The Studios at X1 The Quarter is a well-regarded development close to the beautiful Liverpool waterfront and only a short walk to the vibrant city centre. Residents are close to all the local shops, bars and restaurants as well as the local universities. This apartment is currently tenanted, meaning it will begin generating income for an investor immediately.
This premium modern studio is extremely popular with the local student population who are looking for something more than the traditional university halls of residence. Large at 25 sqm, this apartment is comprised of a large double bed, en-suite bathroom, kitchenette and modern fixtures and furnishing. In addition, residents can make use of the communal spaces and the on-site gymnasium.
With a population of just under 500,000, Liverpool is now the second largest city in the North West, which means it is one of the most competitive rental markets in the region. The city's large and growing population ensures a consistent demand for high quality rental accommodation. Don't miss out on this fantastic opportunity!
Gross rent: £5,520 Ground rent: £250 Service charge: £1,616 Lettings fees: £530 Net income: £3,124 Gross yield: 8.36% Net yield: 4.73%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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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.
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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.