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1 bed flat for sale

£119,500 Guide price

Oriel Close, Liverpool L2

1 1
New build

Property description

Reliance House is a conversion of a grand Edwardian style building, creating luxurious residential apartments in the heart of Liverpool. The development will comprise of 73 one bedroom apartments and 27 two bedroom apartments, with a total of 100 generously sized apartments. With young-professionals in mind, each apartment is designed with a contemporary style, which is juxtapose against high ceilings and large sash windows to optimise natural light.

Featuring neoclassical architecture and Portland stone façade, Reliance House reflects on the historic location of the development. From St. Nicolas Church the building is distinguished by elegant red brick façade. Whereas, the façade from Water Street is distinguished by the imposing Edwardian style Portland stone. The Reliance House also takes home a statement address with strong heritage. This makes Reliance House a secure and exceptionally high quality real estate, with strong income and capital growth.

Reliance House – Investment Highlights
7% rental returns guaranteed for 1 year
100 generously sized apartments
City centre location
Less than 1 minute walk to Liverpool Waterfront
Strong income and capital growth

Location Details
Liverpool has been the centre for the global trade for over 300 years, which has resulted in the city gaining the title of the vibrant cosmopolitan city. Liverpool is the second city of the British Empire, which is built up on international trade. The city also takes home over 2,500 listed buildings and boasts world-class; museums, art collections and theatres.

Liverpool Waters covers a total of 60 hectares of historic dockland, costing a total of £5billion. The 30-year project is set to create a staggering 17,000 jobs for the city, meaning the private sector is creating jobs at a faster rate than ever before. Likewise, Liverpool One is a regeneration of 42 acres of land, creating a stunning shopping centre, attracting some of the biggest company’s o the city.

Due to local investment and Government backing, Liverpool is seen as the ‘Northern Powerhouse’ with continuing strength in the local investment and residential markets.

Investment summary:
- 100 Apartments
- 83 x One Bedroom from £119,500
- 27 x Two Bedroom from £159,950
- High Ceilings
- Large Sash Windows
- Views over Water St or St Peter’s Church available
- Impressive Architecture
- Portland Stone Façade
- Excellent L2 postcode location
- Booming Liverpool Investment & Rental Market
- Unbeatable city centre location
- Close to regional and national transport links
- Expected net returns of 7%
- Scheduled completion is Q4 2017
- Fully let and managed by an experienced letting agent (if required)
- Buy for investment or personal use

Purchase Process
1. Pay a £2,500 reservation fee
2. Instruct solicitors
3. 35% of the purchase price due upon exchange
4. 15% of the funds after 6 months plus furniture pack payment in full
5. Remaining balance minus reservation fee on completion

Property info

Market activity
Average price paid £135,878 Sales 58 Current average value £167,599 (Zoopla Zed-Index) Value change £1,565 ▲ 0.94%

Property value data/graphs for L2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached - - 4.3 -
Semi-detached - - - -
Terraced £145,069 - - -
Flats £167,516 £236 1.8 £135,897

Current asking prices in L2

Average: £144,857
Avg. current asking prices in L2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £119,268
(180)
£178,895
(167)
£270,000
(1)
- -
All £119,268
(180)
£178,895
(167)
£270,000
(1)
- -

Current asking rents in L2

Average: £863 pcm
Avg. current asking prices in L2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £684 pcm
(13)
£834 pcm
(8)
£1,625 pcm
(1)
- -
All £684 pcm
(13)
£834 pcm
(8)
£1,625 pcm
(1)
- -

Fun facts for L2

Highest value in L2
Highest value streets Zed-Index
Victoria Street £222,065
Tithebarn Street £189,136
Cheapside £181,706
The Strand £176,899
Exchange Street East £166,242
Highest turnover in L2
Highest turnover streets Turnover
The Strand 48.3%
Temple Lane 25.9%
Exchange Street East 22.6%
Cheapside 16.9%
Brunswick Street 16.7%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (528 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 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 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Liverpool James Street (0.2 miles)
  • Moorfields (0.2 miles)
  • Liverpool Central (0.6 miles)
  • Liverpool John Lennon Airport (7.8 miles)
  • Blackpool International Airport (25.3 miles)
  • Manchester International Airport (29.9 miles)
  • Liverpool Pier Head Ferry Terminal (0.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (0.2 miles)
  • Seacombe Ferry Terminal (0.9 miles)

Nearby schools

View all schools in Liverpool
  • Holy Cross Catholic Primary School (0.5 miles)
  • St Vincent de Paul Catholic Primary School (0.7 miles)
  • Pleasant Street Primary School (0.8 miles)
  • LIPA Sixth Form College (1.0 mile)
  • Harmonize Academy AP Free School (2.0 miles)
  • Everton Free School (2.4 miles)
  • Notre Dame Catholic College (1.4 miles)
  • North Liverpool Academy (1.6 miles)
  • Kilgarth School (2.1 miles)
Note: Distances are straight line measurements

Local info for Liverpool

About the neighbours in L2

AskMe Q&A for Liverpool

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For more information about this property, please contact
Liverpool Property Solutions, L2 on +44 151 353 7906 * (local rate)

Monthly running costs Beta

£639 Monthly total

Mortgage

Purchase price
Deposit (10%) 11,950
Repayment term 25
Interest rate 1.5
Your payment £430 /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.

Energy

Gas £18 Electricity £27 Estimated energy cost £45/mo

Similar properties could save up to £200

How Much Could I Save? 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 B Council tax cost £136 /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 Liverpool Property Solutions 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 Liverpool Property Solutions, and do not constitute property particulars. Please contact Liverpool Property Solutions 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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