IPG sells out two developments in Liverpool property market

Two residential developments in Liverpool by ethical property group Integritas Property Group (IPG) have now sold out in less than 3 months despite the UK’s challenging property market.

IPG sells out two residential developments in the buoyant Liverpool property market.

22nd August 2023: Two residential developments in Liverpool by ethical property group Integritas Property Group (IPG) have now sold out in less than 3 months despite the UK’s challenging property market.

Copper Box located in Crosby and Vaux at Naylor Street in Liverpool, have become a focal point for investors who are swiftly capitalising on buy-to-let opportunities in the off-plan and renovation investment market. This trend is occurring amidst the backdrop of the UK’s buy-to-let market displaying remarkable durability despite prevailing economic challenges.

Liverpool property market

The vibrant property market in Liverpool stands out as one of the most rapidly expanding sectors in the UK. It consistently retains its allure for buy-to-let investors, maintaining its appeal due to its robust performance.

The city’s regeneration efforts have significantly boosted local infrastructure, leading to a price boom in the area. As a result, areas like Crosby (the location of IPG’s Copper Box) have been recognised as some of the top places to live in the UK by The Guardian.

Both Copper Box and Vaux at Naylor Street have benefitted from the brilliant market growth of Liverpool. During the regeneration of the city, Liverpool experienced a remarkable year-on-year growth of 8.6% in property prices between 2021 and 2022, with the average property price currently sitting at £215,794, with flats fetching over £141,424.

The strong price growth is expected to continue relative to the context of the wider UK property market, making the area well-positioned to generate strong returns from investments in Liverpool’s property market.

The wider North West region is also experiencing a period of growth, with average prices rising 7.2% over the past 12 months. This is being driven by factors including the economy, high employment rates and a high supply/demand imbalance.

The high desirability of cities such as Liverpool is due to its diverse culture, high quality of properties and strong communities, all of which are very attractive to investors looking for buy-to-let properties.

Leasehold

IPG’s Copper Box development has benefited from this growing market as investors look to buy well-built and ethical buy-to-let property, with its 27 apartments selling out to the investor market in just two months.

Sold as a leasehold with a share of the freehold with an anticipated 6.5% anticipated NET rental yield, this investment will see a benefit from the £14 billion already invested in Liverpool city centre. This comes ahead of the further £120 million, which has been attained through the Local Finance For Growth Fund.

Vaux at Naylor Street also saw a record pre-reservation sell-out, with its 62 apartments being snapped up within 17 days. With rents expected to yield 7.5% and short-term lettings investors yielding updates of 10% per annum, Vaux boasts an ideal city living experience for residents in a highly desired location. Vaux at Naylor Street is currently subject to planning, which is expected imminently but already, the development is greatly appealing to short-term let investors due to its proximity to the new £500m Everton Football Stadium.

Mitchell Walsh, IPG Founder and Managing Director, said: “We are thrilled that these developments have both now sold out and the buy-to-let market in Liverpool looks to be performing well.

“With the recent drop in inflation, investor interest should keep growing. It appears that mortgage interest rates may have already peaked and are expected to decrease further, which will likely keep investors motivated.”