The Best Areas to Buy a Short-Term Let in Liverpool

The city of Liverpool is a popular destination for short-term lets and is the 5th most visited city in the UK, replete with iconic tourist attractions including the Cavern Club, Pier Head and St John's Beacon.

Why buy a short-term let in Liverpool?

Liverpool was internationally recognised as the UK's European Capital of Culture in 2008 and was named the UK's best large city for a short break, according to the latest Which? consumer champion survey.

The city boasts a flourishing creative arts scene, as well as being home to two Premier League football clubs. Its rich cultural heritage attracts a diverse visitor economy, equating to over £4.9 billion every year.

With its stunning Georgian architecture, historic monuments and vibrant atmosphere, alongside a selection of boutique shops, bars and restaurants, the cosmopolitan city attracts around 54 million tourists annually.

The latest insights on short-term letting for urban locations suggests a high demand for short-term accommodation in Liverpool, offering an excellent investment opportunity for those looking to maximise their rental income. We also found:

• Short-term rentals can generate 30% more profit than long-term holiday lets

• Daily rates can be optimised during peak times, i.e. holidays, events and festivals

• Cities such as Liverpool provide a lucrative opportunity to compete with the local hotel market, with increased bookings from students, tourists and business professionals

• Working with a short-term let management company to take care of changeovers can reduce the time in between guest stays and increase rental yields for your property

• Outside of London, Liverpool has the highest number of museums, parks, and listed buildings in the UK

Where are the are the best areas to buy a holiday home in Liverpool?

Buying a short-term rental property in Liverpool can be highly rewarding. Property investors in the northern city can expect to earn an average yearly income of £26,500, with a 47% occupancy rate.

With this in mind, we've researched different locations across the city to find out the best areas to buy a short-term let in Liverpool.

1. Liverpool City Centre

Liverpool city centre is one of the most popular areas for short-term lets. Conveniently located near a selection of notable attractions, from the Cavern Club and Liver Buildings to designer shopping malls, trendy bars and restaurants, the centre has plenty to offer.

Liverpool's Georgian Quarter and Ropewalks are a short stroll away, with their historic cobbled streets, vintage boutique stores and contemporary art galleries, as well as the creative Baltic Triangle district, universities and teaching hospitals.

With potentially high occupancy rates and affordable property prices, accommodation in Liverpool can offer a good return on investment, strong potential for rental yields and capital growth.

2. Albert Dock

Adjacent to Liverpool city centre is the Royal Albert Dock. Here you’ll find an eclectic mix of amenities, including the M&S Bank Arena, Liverpool Exhibition Centre, Mersey Ferries sightseeing cruise and a cluster of budget-friendly restaurants.

The world heritage waterfront is ideally positioned for exciting events and exhibitions, attracting a large number of tourists every year. It features top-rated museums and art galleries including the Maritime Museum, Tate Liverpool and The Beatles Story Museum.

Offering panoramic views of the River Mersey and close proximity to a wealth of attractions, the Albert Dock is a great location when choosing where to buy a potential short-term let.

3. Crosby

Situated in North Liverpool, the coastal town of Crosby is just a short 20-minute drive from the city centre. It has potential as a lucrative short-term letting location, with access to uninterrupted sea views and a scenic beach promenade.

Crosby has grown in popularity over recent years, with robust economic growth projections and a consistent demand for investment properties.

With pet-friendly walking routes, community attractions and easy access to transport links into the city centre, Crosby offers the best of both worlds and is an excellent place to buy a holiday home in Liverpool.

4. Everton

Whether you're a red or blue, the district of Everton is a convenient place to capitalise on sports tourism. Home to Everton FC's Goodison Park and nearby Liverpool Football Club's Anfield Stadium, demand for short-term accommodation in L3 postcodes is set to increase.

Everton Park and Brow Side Gardens Circular offers an excellent walking trail and impressive views of Liverpool City Centre. The area has benefited from major investment in recent years, including a new Everton FC Stadium and multi-billion pound Liverpool Waters project.

With competitive property prices in an area attracting millions of attendees every year, running a short-term let in Everton could be a great way to bolster your income.

5. Allerton

Nestled in the heart of South Liverpool, Allerton boasts vibrant high street dotted with independent businesses, including a range of local shops, pubs and restaurants.

It is conveniently located near a number of award-winning historic parks and gardens, including Calderstone's, Sefton, Otterspool, Princes, and Sudley Park. Sir Paul McCartney's former home on Forthlin Road and the famous Penny Lane sign can also be found in Allerton.

Offering good public transport links with bus and rail services, Allerton makes a popular choice for short-term holiday let investors with potential for high ROI.

6. Woolton

The leafy suburb of Woolton is a highly sought-after location for investors and tourists alike, featuring iconic Beatles attractions including St Peter's Church, Eleanor Rigby's grave, Strawberry Field and the childhood home of John Lennon.

Surrounded by picturesque woodland, historic attractions and award-winning floral displays, the urban village would make the perfect base for visitors in Liverpool. John Lennon Airport is a short drive away, with accessible transport links.

Woolton has a thriving community of local businesses, including a range of independent shops, pubs and restaurants. If you’re looking for the right property to buy in Liverpool, Woolton is a top investment choice.

7. Aigburth

The residential haven of Aigburth is a popular destination for students and tourists, thanks to its range of quirky boutiques, trendy eateries, and independent businesses.

The bohemian setting of Lark Lane and Sefton Park offer an oasis of calm with 200 acres of impressive gardens, a large boating lake, and the Grade II listed Victorian Palm House.

With its comparatively low house prices and vibrant atmosphere, Aigburth is an ideal spot for keen investors looking to maximise their short-term rental returns.

Let Sykes help find a short-term let to buy in Liverpool

Property investment is an potentially rewarding prospect, but can also be daunting if you're new to the short-term holiday let industry.

Sykes provide a tailored and competitive service to help find a property that matches your unique requirements and budget, handling all aspects of short-term letting - from holiday let mortgages to optimising your pricing strategy.

When you've signed up with us, you will also have access to the Sykes Owner App with exclusive insights and discounts. Choosing Sykes for your holiday let agent means you can enjoy the benefits of short-term letting for your Liverpool holiday rental, without the hassle. 

Use our Holiday Let Income Calculator to find out how average earnings from short-term lets in Liverpool compare to other locations in the UK.