As always one of the first things that I look at before I start my working day is to see what new properties have been added to the various property portals that I scour.
I’ve come across two interesting properties both in the same development and both by the same vendor. These two properties are priced to sell at £120,000 each. Another reason I have chosen these properties is not only do they make a good yield but if anybody was interested in adding a few properties to their portfolio prior to April 2016 then putting an offer forward for these two bedroom apartments would make a great sense for both the purchaser and also the vendor.
The property is located on Sir Thomas Street in the heart of Liverpool City Centre and like most apartments in the City is very desirable. One of the apartment is currently let for £695 a month on the second property which is due to have a tenant moving to the property paying a rent of £725 a month giving this a combined monthly income of £1420. If you negotiated a 10% discount for purchasing the two, then this would give a combined sale price of £214,000 and a gross yield of 8%.
Currently there is another two bedroom apartment available for £135,000 and also a couple of one bedrooms for £109,500 and £114,500. Meaning these two apartments are definitely worth a look if you’re looking to increase your property portfolio.
The properties are both up for sale with Belvoir Liverpool Central and to view them click here
I have spoken to Lori at the Belvoir Office and currently she is waiting on confirmation of the management fees and ground rent for these properties but they should be with here within a few days.
As always, let me know your comments on this property deal or the blog