Considering Liverpool is one of the biggest cities in the UK, prices for both rent and property are very affordable.
The average house price in Liverpool as of December 2022 was £183,512, over £100k below the national average of £295,000. This means Liverpool is one of the most affordable places to buy property in the country, making it an ideal place for student property where lower costs are key.
This affordability translates to the rental market as well. Home.co.uk reports that Liverpool has a median average rent of £745 per calendar month, again below the national average while still being high enough to offer investors attractive rental returns.
For both students and those investing in student property, this affordability is a key selling point for Liverpool. Students want cheaper rents so they don’t have to spend the majority of their student loans on accommodation, and investors want lower costs so they can have higher rental yields.