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Studio for sale

£75,000

Salisbury Street, Liverpool, Merseyside L3

Interested in this property? Call +44 20 3463 2665 * or

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Property features

  • Tenure: Leasehold

Property description

Key features:
  • Fully furnished studio, one and two bedroom apartments
  • Assured Minimum Rental Yield of 8% net per annum for 5 years
  • Minimum return of £29,500 in the first 5 years
  • £1 billion investment being made in the L3 postcode
  • Apartments from £72,750
  • 12 month payment plan with interest paid on deposits
  • Hands off fully managed investment
  • Completes Q2 2018

Full description:
Fully furnished studio, one and two bedroom apartments
Assured Minimum Rental Yield of 8% net per annum for 5 years
Minimum return of £29,500 in the first 5 years
£1 billion investment being made in the L3 postcode
Apartments from £72,750
12 month payment plan with interest paid on deposits
Hands off fully managed investment
Completes Q2 2018

Salisbury House is located close to Liverpool city centre and city centre universities. The apartments are within walking distance of The Royal Liverpool University Hospital and College as well as the £1billion regeneration program called Paddington Village which will include the new Liverpool International College.
With £1 billion being invested in the regeneration of Liverpool L3 postcode these apartments are expected to rise in value so will make ideal investments for investors looking to enjoy a high yield in the short term and sell the property in the longer term to enjoy capital appreciation.

Salisbury Place will bring excellent investment yields of 8% net and strong rental demand.

Studio apartments start from £72,750 and the developer is offering an assured net yield of 8% for five years. Space is maximised with kitchen, living and dining area, bedroom and work space along with separate bathroom and the apartments benefit from large windows stretching almost floor to ceiling.

Furniture packs are also available for an additional £1,500 and will enable your property to be let from day one. Some apartments also benefit from balconies to enjoy views over the communal gardens and the city.

Investing in Liverpool Located in the North West of England on the banks of the River Mersey, Liverpool is a world famous city that has gone through massive amounts of regeneration to accommodate its
booming population. Liverpool held the European Capital of Culture title in 2008 and several areas of the city centre have been granted World Heritage Site status by unesco.

Liverpool's regional economy is one of the fastest growing in England, according to the latest Government data. In the last decade Liverpool recorded a 39% increase in output. There are many large scale employers in Liverpool including, Jaguar/Land Rover, Barclays Wealth, Bibby Line and Princes Group.

In the last 10 years, the city has attracted over £7.5 billion of physical investment with current projects happening right now with a value of over £10 billion including:
Royal Liverpool Hospital redevelopment
£300m expansion plans of the Port of Liverpool
£600m Major bridge project creating a second crossing of the Mersey
£5.5 billion mixed-use regeneration transforming Liverpool’s northern docks into the
ambitious new Liverpool Waters development offering a new commercial and residential district
With hourly trains to London with a journey time of two hours, two international airports and a Cruise Liner Terminal Liverpool is a fantastic central UK base. Liverpool is a vital part of the North West’s success as the most profitable region for annual yields at 7.1%. Named as one of the top 10 Buy to Let hotspots in the UK in 2015 and Identified as one of the areas of great potential with significant pick up in price growth.

Property Ref:84_2688_4460340

Property info

Market activity
Average price paid £158,242 Sales 237 Current average value £178,740 (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 £217,865 £127 3.8 -
Semi-detached £172,401 £229 2.7 £155,313
Terraced £166,609 £210 2.9 £151,166
Flats £179,658 £258 1.9 £158,181

Current asking prices in L3

Average: £150,886
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)
£212,500
(4)
- -
Flats £97,040
(361)
£196,486
(218)
£381,037
(54)
- -
All £97,297
(364)
£195,713
(223)
£369,414
(58)
- -

Current asking rents in L3

Average: £1,208 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £499 pcm
(9)
£878 pcm
(7)
£962 pcm
(4)
- £2,311 pcm
(3)
Flats £631 pcm
(88)
£866 pcm
(143)
£2,025 pcm
(13)
£2,184 pcm
(9)
£2,253 pcm
(3)
All £619 pcm
(97)
£867 pcm
(150)
£1,775 pcm
(17)
£2,184 pcm
(9)
£2,282 pcm
(6)

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% (495 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 (0.6 miles)
  • Liverpool Central (0.8 miles)
  • Moorfields (0.9 miles)
  • Liverpool John Lennon Airport (7.5 miles)
  • Blackpool International Airport (24.8 miles)
  • Manchester International Airport (29.0 miles)
  • Liverpool Pier Head Ferry Terminal (1.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (1.3 miles)
  • Seacombe Ferry Terminal (1.9 miles)

Nearby schools

View all schools in Liverpool
  • Faith Primary School (0.3 miles)
  • Millstead School (0.3 miles)
  • Holy Cross Catholic Primary School (0.6 miles)
  • The City of Liverpool College (0.7 miles)
  • Harmonize Academy AP Free School (1.0 mile)
  • LIPA Sixth Form College (1.1 miles)
  • North Liverpool Academy (0.6 miles)
  • Notre Dame Catholic College (0.8 miles)
  • Christian Fellowship School (1.1 miles)
Note: Distances are straight line measurements

Local info for Liverpool

AskMe Q&A for Liverpool

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For more information about this property, please contact
Taylor Gray Estates, SW2 on +44 20 3463 2665 * (local rate)

Monthly running costs Beta

£477 Monthly total
Mortgage
Purchase price
Deposit (10%) 7,500
Repayment term 25
Interest rate 1.5
Your payment £269 /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 £19 Electricity £27 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 Taylor Gray Estates, and do not constitute property particulars. Please contact Taylor Gray Estates 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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