With two Premier League teams currently residing in the city, it could be said that Liverpool has football running through its veins. Indeed the local rivalry, known as the Merseyside derby, is one of the biggest features in the English footballing calendar.
New £300 Million Everton Stadium
And now one team, Everton FC, are due to get a brand new £300million stadium on their preferred site in the Bramley Moore Dock area of Vauxhall in Liverpool, right on the river Mersey itself.
Peel Holdings, the developer currently regenerating much of the dockland locale into the impressive £5billion Liverpool Waters project, have reportedly agreed terms with the club to acquire land for the build. And with the backing of Liverpool mayor, Joe Anderson, and the city council – who will act as a guarantor to help the club secure funding – a planning application could be submitted by the end of year.
The new 50,000 seater stadium will feature a unique look designed by top firm MEIS Architects, who recently got the go-ahead for their design of Roma football club’s new stadium. It is a big step forward in the development of the club as Everton seeks to join the echelon of Europe’s most elite football clubs – something both the board and the supporters have long dreamt of.
Between the new stadium, the rejuvenation of the Iconic Eldon Grove buildings, and the ‘Ten Streets’ project – which aims to turn the cluster of roads off Great Howard Street into a new creative hub – the council is hoping this level of mass regeneration could be transformative for the North Liverpool area.
2022 Commonwealth Games
And with this news also comes the possibility of Liverpool staging the 2022 Commonwealth Games. Durban in South Africa was due to hold the Games, but following financial constraints the city was unable to meet criteria set by the Commonwealth Games Federation in order to host the event. Having such a prestigious international sporting spectacle can provide a massive economic boost to the host city, thanks to both increased tourism and infrastructure investment.
Liverpool, who have previously stated their intention to bid to host the Games in 2026, have stepped up and offered to take them on four years earlier. Despite the shorter notice, mayor Joe Anderson is confident of his city’s ability to put on a good show. And Everton’s new stadium is expected to play a key role in Liverpool’s 2022 bid.
Significant Property Investment Benefits
This is an incredibly promising prospect, not just for the city itself, but also for property investors in Liverpool. You only have to look at the effect holding the Commonwealth Games is already having on Gold Coast, Australia (the host city of the upcoming 2018 Games), to see the significant benefits it’s having on property already. This year, A PRD Nationwide Report (part of Colliers International) found that between 2015 and 2016, both houses and units in the Gold Coast region recorded an increase in their average prices of 6.3% and 5.3% respectively!
Similar capital growth could be expected in Liverpool should the city secure the 2022 hosting duties. It is certainly an exciting time for local sports fans, and especially investors looking for that next sweet spot.
Still need a few more reasons why we think Liverpool is great place to invest, take a look at our article, Three Reasons Why North Liverpool is a Great Place to Invest.
If you’re already considering making an investment, then why not take a look at what we have on offer in Liverpool.