Table of Contents
Popular Property Types for Short-Term Lets
- Liverpool
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Yield
Property Price
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- Liverpool
Deposit
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Yield
Property Price
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Why Liverpool is a Prime Location for Short Term Lets in 2024
Liverpool is becoming a hotspot for short term lets. Tourism is booming with visitors flocking to see the Beatles Statue, and the Royal Albert Dock. Another point of attraction here is the Anfield. If your property is just a short walk from these key spots, you are practically guaranteed full bookings. This will be in case of both normal season and during peak tourist seasons.
But it is not just tourists. Liverpool’s tech and creative sectors are growing fast, attracting business travellers who prefer serviced apartments and self-catering accommodation over traditional hotels. Properties close to Liverpool Central Station and John Lennon Airport are especially in demand. This is because they tend to offer a blend of convenience and comfort.
The city centre is where most investors are looking. But areas like Ropewalks and Tuebrook are emerging as prime spots for short term rentals. They offer a mix of affordability and great access to key landmarks. With Liverpool’s rich culture and increasing demand, 2024 is shaping up to be a stellar year for investors in short term rentals. If you are after high yields and steady bookings, Liverpool has got you covered.
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Key Areas for Short-Term Rentals
City Centre
If you are looking for a place with constant demand, the Liverpool city centre is where you want to be. We have found that properties here, whether it is a studio apartment or a serviced apartment, are always in demand—especially being close to major spots like Liverpool One, the Royal Albert Dock, and the Lime Street Station. There is no shortage of action. Guests love that everything is just a short walk away, whether they are heading to the shops, checking out the Empire Theatre, or grabbing a bite at the docks. Trust us, if you can snag a property here, you are pretty much guaranteed solid bookings year-round. You know what they say: location, location, location.
Ropewalks
Now, Ropewalks—this place has character. It has got this cool, artistic vibe that draws in a younger crowd. We have had great success with short term lets here, especially because it is right by the city centre but with a more affordable edge. Ropewalks is full of life, with quirky bars, indie restaurants, and creative spaces. People coming for a fun weekend or a cultural trip love staying here. We have noticed guests also appreciate the fact that it is still close to Liverpool Central Station, making it convenient while offering a different, more laid-back feel than the busy city centre.
Tuebrook
Tuebrook may not be the first place that comes to mind, but that is exactly why it is a smart move. We have seen more investors shifting to this area because it is up-and-coming, and prices are still reasonable. The neighbourhood is more residential. This is perfect if you are targeting young professionals, students or people who want a quieter stay. Properties here tend to offer more space for the price, which is always a draw for longer-term bookings. The best part? With a few updates, you can transform a simple property into a great income generator.
Benefits of Investing in Liverpool Short Term Lets
Honestly, when one of our investors first got into Liverpool short term lets, he did not realise just how many benefits there were. The biggest one, hands down, is the rental yields. Compared to traditional long-term rentals, short term lets can offer way higher returns, especially during peak seasons like football matches at Anfield Stadium or big events at the Echo Arena. You can charge more per night, and when you add it up, the returns are pretty impressive.
Another thing you would love about short term lets is the flexibility. Here you are not restricted to a long-term contract with just one tenant. You can adjust your rates based on demand. Like rising them during tourist season or lowering them during quieter times. It is also perfect if you want to use the property yourself for a weekend or offer it to friends and family.
Location is everything, and with Liverpool, it feels like you cannot go wrong. Properties in areas like the city centre or Ropewalks are always in demand because they are within walking distance to hotspots like the Royal Albert Dock and the Lime Street Station. Guests love the convenience, and that just makes your property even more attractive. Plus, with the city growing and property values rising, you are not only getting short term rental income but also long-term capital appreciation.
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How to Maximise Returns on Liverpool Short Term Rentals
When it comes to squeezing the most out of your Liverpool short term lets, there are a few tricks that we analysed along the way. First off, pricing is everything. You have got to stay flexible with your rates. It is all about knowing when to increase your prices, like during big events—football matches at Anfield Stadium or concerts at the Echo Arena are prime times to boost your nightly rate. But do not forget the quieter months. Offering discounts during off-peak times keeps your property occupied rather than sitting empty.
Another key is presentation. You need to make your property look as attractive as possible on booking platforms. Invest in professional photography—it is worth every penny. We have seen how much of a difference a few great photos and some careful staging can make. Make sure your place is clean, cosy, and feels like a home away from home. Guests love things like a flat screen TV, free wifi, and a comfortable dining space.
With this you can get great reviews and a higher Airbnb ranking.
Third is to build a positive guest experience. You can do this by creating a memorable stay for your guests. This can be done via adding some personal touches or having a great communication. At the end of the day, happy guests mean more revenue, so it pays to go the extra mile!
Property Features That Attract High-Value Guests
Over the years, one thing investors have realised with Liverpool short term lets is that high-value guests expect more than just a basic place to stay. It is the little touches that really make a difference. You want people to walk in and feel like they are getting more than they expected, right? That is what gets you the repeat bookings and glowing reviews.
Modern Amenities and Smart Technology
Here is the thing—guests love convenience. Investors have noticed that adding smart locks was a game changer for them. Nobody wants to fiddle around with keys these days. A quick and easy code for entry makes life simpler for the guest and for investors like you. And you would be surprised how much people appreciate that bit of modern tech. It is all about removing the hassle.
Then there is high-speed wifi—an absolute must. You would be amazed how many people travel with the expectation that they can stream Netflix or get some work done. One of our investors used to overlook this, thinking “oh, it is not that important,” but trust us, it is. Also, if you can throw in something like a flat screen TV or even a hot tub (if the space allows), you are going to make your property way more attractive. These things do not just get you better guests; they get you higher rates.
Legal and Regulatory Considerations for Short Term Lets in Liverpool
When Olle (one of our clients) first got into Liverpool short term lets, he quickly realised the legal stuff can be a bit tricky. There is more to it than just finding a great property and getting guests in. You need to make sure you are following all the local rules, and Liverpool has its fair share of them.
One thing that caught him by surprise was planning permission. You might think you are all set once you have got the keys, but in some areas of Liverpool, especially around the city centre, you could need planning approval if you are switching a property from residential use to a short-term rental. Do not make that mistake—check with the local council first.
Another thing Olle realised is how crucial it is to meet health and safety standards. You are responsible for making sure your place has the proper smoke alarms, carbon monoxide detectors, and fire escape routes. And then there is the paperwork—getting a Gas Safety Certificate and Electrical Safety Certificate is not just a box-ticking exercise. It keeps everyone safe, and honestly, it gives us peace of mind knowing we have done everything right.
Insurance, though, is something he wish he had paid more attention to earlier. Regular home insurance? Forget it. It does not cover short term lets. You will want specific short-term rental insurance to protect against things like damage, theft, or even a guest getting injured. We figured this out after hearing a horror story from another investor, and trust us—you do not want to be in that situation.
Angel Gardens
Angel Gardens is located in an up-and-coming district of Liverpool. It is in close proximity to two major regeneration projects: the £150 million Project Jennifer and the £5.1 billion Liverpool Waters scheme.
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Top Tips for First-Time Investors in Liverpool Short Term Lets
If you are just getting started with Liverpool short term lets, there are a few things you need to understand before getting started. The first tip is to analyse the property location. Liverpool is a vibrant city, and while the city centre and areas like Ropewalks are great for rentals, you will want to dig into what type of guests you are aiming for. Are they tourists, business travellers, or maybe students? Picking the right spot is key.
Another big one is setting a budget—then sticking to it. It is easy to get carried away when you are kitting out a property, but remember, every penny counts. We have seen some first-time investors overspend on unnecessary luxuries, and that eats into your profit. Focus on what guests actually care about: high-speed wifi, a comfortable bed, and a well-equipped kitchen. Those extras like fancy furniture? Not always worth it in the beginning.
Finally, one of the most important thing is to find a good property management company. If you are not based in Liverpool or just do not want to deal with the day-to-day tasks like guest communication, it is worth every pound. You will get more bookings and better reviews, and you can sit back and watch the returns come in without all the stress. But if you decide to manage it yourself, make sure you are ready for the hustle—it can be more time-consuming than you think!
Area Guide
Tom Collins
I’m your go-to broker, on a mission to make things simple and smooth when making your investment with me! My journey at Flambard Williams has been shaped by working in various financial fields and working closely with clients and their goals.
