New homes snapshot – Merseyside proving the place to be for property investors

Taking its name from the River Mersey, the county of Merseyside in North West England is made up of five metropolitan boroughs: Liverpool, Knowsley, St. Helens, Wirral and Sefton.

Property investors are looking even more towards Merseyside for investment opportunities. Research from Private Finance mortgage brokers has shown that Liverpool is the next property hotspot, with low average house prices (£122,283) and strong monthly rents (£1,021pcm). Steve Rotheram, the Metro Mayor has called for the government to make rail investment in the north a priority with a commitment to build the HS3 rail link – otherwise known as the Northern Powerhouse Rail.

This week it was announced that a plan to transform Liverpool’s Welsh Streets area has been approved. A previous plan, worth £15m was blocked by the government in 2015.

The plan will see around 300 homes being either newly built or refurbished by development company PlaceFirst. About a third of the homes will be four-bedroom house, 109 will have three bedrooms and 61 will be two-bedroom homes. A council spokesman said that 30 would have affordable rent, 35 would be available using the shared ownership scheme, 194 would be let at market value and 35 would be available to buy.

Here is a snapshot of some of the new homes available in Merseyside…

Upton Pines, Wirral (Stewart Milne Homes) – Upton Pines is a collection of two-, three-, four- and five-bedroom homes located in Wirral. Ideal for families, Upton Pines residents will have easy access to the amenities of Upton, including excellent educational facilities, restaurants, a medical and dental practise and an award-winning fish and chip shop. Help to Buy will be available. Prices are to be released. View more about Upton Pines from Stewart Milne Homes

Summerhill Park, Liverpool (Redrow Homes) – Offering two-, three- and four-bedroom homes, Summerhill Park is just a 10-minute drive from the centre of Liverpool city. The development is also near to the M62 and the M57 making it a popular choice for commuters. Help to Buy is available on many of the homes in the development. Prices start from £251,995. Read more about Summerhill Park from Redrow Homes

Victoria Gardens, St. Helens (Morris Homes) – Comprising just 87 homes, Victoria Gardens is made up of two-, three- and four-bedroom homes. The development has good road links for Liverpool, Manchester and Warrington, making it a popular choice for commuters, as well as for families, who will love the outstanding primary and secondary schools in the area. Prices start from £168,705. Find out more about Victoria Gardens from Morris Homes

Pavilion Gardens, Southport (David Wilson Homes) – Located in the historic seaside town of Stockport, Pavilion Gardens is a collection of two-, three-, and four-bedroom homes, conveniently located to give residents easy access Southport. Prices start from £209,995, and Help to Buy and Part Exchange are both available. Read more about Pavilion Gardens in from David Wilson Homes

Trinity Lodge, Formby (Churchill Retirement Living) – In the beautiful coastal town of Formby in the borough of Sefton lives Trinity Lodge, a retirement development of 42 one- and two-bedroom apartments. Trinity Lodge is just a short walk from the main high street, and the development has a Lodge Manager on site, as well as Guest Suite for visiting friends and family. Find out more about Trinity Lodge from Churchill Retirement Living