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Studio for sale

£77,500

Unit 3.06 Parker Street, Liverpool City Centre L1

1 1
Interested in this property? Call +44 151 382 7676 * or

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

Property features

  • Investment Opportunity
  • 5 Year Rent Guarantee
  • 8% net Guaranteed Yied
  • Very Central Location
  • Iconic Building
  • Residential Investment
  • 3rd Floor Unit (26m2)
  • Completion on track for January 2018
  • Cash Buyers only
  • Viewings available at Show Apartment

Property description

*** last remaining unit*** Century 21 Liverpool is delighted to offer to the residential sales market a small number of Studio apartments in the exciting Parker St Residence development in the heart of Liverpool City Centre. Parker Street in L1 is ideally located for all the centre has to offer. Shops, restaurants, bars, and Lime St Station are only minutes walk away.

Ideal investment opportunity with an 8% guaranteed yield for 5 years. Completion on schedule for December 2017, reserve now and experience an excellent roi within a few months.

With a supply shortage of residential property right in the city centre of Liverpool the Parker St Residence development sold out off plan in 2016 / early 2017. However, we now have a small number of studio apartments back on the market. The development is very close to completion and the units are priced very well compared to other Studios on offer in the city.

In the past year, the average apartment has seen a price increase of over 8% and Liverpool continues to be short of letting stock for the 7th consecutive year!

Summary:
3rd Floor Unit 26m2
Liverpool City Centre location in the heart of the City Shopping areaa
2 minute walk to Liverpool Lime Street stationn
5 year rental guarantee of Net 8%
Offered Fully Managed
Huge demand for city centre rental property
Refurbishment of former ballroom (which hosted the wedding reception of John Lennon)
Completion on track for January 2018

Please note; the development is residential accommodation, not a Student type pod and investors / owners will own the residential title and are able to sell the unit on the established secondary UK property market at any time.

This development will see the landmark former Reece's Ballroom in Liverpool, which hosted the wedding reception of John Lennon and his first wife, Cynthia, in 1962, brought back to life for buyers of this development.

This property will appeal to the local market of expanding young professionals as well as wealthy, international and local investors. It will also appeal to mature students that want exclusive residential living as opposed to student accommodation.

The development is located less than 5 minute's walk from Liverpool One and Lime Street Station.

Payment plan:
GBP2000 Reservation fee secures the unit
50% on Exchange 30 days later
50% on Completion

Viewings available upon request. Request a reservation form to reserve the apartment!

Property info

View original

Market activity
Average price paid £93,196 Sales 217 Current average value £150,236 (Zoopla Zed-Index) Value change £3,832 ▲ 2.62%

Property value data/graphs for L1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £167,824 - 2.2 -
Semi-detached £184,133 - 3.2 -
Terraced £314,268 £283 3.9 £242,475
Flats £145,852 £218 1.8 £91,808

Current asking prices in L1

Average: £124,502
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £93,870
(5)
£275,000
(1)
- - £498,000
(3)
Flats £99,806
(301)
£176,099
(90)
£188,532
(6)
- -
All £99,709
(306)
£177,186
(91)
£188,532
(6)
- £498,000
(3)

Current asking rents in L1

Average: £1,101 pcm
Avg. current asking prices in L1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £479 pcm
(7)
£1,088 pcm
(2)
£1,200 pcm
(1)
£1,889 pcm
(1)
-
Flats £637 pcm
(50)
£828 pcm
(46)
£1,242 pcm
(10)
£2,047 pcm
(4)
-
All £617 pcm
(57)
£839 pcm
(48)
£1,238 pcm
(11)
£2,016 pcm
(5)
-

Fun facts for L1

Highest value in L1
Highest value streets Zed-Index
Mount Street £385,393
Hope Street £301,357
Rodney Street £249,899
Knight Street £244,862
Hurst Street £193,511
Highest turnover in L1
Highest turnover streets Turnover
Crosshall Street 30.2%
Dukes Terrace 27.8%
Cornwallis Street 21.7%
Back Colquitt Street 20.6%
Madison Square 20.2%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (510 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 Central (0.1 miles)
  • Liverpool Lime Street (0.2 miles)
  • Moorfields (0.4 miles)
  • Liverpool John Lennon Airport (7.4 miles)
  • Blackpool International Airport (25.4 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 (1.4 miles)

Nearby schools

View all schools in Liverpool
  • Pleasant Street Primary School (0.3 miles)
  • St Vincent de Paul Catholic Primary School (0.4 miles)
  • Holy Cross Catholic Primary School (0.5 miles)
  • The City of Liverpool College (0.4 miles)
  • LIPA Sixth Form College (0.6 miles)
  • Liverpool Life Sciences UTC (0.8 miles)
  • Christian Fellowship School (1.2 miles)
  • Notre Dame Catholic College (1.4 miles)
  • North Liverpool Academy (1.4 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
Century 21 - Liverpool North, L23 on +44 151 382 7676 * (local rate)

Monthly running costs Beta

£489 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,750
Repayment term 25
Interest rate 1.5
Your payment £278 /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 £17 Electricity £28 Estimated energy cost £45/mo

Similar properties could save up to £180

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 Century 21 - Liverpool North 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 Century 21 - Liverpool North, and do not constitute property particulars. Please contact Century 21 - Liverpool North 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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