City Lofts, 1 William Jessop Way, Liverpool, L3
I’ve spotted this fantastic investment property which is in the beautiful development that is City Lofts on the waterfront. It’s a one bedroom south facing apartment that that has views of the River Mersey and is available for only £95,000.
I love this development due to the location (it’s in the city but close to the waterfront and away from the hussle and bussle that you may get in the heart of the city centre). Although the property is near 10 years old, the concierge and communal areas still look modern, fresh and very clean. The two gentlemen who work the concierge (John and Tony) are friendly, helpful and knowledgeable about the development and the area.
There is no parking available with this apartment but I know that there are spaces available to rent through other residents who do not use there spaces which would help with tenants who have a vehicle and require parking.
These apartments always rent very well and I’ve had plenty of experience of renting and selling at this development and we’ve on average achieved £7,200 per annum but with prices now increasing were have recently achieved £7,500 per annum making this property a 8% gross yield and taking away the annual service charge £1,296 and annual ground rent £250 brings the net yield down to 6%. I’ve offered better returning investments but there is still plenty of capital growth to be achieved with this apartment and that’s why I am showcasing it.
At this low price, this property will not be on the market that long. CLICK HERE to take a look at this great property.
As always, I welcome your comments regarding this property and the blog.