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Studio for sale

£67,950

Devon Street, Liverpool L3

1
Interested in this property? Call +44 1932 964593 * or

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Property features

  • • *cash buyers/investment only
  • • Large, self-contained studio apartments
  • • 8% assured rental income for 3 years
  • • 150m from the University
  • • Next to the Royal University Hospital
  • • In the Heart of £1 Billion development scheme
  • • 'Smart Apartment' Technology
  • • Fully furnished and managed investment
  • • Award Winning Student Property Developer

Property description

Devon House will house 162 brand new studio apartments to cater for the rapidly increasing student market in Liverpool. All apartments are furnished with En-Suite bathrooms finished to the highest standard and include a free tablet computer for each tenant.

Using the 'Smart Apartment' technology provided, tenants will be able to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services such as food delivery and laundry. Tenants will also have access to superb communal facilities including study spaces, a breakout room, cinema system, pool tables, cooking/dining area and an on-site gym.

Combined with excellent facilities and its superior position next to Liverpool Hope University City Campus and within a short walk to Royal University Hospital, truly sets Devon House apart from the competition. Properties will be let to students on 50-week tenancies on an average rental of £150 per week. Providing property purchasers with an excellent *8% net rental income assured for 3 years.*

And as the apartments are fully managed on your behalf, this is an easy, hands-off investment.

Development Specifications:
A contemporary furniture pack will be provided:
Studio Apartments:
• Sofa
• Bed
• Wardrobe
• Kitchen
• En-Suite Bathroom
• Floor to Ceiling Windows
• Smart Apartment Technology with a free Tablet computer for all tenants to use
• Advanced light sensor and heating system

Communal areas will include:
• On-site gym
• Study space
• Breakout room
• Cinema system
• Pool tables
• Cooking/dining area

Being at the centre of the uk's second largest regional economy with access to six million customers, Liverpool has been experiencing phenomenal growth over the last few years.

The city has hugely benefited from a significant number of mega regeneration projects including the £1 billion Liverpool one and the £5.6 billion Liverpool Waters and is set to grow even further.

In addition, the population of young professionals and students is growing as the city attracts people from all over the world. The city also has one of the best environments for students in the UK, ensuring it will remain a popular student location for the foreseeable future.

With a record number of students accepted to universities and colleges in 2016 (ucas) and plus the influx of overseas students, the demand for high-quality student accommodation in Liverpool is increasing exponentially. As for investors, this rising demand offers a compelling investment opportunity.

Furthermore, Liverpool City Council has announced plans for Liverpool's Knowledge Quarter, which will create a new urban community to bring the largest cluster of science, health and education in the city region. Already home to a number of Liverpool's established higher education institutes and the new £429m Royal Hospital, the area is set to become one of Europe's leading Innovation Districts and bound to attract further investment and opportunities.

For these reasons, Aspen Woolf is excited to introduce Devon House, the latest purpose-built student accommodation development in Liverpool. Located in the heart of Liverpool's student district, this development will benefit from the £1 billion worth of investment, which has gone into aforementioned Liverpool's Knowledge Quarter.

Devon House will house 162 brand new studio apartments to cater for the rapidly increasing student market in Liverpool. All apartments are furnished with En-Suite bathrooms finished to the highest standard, and include a free tablet computer for each student to use.

Using the 'Smart Apartment' technology provided tenants will be able to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services such as food delivery and laundry. Tenants will also have access to superb communal facilities including study spaces, a breakout room, cinema system, pool tables, cooking/dining area and an on-site gym.

Combined with excellent facilities and its superior position next to Liverpool Hope University City Campus and within a short walk to Royal University Hospital, truly sets Devon House apart from the competition. It will offer students the very best of Liverpool living at an affordable price, while providing investors with an excellent 8% net rental income assured for 3 years.

The properties in Devon House will be let to students on 50-week tenancies on an average rental of £150 per week. Generating a generous assured rent for 3 years and with starting prices from just £67,950, investors are sure to benefit from this lucrative buy-to-let prospect. And as the apartments are fully managed on your behalf, this is an easy, hands-off investment, making them all the more appealing.
Market activity
Average price paid £158,242 Sales 237 Current average value £178,755 (Zoopla Zed-Index) Value change £4,730 ▲ 2.72%

Property value data/graphs for L3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £217,881 £127 3.8 -
Semi-detached £172,417 £229 2.7 £155,313
Terraced £166,621 £210 2.9 £151,166
Flats £179,674 £259 1.9 £158,181

Current asking prices in L3

Average: £151,884
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £128,167
(3)
£161,990
(5)
£252,500
(4)
- -
Flats £97,364
(350)
£196,765
(215)
£385,693
(52)
- -
All £97,626
(353)
£195,974
(220)
£376,179
(56)
- -

Current asking rents in L3

Average: £1,179 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £499 pcm
(9)
£854 pcm
(7)
£801 pcm
(4)
- £2,383 pcm
(2)
Flats £635 pcm
(86)
£858 pcm
(145)
£2,203 pcm
(11)
£2,250 pcm
(9)
£2,297 pcm
(2)
All £622 pcm
(95)
£858 pcm
(152)
£1,829 pcm
(15)
£2,250 pcm
(9)
£2,340 pcm
(4)

Fun facts for L3

Highest value in L3
Highest value streets Zed-Index
Albert Dock £366,652
Navigation Wharf £265,028
Coburg Wharf £254,432
Wapping Quay £253,578
Princes Parade £249,106
Highest turnover in L3
Highest turnover streets Turnover
Brook Street 42.1%
Lace Street 41.8%
Burlington Street 31.0%
South Ferry Quay 29.1%
Rumford Place 26.7%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (494 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
Property Eagle, KT16 on +44 1932 964593 * (local rate)

Monthly running costs Beta

£452 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,795
Repayment term 25
Interest rate 1.5
Your payment £244 /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 £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 £17 Electricity £29 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 £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.

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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 Property Eagle, and do not constitute property particulars. Please contact Property Eagle 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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