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Studio for sale

£67,750 From

Devon Street, Liverpool L3

1 1
Interested in this property? Call 01952 476892 * or

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Property features

  • **buy-to-let investment opportunity**
  • Student Accomodation
  • 8% assured net income for 3 years
  • Studios From £67,750
  • 125 Year Lease

Property description

Detailed Description

Devon house student accommodation - studios


Investment opportunity


Student property is one of the most lucrative ways to expand your property portfolio in the UK.Private student accommodation continues to outperform all other forms of property investment in the UK. With low entry prices, stable yields and low void periods, it's one of the most lucrative ways to expand your portfolio. Plus, there is zero stamp duty payable on all student properties. Demand for high-quality student accommodation is increasing exponentially. On a-Level Results Day 2016, Ucas announced that a record number of students were accepted to universities and colleges. The influx of overseas students is also contributingto rising demand. There's no cap on the number of overseas students, and the Government forecasts the number will rise by 15-20% over the next 5 years.
Although most first-year students secure university-owned accommodation, others need to look elsewhere. This results in more than 70% of students in university towns renting privately - and they're demanding convenient locations, quality furnishings and on-site amenities. This offers you a compelling investment opportunity. Devon House provides 162 fully managed studios designed to the highest of standards and located in the heart of Liverpool's academic hub.

The uk's best performing asset class

o Low entry prices, stable yields and low void periods

o Hands-off investment

o Zero stamp duty payable


Financials


O Pre-launch prices from £67,750

o 8% assured net income for 3 years


Location


O In the heart of Liverpool's Knowledge Quarter

o Next to Royal Liverpool University Hospital

o Less than 500 metres from all major 3 major universities


Features


O State-of-the-art smart studios

o Include a student liaising app with tablet

o Hi-speed Wifi

o Mini fridge and safes in all rooms

o Communal lounges

o Flat screen TVs

o On-site laundry

o Hotel-style access control systems

o Monitored CCTV system

o 24-hour reception and security

payment process:


Reservation deposit
- £5,000



50% on exchange - less reservation deposit

50% on completion

Annual ground rent is £350. You pay this directly to the freeholder, and it's not included in the net rental assurance. The service charge is estimated at £1,142.90 per year.

Property info

Floorplan(s): Floor Plan 1

Floor Plan 1 View original

Market activity
Average price paid £154,723 Sales 240 Current average value £178,311 (Zoopla Zed-Index) Value change £7,197 ▲ 4.21%

Property value data/graphs for L3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £216,414 £126 3.8 £75,000
Semi-detached £170,210 £239 2.7 £163,540
Terraced £166,697 £208 2.9 £177,383
Flats £179,185 £258 1.9 £154,441

Current asking prices in L3

Average: £150,430
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £104,808
(3)
£120,500
(2)
£199,000
(5)
£307,500
(2)
-
Flats £96,628
(292)
£183,393
(212)
£419,792
(38)
- -
All £96,711
(295)
£182,806
(214)
£394,118
(43)
£307,500
(2)
-

Current asking rents in L3

Average: £1,461 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £527 pcm
(9)
£813 pcm
(11)
£1,114 pcm
(3)
£721 pcm
(3)
£412 pcm
(1)
Flats £614 pcm
(70)
£827 pcm
(125)
£1,186 pcm
(17)
£2,195 pcm
(8)
£2,253 pcm
(1)
All £604 pcm
(79)
£826 pcm
(136)
£1,175 pcm
(20)
£1,793 pcm
(11)
£1,332 pcm
(2)

Fun facts for L3

Highest value in L3
Highest value streets Zed-Index
Albert Dock £365,547
Navigation Wharf £262,753
Coburg Wharf £252,596
Wapping Quay £252,380
Princes Parade £247,428
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% (472 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 Lime Street (0.4 miles)
  • Liverpool Central (0.6 miles)
  • Moorfields (0.8 miles)
  • Liverpool John Lennon Airport (7.3 miles)
  • Blackpool International Airport (25.0 miles)
  • Manchester International Airport (28.9 miles)
  • Liverpool Pier Head Ferry Terminal (1.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (1.2 miles)
  • Seacombe Ferry Terminal (1.9 miles)

Nearby schools

View all schools in Liverpool
  • Sacred Heart Catholic Primary School (0.5 miles)
  • St Nicholas's Catholic Primary School (0.5 miles)
  • Pleasant Street Primary School (0.5 miles)
  • The City of Liverpool College (0.5 miles)
  • LIPA Sixth Form College (0.8 miles)
  • Harmonize Academy AP Free School (1.0 mile)
  • Christian Fellowship School (0.9 miles)
  • North Liverpool Academy (0.9 miles)
  • Notre Dame Catholic College (1.0 mile)
Note: Distances are straight line measurements

Local info for Liverpool

About the neighbours in L3

AskMe Q&A for Liverpool

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For more information about this property, please contact
Nu:Move International, TF2 on 01952 476892 * (local rate)

Monthly running costs Beta

£415 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,775
Repayment term 25
Interest rate 0.5
Your payment £216 /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 (£207/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 Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International 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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