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1 bed flat for sale

£78,710

Plato House, Greek Street L3

1 1 1
Interested in this property? Call 0151 382 1331 * or

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Property features

  • Site sold out- call address properties for information on new, exciting investment opportunities!
  • Guaranteed return- 7.75% net yield
  • 86 Studios Over 6 Floors
  • High Quality Studio Apartments
  • Within A 10 Minute Walk To All Three Main Universities
  • Large Common Area, Laundry Facilities And Reception Area
  • Full Maintenance And Management Companies In Place

Property description

Site sold out- call Address Properties for information on new, exciting investment opportunities!Another fantastic investment opportunity from Pinnacle MC Global! With guaranteed returns of 7.75% minimum! Plato House is an Off Plan Investment Opportunity of 86 Studio Apartments in Liverpool City Centre- within a 10 minute walk* of Liverpool's 3 major universities and the training hospital, close to major transport links, shopping areas and much more!- Great Location! The rooms are furnished to a very high specification! Briefly comprising entrance area with wardrobe, opening onto... Study Area with desk, chair and shelving. Bedroom area- comprising a queen size bed* and shelving. Kitchen/ Dining Area- Kitchen comprises a range of white, high gloss wall, base and drawer units incorporating work-surfaces with a stainless steel sink and drainer. Cooker with hob. Breakfast bar with stools. The En-Suite includes shower cubicle, vanity sinkunit and toilet.Shared facilities include: • Reception area • Manager's office and security • Access to the lower ground common room and laundry • Lift to all floors • Toilets • Cycle storage • Bin storeStudent accommodation has proved to be an extremely lucrative investment. The student sector has been ranked by The Times as the top asset class in the uk's property market.Call now for more information!

Plato House
Plato House is a purpose built development comprising of 86 units over six floors. It offers a variety of spacious fully furnished studio rooms

Studio Example
Each Unit will be equipped with:• Small double bed (4ft wide)• Fitted wardrobes• Workstation with study chair• Shelving and drawers• En-suite bathroom with shower cubicle, vanity sinkunit and toilet• Carpet, blinds and light fittings• Internet with hi speed Wi-Fi or Ethernet connection

Shared Facilities
• Reception area • Manager's office and security • Access to the lower ground common room and laundry • Lift to all floors • Toilets • Cycle storage • Bin store

Other Information
Assured net rent each year for the first 5 years Annual Minimum Net return of £6100 (no additional or hidden costs)The rental income will be payable quarterly in arrears by bankers order direct to the buyer's account. Payment of the rent and the other obligations under the sub-lease will be guaranteed by the Developer. Leasehold: 999yearsExchanges Commence: Oct 2014Completion Est: Sept 2015Ground Rent: £500 (subject to review every 5 years)

Payment Options
Reservation Fee= £3000Option A: 50% (less the reservation fee) upon exchange, stage payment of 30%, 20% upon completion This option includes a 4% Coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement. The stage payment will be due 2 months after exchange. Option B: 80% (less the reservation fee) upon exchange, 20% upon completion. This option includes a 5% Coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement.

Investment Summary
Purchase Price: £78,710Yield: 7.75%Annual Minimum Net return of £6100 (no additional or hidden costs)Quarterly Income: £1525

Armchair Investment
The Development will be managed by Harper Brooks, a company which specialises in managing rental accommodation. Harper Brooks will be responsible for:-• Providing a full tenant sourcing service, including marketing of the unit, conducting viewings and completing all relevant paperwork, referencing and obtaining reservation deposits.• General day-to-day lettings management including collection of rents, checking students in and out of the unit ensuring a full inventory has been completed to protect the landlord (buyer). Harper Brooks are the central point of contact for the students.• Maintenance and cleaning of communal areas; receptions, hallways, kitchens, study areas.• Maintenance and cleaning of external areas and the appearance of the building.The cost of provision of these services (including a management charge) will be recouped by the Developer from the buyers through a service charge. The service charge will include a contribution to a sinking fund to cover maintenance and repairs. During the first 5 years the service charge will be re-charged to the sub-tenant, Student Luxury Living Limited


Property info

Market activity
Average price paid £154,723 Sales 240 Current average value £178,374 (Zoopla Zed-Index) Value change £6,509 ▲ 3.79%

Property value data/graphs for L3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £216,490 £126 3.8 £75,000
Semi-detached £170,265 £239 2.7 £163,540
Terraced £166,754 £206 2.9 £177,383
Flats £179,249 £258 1.9 £154,441

Current asking prices in L3

Average: £150,550
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £112,775
(7)
£176,983
(9)
£199,000
(5)
£251,667
(3)
-
Flats £97,942
(295)
£183,625
(210)
£420,867
(37)
- -
All £98,286
(302)
£183,352
(219)
£394,455
(42)
£251,667
(3)
-

Current asking rents in L3

Average: £1,374 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £561 pcm
(10)
£864 pcm
(18)
£1,173 pcm
(4)
£1,115 pcm
(3)
£2,058 pcm
(1)
Flats £619 pcm
(74)
£831 pcm
(122)
£1,224 pcm
(17)
£2,138 pcm
(7)
£2,253 pcm
(1)
All £612 pcm
(84)
£835 pcm
(140)
£1,214 pcm
(21)
£1,831 pcm
(10)
£2,156 pcm
(2)

Fun facts for L3

Highest value in L3
Highest value streets Zed-Index
Albert Dock £365,670
Navigation Wharf £262,841
Coburg Wharf £252,685
Wapping Quay £252,467
Princes Parade £247,512
Highest turnover in L3
Highest turnover streets Turnover
Lace Street 45.1%
Brook Street 41.3%
Burlington Street 29.2%
South Ferry Quay 28.7%
St. Andrew Street 26.8%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (474 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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  • currently stars
  • 1
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  • 1
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  • currently stars
  • 1
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  • currently stars
  • 1
  • 2
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  • 5
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  • 1
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  • 5
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  • currently stars
  • 1
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  • 5

Nearby transport

  • Liverpool Lime Street (0.2 miles)
  • Liverpool Central (0.4 miles)
  • Moorfields (0.7 miles)
  • Liverpool John Lennon Airport (7.3 miles)
  • Blackpool International Airport (25.2 miles)
  • Manchester International Airport (29.1 miles)
  • Liverpool Pier Head Ferry Terminal (1.0 mile)
  • Liverpool Isle of Man & Dublin Terminal (1.1 miles)
  • Seacombe Ferry Terminal (1.8 miles)

Nearby schools

View all schools in Liverpool
  • Pleasant Street Primary School (0.3 miles)
  • St Nicholas's Catholic Primary School (0.3 miles)
  • Holy Cross Catholic Primary School (0.5 miles)
  • The City of Liverpool College (0.3 miles)
  • LIPA Sixth Form College (0.6 miles)
  • Liverpool Life Sciences UTC (1.0 mile)
  • Christian Fellowship School (0.9 miles)
  • North Liverpool Academy (1.1 miles)
  • Notre Dame Catholic College (1.2 miles)
Note: Distances are straight line measurements

Local info for Liverpool

About the neighbours in L3

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For more information about this property, please contact
Address Properties, L18 on 0151 382 1331 * (local rate)

Monthly running costs Beta

£450 Monthly total
Mortgage
Purchase price
Deposit (10%) 7,871
Repayment term 25
Interest rate 0.5
Your payment £251 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £17/mo (£202/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £18 Electricity £28 Estimated energy cost £46/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Liverpool

Estimated tax band A Council tax cost £108 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Address Properties, and do not constitute property particulars. Please contact Address Properties for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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