Liverpool Property Market Update: On the Waterfront

Views, sounds and amenities are among the draws to living in a waterfront property – and it can be difficult to find one to suit. Demand is high, both to buy and to rent, so waterfront properties in Liverpool are a resilient investment. And those in Liverpool are up there with the best.

Liverpool waterfront properties compared to other UK destinations

Two things make Liverpool stick out: price and projects.

Prices

Liverpool’s affordability compared to other parts of the UK attracts those seeking the lifestyle. Liverpool’s waterfront developments are approximately 75% less expensive than London’s or the South West’s; over 45% less than Edinburgh’s and Brighton’s; and an average 15% cheaper than Manchester’s waterfront residences.

Prices may be lower but they have experienced robust growth. The average price for one-bedroom or two-bedroom apartments in 2024 is £280,000, a 5% increase on 2023.

Rental prices have risen by approximately 7% on 2023. One-bedroom apartments are now an average of £900 per month, two-bedroom apartments are around £1,200 per month and three-bedroom units average £1,500 per month.

The rental market is buoyed by several factors, including the influx of professionals attracted by the city’s economic growth, Liverpool’s regeneration projects, and the appeal of affordable waterfront living.

No surprise then that Liverpool continues to thrive as a prime location for waterfront property investors and homebuyers.

Projects

The Liverpool waterfront area blends historic charm and modern development. You’ll be well aware of Tate Liverpool and the Maritime Museum in the Royal Albert Docks. Liverpool’s appeal is being further enhanced by substantial regeneration, such as the £5.5 billion Liverpool Waters project, one of Europe’s largest regeneration schemes. This development, in which Romal Capital is a key player, is transforming 2.3 kilometres of River Mersey docklands into a vibrant mixed-use destination. Within this scheme is completion of the New Everton Stadium and the Isle of Man Ferry Terminal due to be completed by 2025.

Impact of Romal Capital Developments

Romal’s projects are designed to enhance the residential appeal of the area. The Quay and Park Central buildings are already complete. While luxury waterfront apartments at West Waterloo Place are under construction.

Summary

Liverpool’s waterfront property market is competitive and growing, supported by major regeneration projects and economic development. Owners and investors looking for growth potential at a relatively lower entry point will find Liverpool particularly appealing.

To book a viewing at our latest waterfront development then please contact one of our friendly sales team or call +44(0) 151 372 0728 to find out more.