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Studio for sale

£79,995 From

Duke Street, Liverpool L1

Interested in this property? Call +44 151 353 9845 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 3 Year Rent Assurance At 8%
  • Gym And Roof Top Garden Terrace
  • Sizes 25m2 -75m2
  • Management Included In Service Charge
  • Await EPC

Property description



8% assured net returns for 3 years !
RopeWalks in the heart of Liverpool city centre features 69 brand new luxury apartments, located within a few minutes walk to the Liverpool One shopping centre. Part of the £100 million award winning regeneration project, it is close to the famous Albert Dock, Echo Arena and major Universities including University of Liverpool.
RopeWalks offers modern studio, 1 and 2 bedroom apartments ranging in size from 25sq.M-75sq.M, with a full private kitchen and En-suite bathroom. It also provides excellent facilities for residents such as a fully equipped gym, and roof top garden terrace for all residents to enjoy.
RopeWalks provides an assured income of 8% net for 3 years and will surely enjoy attractive capital growth due to the popular location.
All apartments are fully managed and let by an established management company. A great advantage for any investor looking for an easy rental investment.
Designed by successful and experienced architects with prices starting at just £79,995, RopeWalks is a fantastic opportunity to invest in one of Liverpool s most sought after post codes, L1. When it comes to central locations, RopeWalks just can t be beat. Await EPC

Investment Overview

Premier central location - in sought after L1.
Early launch offer:
27% off plan discount only available on the first 30 units.
Available from just £79,995.
Free ready to rent furniture packs.
Modern studio, 1 and 2 beds.
8% net yield assured for 3 years.
Designed by experienced and successful architects.
Fully managed.

Use of:
Rooftop garden terrace.
Fully equipped gym.

Studio Apartments

Low prices starting at just £79,995.
£30,005 below 2016 RICS valuation.
Spacious luxury open plan studios.
Averaging yields of 8.41% net.
Enjoy unique Juliette balconies.

One Bedroom Apartments

Low prices starting at just £109,995.
£25,005 below 2016 RICS valuation.
Modern self-contained apartment.
Averaging yields of 8.14% net.
Enjoy unique Juliette balconies.

Two Bedroom Apartments

Low prices starting at just £139,995.
£15,005 below 2016 RICS valuation.
Fully furnished throughout.
Stylish private terrace.

Full Furniture Pack

A contemporary furniture pack will be provided and will include the following:
4 6 bed, Bedside Tables, Door Wardrobes, Microwave, Plasma tv Sofa, Oven, Hob, Kettle, Radio, Rug, Mirror, Towels Desk and chair.

Purchase Example

Choose your property and pay a £5,000
Reservation Deposit (this includes £1,000 Admin Fee)
The solicitors will assist you through the
Exchange of Contract (within 28 days)
50% of the purchase price is required on Exchange
of Contracts, minus the £4,000 Reservation Fee.
25% due 3 months after exchange.
Remaining balance payable on completion.

Important note to purchasers:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

/8

Property info

Market activity
Average price paid £95,259 Sales 190 Current average value £149,847 (Zoopla Zed-Index) Value change £2,767 ▲ 1.88%

Property value data/graphs for L1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £163,378 - 2.2 -
Semi-detached £181,231 - 3.2 -
Terraced £306,871 £279 3.9 £388,316
Flats £145,590 £218 1.8 £90,854

Current asking prices in L1

Average: £125,100
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £96,500
(4)
- - £498,000
(1)
£498,000
(3)
Flats £98,486
(277)
£171,097
(99)
£230,989
(5)
- -
All £98,457
(281)
£171,097
(99)
£230,989
(5)
£498,000
(1)
£498,000
(3)

Current asking rents in L1

Average: £985 pcm
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,010 pcm
(6)
£938 pcm
(2)
£1,001 pcm
(1)
£2,999 pcm
(2)
£2,871 pcm
(2)
Flats £690 pcm
(45)
£803 pcm
(44)
£1,668 pcm
(11)
£1,276 pcm
(2)
£429 pcm
(1)
All £728 pcm
(51)
£809 pcm
(46)
£1,613 pcm
(12)
£2,137 pcm
(4)
£2,057 pcm
(3)

Fun facts for L1

Highest value in L1
Highest value streets Zed-Index
Mount Street £380,482
Hope Street £298,104
Knight Street £248,432
Rodney Street £246,530
Hurst Street £195,104
Highest turnover in L1
Highest turnover streets Turnover
Crosshall Street 28.6%
Dukes Terrace 27.8%
Arch View Crescent 24.0%
Cornwallis Street 20.3%
Back Colquitt Street 20.0%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (499 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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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 (0.2 miles)
  • Liverpool James Street (0.4 miles)
  • Liverpool Lime Street (0.4 miles)
  • Liverpool John Lennon Airport (7.3 miles)
  • Blackpool International Airport (25.6 miles)
  • Manchester International Airport (29.4 miles)
  • Liverpool Pier Head Ferry Terminal (0.6 miles)
  • Liverpool Isle of Man & Dublin Terminal (0.7 miles)
  • Woodside Birkenhead Ferry Terminal (1.2 miles)

Nearby schools

View all schools in Liverpool
  • St Vincent de Paul Catholic Primary School (0.2 miles)
  • Pleasant Street Primary School (0.4 miles)
  • LIPA Primary School (0.4 miles)
  • The City of Liverpool College (0.5 miles)
  • LIPA Sixth Form College (0.5 miles)
  • Liverpool Life Sciences UTC (0.6 miles)
  • Christian Fellowship School (1.2 miles)
  • Notre Dame Catholic College (1.6 miles)
  • North Liverpool Academy (1.6 miles)
Note: Distances are straight line measurements

Local info for Liverpool

About the neighbours in L1

AskMe Q&A for Liverpool

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For more information about this property, please contact
Reeds Rains, L2 on +44 151 353 9845 * (local rate)

Monthly running costs Beta

£501 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,999
Repayment term 25
Interest rate 1.5
Your payment £287 /mo How Much Could I Borrow

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

What more do I get

Up to 9 smart home sensors

Included in the price of your cover

Home emergency assistance

Included in the price of your cover

Contents cover

£75,000 to Unlimited

Buildings cover

£750,000 to Unlimited

Energy

Gas £18 Electricity £30 Estimated energy cost £48/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 £117 /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 Reeds Rains 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 Reeds Rains, and do not constitute property particulars. Please contact Reeds Rains 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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