Table of Contents
- Auction Properties in Liverpool
- Property prices in Liverpool
- Where should you look for auction properties in Liverpool?
- Auction Properties in Liverpool FAQ
- What kind of auction properties in Liverpool should you look for?
- 5 reasons to buy auction properties in Liverpool
Auction Properties in Liverpool
Buying auction properties in Liverpool, England
Whether you are a local or choosing to relocate to the city, there has never been a better time for buying auction properties in Liverpool, England. This city of 1.6 million offers a range of residential, commercial, industrial and investment properties to suit you – whatever your circumstances or budget.
This city of 1.6 million has come a long way since its near economic collapse in the 1980’s. Shipbuilding may be an industry of the past but there are employment opportunities in the fields of healthcare, public administration, financial services, education and tourism. If you have the financing in place, buying auction properties in Liverpool can be the wisest decision you may ever make and one you will never regret.
Property prices in Liverpool
The price of property in Liverpool is much cheaper than many other cities of similar size in the UK and a third cheaper than the capital. Apart from a few more affluent pockets, generally neighbourhoods in the north of the city tend to be much cheaper than the south.
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According to estate agents, the average residential property prices in Liverpool are (2019):
- Detached house: £308,000
- Semi-detached house: £188,000
- Terraced house: £115,000
- Flat: £119,000
When working out your auction property financing, the guide prices can be 10-15% cheaper than the above prices. However, interest from other bidders can cause this guide price to increase.
Commercial, mixed-use and industrial properties in Liverpool are also much less than the national average and start from £20,000.
Where should you look for auction properties in Liverpool?
Like most cities, each neighbourhood in Liverpool has its own distinct character and appeals to different types of people. Generally, the centre tends to attract young single professionals, students and couples who have yet to start a family. As their circumstances change, families tend to move out of the city into the suburbs.
Our recommendations for buying a property at auction in Liverpool are:
Located 20 minutes from central Liverpool, Crosby is one of the most historic suburbs of the city. Its location, on the coast and a short walk from the countryside, makes it particularly appealing to those who are comfortably off or who are upsizing. The property market in the area includes colourful villas along the seashore, large detached Victorian era houses as well as a range of semi-detached and terraced houses and flats. Its appeal has caused prices to rise in recent years with the average property price now set at £217,000, ranging from £433,000 for a detached house to £117,000 for a flat.
As well as being only 3 miles south-east of the centre, Allerton has two railway stations with good transport links to Manchester, Southport and Birmingham. Its low crime rate, good secondary and primary schools and close proximity to Calderstones Park (with a lake, play areas and botanical garden) make it a popular area for those with children or even those who want to get away from the noise of the busy centre. Property prices in Allerton range from £298,000 (for a detached house) to £184,000 (for a flat).
Voted by ‘The Times’ as one of the best places to live in the UK in 2019, Aigburth is only a 10-15-minute train commute into Liverpool Moorfields station. It has good schools and is the location of Sefton Park, a 235-acre Grade I listed park with many leisure facilities. Another reason for its popularity among young couples is the fact that property in Aigburth is relatively affordable considering all the benefits of living there. Large Victorian detached houses start at £383,000 while flats, many of which are converted town houses with original features, average at £155,000.
Childwall is another popular area of Liverpool and is served by a regular local bus service into the centre as well as two railway stations (Broadgreen and Mossley Hill). Its housing stock mainly consists of detached houses (average price: £430,000) and semi-detached properties (average selling price: £276,000). There are very limited opportunities to purchase terraced houses or flats in the area.
Located in North Liverpool, West Derby retains the atmosphere and character of the village it used to be before it became swallowed up by the outward growth of the city. This area is popular among people with families because of its good schools and the close proximity of Croxteth Hall Country Park with all its recreational facilities. The housing in West Derby is a mixture of large mansions, semi-detached houses, cottages and farmhouses. Prices start at £99,000 (for a flat) and go up to £243,000+ (for a detached house).
Auction Properties in Liverpool FAQ
How can I find auction properties in Liverpool?
Both local and national auction houses feature property put up for auction in Liverpool. Once you have done your initial search online through their websites, you can order their auction catalogues and browse through the available properties for auction in and around Liverpool.
How much are auction properties in Liverpool?
The average price of auction properties in Liverpool is around £145,000. However, the price varies according to the type, age, condition and location of the property. Look through the catalogue to get an idea of guide prices for available properties.
Which areas are best to find auction properties in Liverpool?
The best neighbourhoods for houses sold at auction in Liverpool are Crosby, Aigburth, Woolton, Mossley Hill and Anfield. You should also consider looking in the smaller towns and villages on the outskirts of Liverpool, as many good deals can be found when buying houses or land at auction in these areas.
Can I buy repossessed properties at auction in Liverpool?
Sometimes it is possible to buy repossessed properties at auction in Liverpool, but normally repossessed properties are sold through an estate agent before coming up for auction. You can also contact local finance companies and banks to find out about any repossessed properties for sale in Liverpool and surrounding areas.
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What kind of auction properties in Liverpool should you look for?
As a large city, Liverpool has a wide range of auction properties available – from residential to industrial. They range in size from small one-person apartments or corner shops to large industrial units suitable for setting up a factory. Our recommendations for anyone choosing to relocate to Liverpool are of three types:
Cheap properties in Liverpool
There are cheap properties to buy in Liverpool where a terraced house can be purchased for as little as £50,000-£80,000. Areas to watch out for are Anfield and Toxteth. The housing stock here mainly consists of old terraced back-to-back houses, old Victorian villas and post-second world war semi-detached houses. As inner-city neighbourhoods, they have had their share of problems in the past but there are opportunities for would-be buyers on the lookout for something affordable. Not only is it an easy commute into the centre of Liverpool but regeneration projects are being planned. A £260-million rejuvenation project is being finalised for Anfield in the coming 2 years which will see house prices rocket.
Commercial properties in Liverpool
Although Liverpool has its share of large chain stores and shopping centres, it is also a place where independent shop owners can easily make a living too. Each neighbourhood tends to support locally-owned businesses so it is worth doing your research to find out the prime location depending on the goods or services you are offering. Both Crosby (along South Road and Coronation Road) and Allerton (along Lark Lane) have a wide range of independent bars and restaurants as well as more quirky shops such as craft stores, vintage clothing shops and antique shops.
These are ideal locations to set up your business. You should also look for commercial properties in inner-city areas such as the Baltic Triangle and the Georgian Quarter while the Fabric District is also planned to be part of a regeneration project. Now is the ideal time to buy before prices rise.
Property for investment in Liverpool
It is estimated that there are 70,000 students attending Liverpool’s universities and colleges. This means that demand for rental properties in Liverpool is high. Inner-city neighbourhoods like Old Swan, Edge Hill, Dingle and Anfield have a variety of properties in the £80,000-£130,000 price range which could be purchased as buy-to-let properties. If you are interested in having rent paid for 12 months of the year, areas like the Baltic Triangle and The Georgian Quarter are very popular among young professionals because of their location within walking distance of the city centre.
Resources for property buyers in Liverpool:
Council tax rates in Liverpool from Liverpool City Council
General information about the city of Liverpool and surrounding areas from Visit Liverpool
5 reasons to buy auction properties in Liverpool
1. The friendly Scousers
The people of Liverpool have a reputation of being some of the friendliest in the UK. Their sense of humour and their strong community spirit is unusual for a city of its size and help to explain the appeal of Liverpool, making it an ideal city to find a family home.
2. The compact size of Liverpool
Liverpool has regular bus services but has no need of an underground. This is because once you reach the city centre, most places are within easy walking distance. Whether you have errands to run or are planning a night out, it is much cheaper and less stressful to go everywhere on foot. You can take transport links into account before looking for auction property in Liverpool or the outlying areas of the city.
3. Range of leisure activities in Liverpool
From theatres like the Liverpool Playhouse to the largest museum collection outside the capital, there is a wide range of cultural activities to do in Liverpool. For those interested in sport, the city is renowned for its football teams and Aintree racecourse among many other outdoor activities.
4. The beauty of Liverpool
With its views across to North Wales, the riverfront buildings along the Mersey have been extensively done up and look stunning after years of neglect. Other architectural delights in the city include the city’s two cathedrals. Just two good reasons Liverpool is very popular with property buyers.
5. Liverpool is the home of popular music
Although best-known for ‘The Beatles’, many other rock and pop groups have come from Liverpool. This long tradition continues to this day – from a Philharmonic orchestra to a thriving indie music scene, you will be sure to find a venue playing your kind of music in the city.
Bidding at a property auction in Liverpool is the quickest way to become the proud owner of a new home or business premises in the fraction of the time that a conventional sale would take. The speed of the process, however, means that a great deal of the research and preparation must be undertaken in the 4-week period before the auction.
Before attending the auction, you should have a thorough knowledge of the property (both legally and structurally) and make sure that the money is available. Mortgages for auction properties in Liverpool are possible but you need to act fast.