I have just noticed this one bedroom apartment in Westminster Chambers, Crosshall Street. This apartment lies in the middle of the commercial district, and the City Centre, and is just minutes away from Liverpool One! The development always proves popular with tenants, achieves good rental values, and it is on the market for a fantastic value of £80,000; so, it is not hard to see why I feel this is a great investment property!
The property is a duplex apartment, briefly comprising entrance hallway, leading to the spacious bedroom, handy built in storage cupboard and bathroom, then upstairs you will find the open plan lounge/diner. A modern kitchen has been fitted with fully integrated appliances and skylights allow the sun to flood the property throughout.
I feel the property could achieve approximately £600 pcm is marketed furnished at the right time of the year; giving this property a fantastic gross yield of 9%. You could expect to attract a variety of tenants in this development, from students, to professionals, or anybody just wishing to experience City Living!
I have had a look at previous sold prices in Westminster Chambers, and compared to other 1 beds in the development, this one appears very low. There are currently a couple on the market, varying in price from £80,000-£100,000. There is one other property along with this one which has been marketed at £80,000 within the past 12 months; however, it has been stated that they received an offer of £96,500 for it. The last one bedroom to be sold went for £98,500 in May 2017!
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Personally, I feel the prices in this development are going to continue to increase in the future in line with the growth of our City as the development is in a location which we would expect to always be sought after.
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