20 Feb

Lace Street, Liverpool L3 – 3 bedroom apartment – 8.6% Gross Yield

Today I’ve spotted a three bedroom flat that is just on the edge of Liverpool City Centre available for £139,950. The building lies within the John Moores University campus and is close to a number of the main buildings and is less than half a mile to the heart of the city. Three bedroom properties in or around Liveprool City Centre always proof popular with tenants as you can find either 2 or 3 tenants sharing a property bringing down their costs of living in the Centre.

This property is currently let for £1,000 per month so this property currently offers a gross yield of 8.6% if purchased at the asking price but will increase over 9% if you can secure a discount on the asking price. The ground rent is £275 per annum and the service charge is £900 per annum and the lease length is 125 years from 2010. With such a low service charge, then this makes a good investment.

If you would like to look in to this property further, click here to view it. There have not been any three bedroom sold recently but two bedroom apartments have been sold between £100,000 and £125,000 over the past few months. Click here to look at the previous sold prices for this apartment block.

If you would like further information on this property or any properties in Liverpool that you may have seen, then email me on adamr@liverpoolpropertyblog.com just send me a rightmove or zoopla link and I will give you my thoughts regarding the property