5 Jul

42 Alexandra Tower, 19 Princes Parade, Liverpool, L3 1BD – 2 Bedroom Apartment @ Auction

I’ve come across a two bedroom apartment located on the River Mersey that will be available at auction on Thursday 20th July through Allsop Auctions.

The property will go to auction with a guide price of £100,000 which is a fantastic purchase for a two bedroom apartment located in this popular development. Although I’ve not seen this property and there are no internal photos, I have seen a previous advertisement of the property and it looks a nice layout apartment. Click Here to view the previous advert that is available through Zoopla. This property had originally been sold for £187,650 back in 2009 and looking at previous sale prices in the development, then the last two bedroom to be sold went for £155,000 in March 2016. Click Here to view the previous sold prices in the development.

As I wrote recently (Liverpool Flats Out Perform Property Market Average by 21%), City Centre apartments prices have been increasing at a higher rate than most properties so I would feel this would be a great purchase as a short or long term investment. If you wanted to rent this property out, then you would achieve a rental income of around £8,700 and £9,600 dependant on the furniture and decoration.

Click Here to view the property

If you would like any further advice on this property, development or any other properties, then please do not hesitate to contact me on adamr@liverpoolpropertyblog.com