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1 bed flat for sale

£92,950 (£346/sq. ft)

., Liverpool, Mersey L1

1 1 1 269 sq. ft*
Interested in this property? Call +44 20 8115 5437 * or

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

Property description

North House is a conversion of an existing commercial property into 43 luxury one and two bedroom apartments. The apartments will benefit from spacious living areas, high specification fixtures and close proximity to Liverpool's key shopping and cultural districts.

The development represents an outstanding buy-to-let investment opportunity. The location and apartment design are perfectly suited to meet the high demands of the local rental market. The well appointed accommodation and key position of the development will ensure popularity.

North House is situated within Liverpool's business district and offers convenient access to Liverpool's key retail and leisure destinations along with the city's primary transport links. The location makes the development perfect for the modern urbanite.

The development is a one minute walk away from Liverpool One, the city's most popular retail and leisure area which sees more than 28 million visitors per year and is home to the city's leading retailers and leisure complexes.

The apartments on offer at North House have been thoughtfully designed to make comfortable and spacious homes for tenants.Hard-wearing materials have been selected to deliver longevity and low maintenance to residents and owners.

Every apartment comes with a fully fitted kitchen which inlcudes a fridge freezer, integrated washing machine, cooker, hob and extractor fan.

The local private rented market consists mainly of young professionals and students looking for quality accommodation making the income potential of these apartments very attractive.

Investment Highlights

Studio apartments from £109,950
1 bedroom apartments from £119,950
2 bedroom apartments from £159,950
250 year leasehold
Service charges expected to be £2 per square foot / annum
Ground Rent £350 per annum
7% Net return assured for 1 year
Completion set for July 2018
Reputable Construction company

Payment Plan

£2500 Reservation fee
35% on exchange of contracts
15% payment on Janury 15th
50% balance (less reservation fee) on completion in July 2017
Market activity
Average price paid £126,010 Sales 131 Current average value £148,236 (Zoopla Zed-Index) Value change £8,101 ▲ 5.78%

Property value data/graphs for L1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £166,533 - 2.2 -
Semi-detached £168,968 £230 3.2 -
Terraced £312,093 £288 3.9 £254,233
Flats £143,647 £218 1.8 £119,855

Current asking prices in L1

Average: £118,291
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £59,667
(3)
- - - £650,000
(1)
Flats £98,129
(291)
£169,328
(92)
£217,081
(8)
- -
All £97,736
(294)
£169,328
(92)
£217,081
(8)
- £650,000
(1)

Current asking rents in L1

Average: £977 pcm
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £461 pcm
(13)
£724 pcm
(2)
- - £1,950 pcm
(2)
Flats £616 pcm
(77)
£836 pcm
(76)
£1,247 pcm
(13)
£2,266 pcm
(2)
£2,349 pcm
(1)
All £594 pcm
(90)
£833 pcm
(78)
£1,247 pcm
(13)
£2,266 pcm
(2)
£2,083 pcm
(3)

Fun facts for L1

Highest value in L1
Highest value streets Zed-Index
Mount Street £404,966
Hope Street £297,792
Knight Street £247,544
Rodney Street £246,174
Hurst Street £190,565
Highest turnover in L1
Highest turnover streets Turnover
Crosshall Street 31.7%
Dukes Terrace 29.6%
Mount Street 25.0%
Cornwallis Street 24.6%
Preston Street 22.2%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (549 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 (0.2 miles)
  • Liverpool Lime Street (0.4 miles)
  • Liverpool James Street (0.4 miles)
  • Liverpool John Lennon Airport (7.2 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 (1.3 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)
  • LIPA Sixth Form College (0.5 miles)
  • Harmonize Academy AP Free School (1.6 miles)
  • Everton Free School (2.5 miles)
  • Archbishop Blanch School (1.6 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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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Opulent Investments LTD, L3 on +44 20 8115 5437 * (local rate)

Monthly running costs Beta

£546 Monthly total

Mortgage

Purchase price
Deposit (10%) 9,295
Repayment term 25
Interest rate 1.5
Your payment £334 /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 £18 Electricity £28 Estimated energy cost £46/mo

Similar properties could save up to £184

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 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 Opulent Investments LTD 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 Opulent Investments LTD, and do not constitute property particulars. Please contact Opulent Investments LTD 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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