18 Sep

South Cantril Avenue, Liverpool L12 – Gross Yield of between 7% – 8%

I’ve been looking for a good property to purchase that has instant equity as well as offering a good yield but looking at some of my favourite areas, I’m noticing that asking prices are moving up. At the start of the year, there seemed to be a glut of potential investment properties at a reasonable price but these have all been snapped up.

I have noticed a property that I feel would make a good investment property as it will offer a good yield along with attracting a long standing family to the property due to the size, location and garden.

The property is on the market with Keybanks in West Derby and the property itself is a mid terrace property that has been refurbished to a good standard. The benefits of this property are the driveway, UPVC windows, new roof, excellent condition kitchen, great size rear garden, three good size bedrooms.

The property is on the market for an asking price of £100,000, there hasn’t been many property sales recently and the last few sales were around £80,000 back in 2014 and 2013 and both properties needed full refurbishments on them so I do feel the asking price is probably a fair price but as always, I would like to achieve a 10% discount on the asking price. There had been a property sold for £28,000 but this property was never on the market so it would suggest to me that it was a private sale and the property was mortgageable.

I have rented a couple of similar properties and we have always had good interest in them so I would feel you would look to achieve between £6,900 per annum and £7,200 per annum/ for the property giving the property a gross yield of between 7% and 8% for a low hassle investment.

Click Here to View the Property Advert.

Click Here to View the Sold Prices in the Road

There is some great buy to let mortgage deals available and if you have a deposit of 30%, then you can get a 2 year fixed deal for less than 1.5%, this certainly makes up for there not being many bargains on the market.

If you see any other properties that you like the look of, then email them over to me to adamr@liverpoolpropertyblog.com and I will give you my honest and professional opinion on them, I am here to help you invest in my great city of Liverpool.

8 Sep

2 Bedroom Duplex Apartment – 135-137 Dale Street – 7.8% Gross Yield!

A two bedroom duplex property on the top floor of 135-137 Dale Street has just come onto the market! The property has a great asking price of £105,000. The property lies in the heart of the business district in Liverpool, however is only minutes away from Liverpool’s iconic Cavern Club, the Metquater, plenty of restaurants, shops, bars and cafes and a short walk away from Liverpool One!

Although there are no pictures of inside the property as of yet, I have actually visited the property myself and the property is very spacious and in good overall condition. The master bedroom is upstairs, and reaches the entire width of the flat.

 

I feel this property would rent out very easily, as properties in the business district always proves popular with tenants. The property allows the convenience of  City living, from a quiet distance.

The apartment could achieve a rental income of £7,800 per annum. This is bringing back a great gross yield of 7.8%, plus brings along a high chance of capital growth as our City continues to grow out so quickly.

 

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

30 Aug

National Bank Building, Fenwick Street, L2 7NE – One Bedroom Apartment – 11.9% Gross Yield!

A one bedroom property on the 5th floor of the National Bank Building has just made its way into my property search! The property has a fantastic asking price of £60,000, which is an unbelievable price for a property in this prime location in the heart of the business district in Liverpool.

Not only is this a great asking price, I also feel the potential for capital growth in this property will be excellent as the City continues to grow with new business opening constantly!

The apartment is currently let at £7,140 per annum. This is bringing back a very high gross yield of 11.9%!! Who could resist these figures?!

From the look of the pictures, it appears to be in fair condition, however I feel with a bit of freshening up there could be an increase in value for both the sale and the rental income of this property.

In my experience, properties in the business district always proves popular with tenants, as it allows City living, convenience of local amenities and ease of transport, without the noise and rush of Liverpool One. This particular development is just set back from Water Street and just a stone throw away from Castle Street where you will find plenty of bars and restaurants. Liverpool One is within walking distance, and Liverpool’s picturesque waterfront is just minutes away. Click Here to see this property on the map.

I also notice this property has a very long lease length of 982 years remaining, and all heating bills are included in the service charges, which is excellent for a hassle free investment!

I have had a look at previous sold prices in Fenwick Street, and compared to other 1 bed, this one appears very low.

Click Here to view the previous sold prices.

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

24 Aug

Bingley Road, L4 2TB – Two Bedroom House With Tenant in Situ – 7% Yield!

I have stumbled across this immaculate three bedroom house, located in the popular L4 area. This property is located just off Priory Road, and minutes away from Breck Road where you will find local amenities including supermarkets, restaurants and bars.

The property is on the market for £87,500, which is an excellent price considering the size, location and current condition of the property.

This property is offered for sale only for investors, with a long standing tenant in situ who has maintained and decorated the property to a very high standard. It has a bright lounge, through diner and a nice clean kitchen, 3 large bedrooms and a shower room.

 

It is currently let to a lovely and reliable tenant who is paying £5,940 per annum. This is bringing back a gross yield of 7% based on an offer of asking price, which is an excellent return for a property in Anfield.

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, or it could even be used for Air B&B due to its close proximity to Anfield Stadium!

Click Here to see sold prices in the area

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