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1 bed flat for sale

£119,950 Fixed price

Parliament Street, Liverpool L1

1 1
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Property features

  • Liverpool's Last Signature Waterfront Development
  • 7% net income p.A. Assured for the first 3 years
  • Managed by the uk’s largest estate agency group, Countrywide plc
  • 15% below market comparables
  • Liverpool's fastest growing property developer
  • Minutes from Commercial District, Liverpool One, Albert Docks and World Heritage

Property description


Liverpool Off Plan Apartments
For Investment Purposes

Phase 1 Investors Experienced 20% Growth
With Phase 1 of Parliament Residence selling out within the first 12 weeks of launch and now fully under construction, Parliament Residence will contain a total of 189 stunning 1 and 2 bedroom apartments centred in the trendy Baltic Triangle with breath-taking panoramic views of the remarkable World Heritage Waterfront and Liverpool's famous Cathedral.

Coupling stunning furnishings and interior designs with jaw dropping views of the waterfront, Parliament Residence has been designed to attract select young professionals who are looking to live within walking distance of their place of work whilst reflecting a premium city centre lifestyle. Young Professionals will also benefit from a 24 hour gym and concierge as well as a private members club.

Investors who acted fast to purchase in Phase 1, have seen the value of their properties rise by 20% in relation to Phase 2 and at an average of £254 per square foot. Phase 2 apartments are still 15% below market comparables which are rising at over 7% a year. Parliament Residence is therefore the prime residential property investment every serious investor should be evaluating.


Liverpool
-


The strongest growth of any Northern Powerhouse city

Liverpool is one of the uk's top ten locations for buy-to-let property investment and its private rental market is booming, as data from Direct Line for Business reveals that over half of the city's housing stock falls within the rental market. In summary, Liverpool presents:


  • £8billion UK Government backed investment into Liverpool

  • Property prices projected to grow by 23% over the next 5 years – jll

  • 17.6% total rental growth projected by 2021

  • Shortage of 40,000 homes

  • Economy worth £149billion

  • The strongest growth of any Northern Powerhouse city – UK O.N.S

  • Uk’s largest wealth management sector after London

Market activity
Average price paid £115,260 Sales 131 Current average value £147,687 (Zoopla Zed-Index) Value change £1,855 ▲ 1.27%

Property value data/graphs for L1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £163,228 - 2.2 -
Semi-detached £176,342 £264 3.2 -
Terraced £305,833 £275 3.9 £200,316
Flats £143,383 £217 1.8 £113,125

Current asking prices in L1

Average: £123,427
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £59,667
(3)
- - - £424,500
(2)
Flats £100,288
(309)
£176,412
(102)
£186,736
(7)
- -
All £99,897
(312)
£176,412
(102)
£186,736
(7)
- £424,500
(2)

Current asking rents in L1

Average: £1,136 pcm
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £465 pcm
(9)
£862 pcm
(2)
£1,248 pcm
(1)
- -
Flats £637 pcm
(56)
£833 pcm
(54)
£1,518 pcm
(12)
£2,037 pcm
(3)
£2,548 pcm
(1)
All £613 pcm
(65)
£834 pcm
(56)
£1,497 pcm
(13)
£2,037 pcm
(3)
£2,548 pcm
(1)

Fun facts for L1

Highest value in L1
Highest value streets Zed-Index
Mount Street £377,818
Hope Street £296,326
Rodney Street £245,787
Knight Street £241,124
Hurst Street £190,819
Highest turnover in L1
Highest turnover streets Turnover
Crosshall Street 31.7%
Dukes Terrace 29.6%
Cornwallis Street 24.6%
Preston Street 22.2%
Kenyons Steps 20.2%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (526 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 Central (0.7 miles)
  • Liverpool James Street (0.8 miles)
  • Liverpool Lime Street (0.9 miles)
  • Liverpool John Lennon Airport (6.9 miles)
  • Blackpool International Airport (26.1 miles)
  • Manchester International Airport (29.3 miles)
  • Liverpool Pier Head Ferry Terminal (1.0 mile)
  • Liverpool Isle of Man & Dublin Terminal (1.1 miles)
  • Woodside Birkenhead Ferry Terminal (1.2 miles)

Nearby schools

View all schools in Liverpool
  • St Vincent de Paul Catholic Primary School (0.4 miles)
  • LIPA Primary School (0.4 miles)
  • St Patrick's Catholic Primary School (0.5 miles)
  • LIPA Sixth Form College (0.5 miles)
  • Harmonize Academy AP Free School (1.9 miles)
  • Everton Free School (3.0 miles)
  • The Belvedere Academy (1.2 miles)
  • Bellerive FCJ Catholic College (1.5 miles)
  • King's Leadership Academy, Liverpool (1.5 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
Prime Centrum, E14 on +44 20 8022 4568 * (local rate)

Monthly running costs Beta

£661 Monthly total

Mortgage

Purchase price
Deposit (10%) 11,995
Repayment term 25
Interest rate 1.5
Your payment £431 /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)
Compare insurance deals now 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 £26 Estimated energy cost £45/mo

Similar properties could save up to £198

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.

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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 Prime Centrum, and do not constitute property particulars. Please contact Prime Centrum 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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