1 bed Flat for sale, Liverpool
£33,000 ll
Property Ref: 5481 **KINDLY NOTE! ** THE SELLER IS OPEN TO OFFERS Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need to apply!.. Large double room student apartment tenanted till 2021…….!! 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 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 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. Financial Breakdown * Double Ensuite Pod (157 Square feet) * Tenanted till Aug 2021 * Guide Price of £33,000 * Gross rent: £5,280 (Currently rented at £110 per week. This should increase to £131 after COVID making the gross rent £6288). * Ground rent: £250 * Service charge: £1,817 * Management fees (9.6%): £506 * Net income: £2706 * Gross yield: 16% * Net yield: 8.2%.. If the flat is managed by the investor, the yield will be 10% as there will be no management fees..
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