12 Feb

8.4% Gross Yield – 1 Bedroom Apartment – Temple Lane, Liverpool, Merseyside, L2

I have spotted a 1 bedroom apartment, in this beautiful period conservation development in Temple Lane.

The property is located in the heart of Liverpool’s Business District, just off Victoria Street.

Due to this location, I would expect this property to be very attractive to professionals, as it gives easy access around Liverpool City Centre, and Victoria Street offers plenty of access links; including direct bus routes to Chester, The Wirral and Elsmere Port.

The property is currently tenanted and achieving an asking price of £550 per calendar month.

The property is currently on the market with JLL for £78,995. At this asking price you are securing a fantastic 8.4% gross yield.

There is no mention of the ground rent or the service charge, so you will need to check out the charges relating to this apartment and work out the net yield achievable.

Click here to view the property.

Click Here to view recently sold prices in Temple Lane.

If you would like any advice on this property or any other properties that you have may have seen in Liverpool, then contact me on adamr@liverpoolpropertyblog.com

7 Feb

Balantyne Grove, Bootle, Liverpool, L20 0AD – Tenant in Situ – 7% Gross Yield

I have noticed this lovely three bedroom house, located in the popular L20 area. This property is located just off Southport Road, and minutes away from Orrell Lane, where you will find local amenities including supermarkets, restaurants and bars.

The property is on the available for Offers Over £100,000, which is an excellent price considering the size, location and current condition of the property.

This property is offered for sale for investors only, as there is a long standing tenant in situ who has maintained and decorated the property to a very high standard. It has a bright lounge with a feature fireplace, a lovely kitchen, dining room, 3 large bedrooms and a family bathroom.

It is currently let to a lovely and reliable tenant who is paying £5,700 per annum; however I feel this could be increased to £6,300 per annum This is bringing back a gross yield of 7% based on an offer of asking price, which is an excellent return this type of property.

Although there is a tenant in situ who intends on staying long term, should she ever move out I do not feel this property would ever be empty for long! I would expect this property to attract families due to the ease of the local amenities nearby, the generously proportioned living space and the high volume of nearby schools.

Click Here to see sold prices in the area

Click Here to view other 3 bedroom properties currently for sale in the area

 

This property is not available on the open market, however it is for sale through myself, so if you are interested in this property, please do not hesitate to contact me on adamr@liverpoolpropertyblog.com

31 Jan

Ashburnham Way, L3 8QG – 3 Bedroom Townhouse – Potential HMO – 8.6% Gross Yield

There is a fantastic investment opportunity up for grabs here! A 3 bedroom town house, located just minutes away from the City Centre!

The property is 3 storey, and briefly comprises of kitchen/diner and wc on the first floor; the lounge, with patio doors leading rear outside area, master bedroom and family bathroom with shower on the second; and then on the 2nd floor, there are two double bedrooms and a shower room.

The layout of this property creates a fantastic opportunity for a HMO room by room let. In order to convert this, you could use the 3 bedrooms, along with the lounge as separate rooms to let, and then use the kitchen/dining area as a communal area. The property benefits from 2 main bathrooms and a downstairs WC, which is ideal for HMO lets.

If you were to rent this property out, we have estimated that you would achieve a rental income of £900 per calendar month. Based on the asking price, this is securing a fantastic 8.6% gross yield!

The location of this property is ideal for any young professionals or students due to its close proximity to the City Centre and the Royal Hospital, so letting it should never be an issue!

Click Here to see the property

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

24 Jan

Park View, Liverpool, L14 5ND – 2 Bedroom Apartment – Opposite Alder Hey Hospital – 8% Gross Yield

This deal is a two bedroom apartment in a popular development, Park View. This property is offered for sale for an excellent asking price of £90,000.

I have had many dealings with this development in the past, and never had any issues with letting it out or managing the properties.

The property is a very spacious and modern apartment, which briefly comprises of a welcoming hallway, large lounge, a bright kitchen, family bathroom, 2 double bedrooms and an en-suite to the master.

This property is currently let at £600 per calendar month, securing a fantastic 8% gross yield! This property would attract a small family, a couple, or even young professionals working in Alder Hey Children’s Hospital, which is located opposite.

The development does not currently have a management company, so there are no service charges to be paid at present, however this is something that they are looking to resolve.

Looking back at recently sold prices in this development, along with properties which have been marketed; £90,000 seems very low. On the market at the moment, there is also another 2 bedroom apartment which is being marketed at £130,000. There have also been several apartments to sell for much higher than £90,000 in Park View, so I think it is safe to say this one won’t be up for grabs for long!

Click Here to see recently sold prices in the development.

If you require any information about this property or any other properties or areas, then please do not hesitate to contact me on adamr@liverpoolpropertyblog.com