21 Jul

City Centre apartment with “THREE DOUBLE BEDROOMS (REALLY!)”

The agent who listed this apartment makes a really good point in the opening of the sales particulars: “THREE DOUBLE BEDROOMS (REALLY!) ONE WITH EN SUITE, RIGHT
IN THE HEART OF TOWN! YES THEY REALLY EXIST”  It’s not very often you see such a well proportioned three bedroom near the city centre – let alone the heart of it! I’ve spoken about Victoria Street earlier this year on the post about the new Shankly Hotel. Take a look at that if you’re unsure about location.

Reeds Rains City Living listed this property back in February and I’ve noticed after it being ‘SSTC,’ it’s available again. Perhaps the buyer had a change of heart? I’d definitely find out what went wrong but if there were no problems with the property itself, this is an investment opportunity worth considering.

You would expect to achieve around £1,000 per month, (maybe £990 to keep it simple for tenants). Based on paying full asking price, the yield on offer is almost 8.5%. There are no service charge details on the details but from experience selling on this road, they’re usually pretty low. It’s worth knowing that the communal areas in this building aren’t pretty but for three students who will be desperate to secure a city pad before September ’16 – it doesn’t matter!

Take a look at the property details here.

Feedback, questions and comments are more than welcome, as always.