?
Birkenhead and Wallasey both provide rapid access to the city centre, either via the Mersey Tunnels or Merseyrail. Prices tend to be cheaper in CH44 (Wallasey) and CH41 (Birkenhead), so yields may be higher. However the lower the cost of a property, the higher the likely cost of upgrading it to modern standards, and it may attract a lower rental value.
Yields in Moreton (CH46) and Greasby, Woodchurch and Upton (CH49) can be lower due to higher property costs, but this can be offset by longer-term tenancies and the prospect of improved capital gains. The likes of Heswall, Thurstaston and Caldy are home to some of the peninsula’s highest-priced homes.
In 2017, RightMove listed Birkenhead as offering the second-highest return on property investment for the entire UK. Wherever you opt to buy, surely the Wirral is worthy of serious consideration?