‘Huge appetite’ for investment opportunities in Liverpool amid high returns
Quick demand at Orleans House is a sign of property market success, says developer.
Words by Natasha Young | Sponsored content
Liverpool’s strong property market confidence is being demonstrated in the success of development Orleans House, according to the firm behind it.
Delph Property Group says its new homes at the historic building have proven a hit with investors following the scheme’s recent launch, and are an example of the wider picture in the city.
Liverpool is said to have emerged as a property hotspot within the Northern Powerhouse, with the city centre in particular attracting graduates and young professionals to skilled jobs and living costs which are cheaper than other UK destinations like London.
Richard Forman, head of sales and marketing at Delph which sold more than 20% of its Orleans House apartments in the three days following the launch, says: “The North West is beginning to offer fantastic returns on capital for investors and with the Liverpool property market stabilising and recovering well post-recession, confidence is certainly on the up in the city.
“Our early success with Orleans House clearly shows there’s a huge appetite for investment opportunities in the North.”
Prior to its investment in Orleans House, Delph Property Group ventured into Liverpool in 2013 with the West Tower residential development and believes the city has since seen “tremendous” growth.
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Delph suggests that, as property prices continue to rise by 7-8% per year – a statistic which puts it amongst the strongest in the UK – and Liverpool’s high rental yields are a significant target for buy-to-let investors, a 22.8% property price growth is predicted by 2021.
Richard adds: “At Delph Property Group we currently see huge potential in both Manchester and Liverpool.
“Several years ago, properties in these areas would have been a risk to purchase but we are now confident it will produce strong rental yields as the North West revival continues.”
The Grade II*-listed Orleans House on Edmund Street was originally a cotton warehouse and was, until recently, used as offices.
It is now being transformed into a mix of 71 luxury studio, one, two and three-bedroom apartments in the heart of Liverpool’s commercial district, with work due for completion during mid-summer this year.
The homes, which benefit from high specification features including fully fitted kitchens, integrated appliances, built-in wardrobes, an on-site concierge and secure car parking to selected apartments, are priced from £95,000 and are anticipated to be fully sold by the time the redevelopment of the building is finished.
Delph Property Group also says it is already on the lookout for further development opportunities in Liverpool amid the city’s continuing market strength.
For more information about Orleans House and to register an interest in apartments at the scheme, call 0151 236 7777 or visit www.orleanshouseliverpool.com.