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Studio for sale

£72,950 From

Norfolk Street, Liverpool L1

1
Interested in this property? Call 020 8022 0281 * or

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Property description

Investors:
9% fixed income for 3-5 years
Investors
Located in Liverpool's Baltic district
Student 3 bedroom cluster & studios
Property description
Investors 9% assured net rental income for first 3 - 5 years

Investment Units

The Baltic House offers a range of room types to match different student accommodation budgets. We have a range of investment units available from clusters of "pods" to spacious studio apartments. This provides a broad range of investment opportunities for investors with differing budgets. All of the accommodation has been designed with the student in mind, maintaining a contemporary and creative aesthetic in keeping with the development's cultural location.

Baltic House

Baltic House features 287 units comprised of three-bed clusters, three-bed duplex clusters and self contained studios.

The Baltic area's mix of cutting-edge galleries and venues, independent retail and bohemian cafe culture are a strong draw to both students and young professionals. The area has become a magnet for startup businesses and is the hub for Liverpool's emerging creative and digital cluster. The area hosts a number of important cultural and musical event including the nationally recognized Binary Festival showcasing digital innovation. Baltic House will be Liverpool's most desirable student address in the city's most sought-after urban neighborhoods.

As the area's convenient city centre location and attractive ambiance become increasingly recognized investors can look forward to excellent net yields and an ongoing rise in values.
Market activity
Average price paid £143,966 Sales 67 Current average value £153,578 (Zoopla Zed-Index) Value change £4,027 ▲ 2.69%

Property value data/graphs for L1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £161,747 - 2.2 -
Semi-detached £180,006 - 3.2 -
Terraced £304,450 £271 3.9 £468,125
Flats £149,809 £219 1.8 £123,071

Current asking prices in L1

Average: £115,070
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £61,667
(3)
£207,500
(5)
- - £424,500
(2)
Flats £89,941
(242)
£157,973
(66)
£246,719
(11)
- -
All £89,594
(245)
£161,460
(71)
£246,719
(11)
- £424,500
(2)

Current asking rents in L1

Average: £965 pcm
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £527 pcm
(2)
£848 pcm
(9)
£1,309 pcm
(3)
£1,647 pcm
(1)
£2,438 pcm
(2)
Flats £635 pcm
(48)
£800 pcm
(71)
£1,107 pcm
(7)
£472 pcm
(1)
£2,500 pcm
(1)
All £630 pcm
(50)
£806 pcm
(80)
£1,168 pcm
(10)
£1,060 pcm
(2)
£2,458 pcm
(3)

Fun facts for L1

Highest value in L1
Highest value streets Zed-Index
Mount Street £375,880
Hope Street £296,705
Knight Street £254,430
Rodney Street £246,127
Hurst Street £195,404
Highest turnover in L1
Highest turnover streets Turnover
Mount Street 25.0%
Dukes Terrace 24.1%
Crosshall Street 23.8%
Cornwallis Street 20.3%
Arch View Crescent 18.0%

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

Rate Liverpool:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Liverpool Central (0.6 miles)
  • Liverpool James Street (0.7 miles)
  • Liverpool Lime Street (0.8 miles)
  • Liverpool John Lennon Airport (6.9 miles)
  • Blackpool International Airport (26.0 miles)
  • Manchester International Airport (29.3 miles)
  • Liverpool Pier Head Ferry Terminal (0.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (1.0 mile)
  • Woodside Birkenhead Ferry Terminal (1.2 miles)

Nearby schools

View all schools in Liverpool
  • St Vincent de Paul Catholic Primary School (0.2 miles)
  • LIPA Primary School (0.3 miles)
  • St Patrick's Catholic Primary School (0.5 miles)
  • Liverpool Life Sciences UTC (0.1 miles)
  • LIPA Sixth Form College (0.4 miles)
  • The City of Liverpool College (0.6 miles)
  • Christian Fellowship School (1.2 miles)
  • The Belvedere Academy (1.3 miles)
  • Archbishop Blanch School (1.5 miles)
Note: Distances are straight line measurements

Local info for Liverpool

AskMe Q&A for Liverpool

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For more information about this property, please contact
RS Property Investments, N11 on 020 8022 0281 * (local rate)

Monthly running costs Beta

£435 Monthly total
Mortgage
Purchase price
Deposit (10%) 7,295
Repayment term 25
Interest rate 0.5
Your payment £232 /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 £21/mo (£255/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.

Contact RS Property Investments about this property

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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 RS Property Investments, and do not constitute property particulars. Please contact RS Property Investments 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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