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1 bed Studio Flats in Liverpool £48,000

Available

Description

Property Ref: 5481
For viewing arrangement, please use 99home online viewing system.

Property Ref: 5481


Excellent investment Opportunity, Large studio student apartment tenanted - can be easily managed by the investor!!

An excellent opportunity to invest in Liverpool's ultimate student accommodation development, X1 Arndale House, designed to provide high end and stylish student accommodation

The development offers double en-suite rooms and studios, furnished to the highest standards offering students luxury accommodation.

The building also benefits from a wide range of communal facilities such as kitchens, a fully kitted out gymnasium, bike storage and communal lounges with SKY television are available to residents. All rooms are furnished with double beds, en-suite bathroom, LCD TV, work station (including free WiFi throughout) and storage space.

This makes for the perfect investment as There is a real shortage of student accommodation in a city that boasts many higher education offerings. This has led to a situation where there are excellent yields for investors in student accommodation.

The location is perfect for students as the development is just a five minute walk to Liverpool Lime Street station and within quick reach of all the main university campuses.

Double Ensuite Pod
Guide Price of £48,000
Approximate yield: 7.1% net
Tenanted for 2019/20 and ongoing after that through the management company.
48 week let @ £131 per week.

Financial Breakdown if managed by a management company.
Gross rent: £6,288
Ground rent: £250
Service charge: £2,082
Management fees: £603
Net income: £3,352
Gross yield: 13.25%
Net yield: 7%

Financial Breakdown if managed by the investor.
Gross rent: £6,288
Ground rent: £250
Service charge: £2,082
Management fees: £0
Net income: £3,956
Gross yield: 13.25%
Net yield: 8.3%

*Want to sell the flat, as I no longer plan to return to the UK and can't manage the flat remotely. This flat is ideally managed by an investor who lives in the UK or Europe. Pls email me for any questions you may have.

  • 1 Bedroom(s)
  • 1 Bathroom(s)
  • 1 Living Room(s)

Address: London Road , Liverpool, L3 8JA.

Guide Price: £48,000

For more details and to book an appointment,  Call our dedicated sales team now.

Disclaimer : 99home.co.uk is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate

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Key Features

Property Details

Property Type: Studio Flats

Bedroom(s): 1

Bathroom(s): 1

Living Room(s): 1

Address: London Road , Liverpool, L3 8JA

Lease Hold property options

Remaining Lease in years: 150

Yearly Ground rent cost: 250.00

Yearly management cost: 600.00

Status Available

Features

Parking

N/A

Outside Space

N/A

Heating

N/A


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