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Studio for sale

£62,500 From

Norton Street, Liverpool L3

1 1
Interested in this property? Call +44 1952 476892 * or Request Details

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Property features

  • **investment opportunity**
  • Ensuite's starting from £62,500
  • Studio's starting from £75,000
  • 9% Net rental return for 5 years
  • 4% interest on deposits during construction
  • Managed by the leading student accommodation management
  • 5 Minutes walk from the University of Liverpool and John Moore's University

Property description

Detailed Description

Natex student accommodation from £62,500

Natex is a 566-unit student scheme with 2 blocks of 10 and 16 storeys comprising of 472 en suite rooms and 94 studio apartments. The development is located in the heart of Liverpool and is just a 5-minute walk from the University of Liverpool (a Russell Group University) Liverpool Hope Universityand Liverpool John Moore's University.

Facilities include:

* Games Room

* Gym

* Reception

* Laundry room

* Meeting room

* Café eating / Area

* Communal lounge

* Outside seating area

* TV lounge

* High speed internet

* 24-hour CCTV and bike storage


Unit types


Studio Gold - 22sqm

Deluxe Studio - 27sqm

Bronze En-suite - 13.5sqm


Demand for student accommodation in liverpool


* Liverpool is a city synonymous with music, culture and academic excellence. It proudly boasts 3 high-ranking institutions, 2 of which have been named in the top 5 'best city locations' by 'WhatUni'. It means that Liverpool is often many students' first choice.

* 70,000 students call the city their home.

* 9,000 international students at Liverpool's universities - 22.4% of the University of Liverpool's student population are from overseas (100 different nationalities) This figure is expected to quadruple in 4 years

* 36,000 students currently require accommodation

* Only 25,400 purpose-built accommodations (built or in planning)

* The city also has one of the largest Chinese communities in Europe.

* With the expected 10% rise in international student numbers by 2022, accommodation is in short supply!

Why invest in student property?

* uk's best performing asset class.

* £3.1 billion invested in the sector in 2016.

* Increased demand from overseas investors.

* 2.3 million students are in higher education in the UK.

* 424,000 places were offered on results day in 2016, up by 3% on the previous year (ucas).

* Overseas investors contributed £1.49 billion in UK transactions in 2016.

* Overseas buyers likely to dominate the market in 2017.

* Student property became a global powerhouse in 2015/2016.

* The uk's market has room to grow with only 24% of students housed in purpose-built accommodation.

* Globally mobile students are underpinning the demand for purpose-built student housing.


Highlights


* En-suite prices from £62,500

* Studio prices from £75,000

* Prices based on 10% early investor discount

* 9% assured net return for 5 years

* *4% interest paid on deposit payment

* 5-minute walk from University of Liverpool, Liverpool Hope and John Moore's University

* 250-year leasehold tenure

* 10 -year build warranty

* Experiences and trusted developer and management company

* Fully managed hands-off investment opportunity


Payment plans


Plan A:

* £5,000 reservation fee

* 50% on exchange (minus £5000 reservation fee)

* 25% on 18th Jan 2019

* 25% on completion

* *4% interest paid on deposited funds

plan B:

* £5,000 reservation fee

* 25% on exchange (After 28 days)

* 25% on 1st July 2018

* 25% on 21st Jan 2019 minus £5000 reservation

* 25% on completion

* *No% interest paid on deposited funds with plan B

Market activity
Average price paid £160,061 Sales 238 Current average value £186,375 (Zoopla Zed-Index) Value change £7,158 ▲ 3.99%

Property value data/graphs for L3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £200,140 £133 3.8 £196,000
Semi-detached £180,159 £245 2.7 £236,000
Terraced £175,813 £219 2.9 £199,700
Flats £187,149 £273 1.9 £157,465

Current asking prices in L3

Average: £149,072
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £85,000
(1)
£178,450
(6)
£389,000
(5)
- -
Flats £112,392
(537)
£198,800
(414)
£354,328
(44)
- -
All £112,342
(538)
£198,509
(420)
£357,866
(49)
- -

Current asking rents in L3

Average: £878 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £504 pcm
(9)
£847 pcm
(5)
£1,495 pcm
(1)
£1,436 pcm
(3)
£498 pcm
(1)
Flats £672 pcm
(115)
£878 pcm
(224)
£1,396 pcm
(23)
£1,931 pcm
(7)
£528 pcm
(4)
All £660 pcm
(124)
£877 pcm
(229)
£1,400 pcm
(24)
£1,782 pcm
(10)
£522 pcm
(5)

Fun facts for L3

Highest value in L3
Highest value streets Zed-Index
Albert Dock £385,884
Navigation Wharf £279,282
Wapping Quay £265,920
Coburg Wharf £258,950
Water Street £248,829
Highest turnover in L3
Highest turnover streets Turnover
Lace Street 50.5%
Brook Street 41.3%
South Ferry Quay 31.6%
Burlington Street 31.0%
Rumford Place 29.7%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (556 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 Lime Street (0.2 miles)
  • Liverpool Central (0.4 miles)
  • Moorfields (0.6 miles)
  • Liverpool John Lennon Airport (7.4 miles)
  • Blackpool International Airport (25.1 miles)
  • Manchester International Airport (29.2 miles)
  • Liverpool Pier Head Ferry Terminal (0.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (1.0 mile)
  • Seacombe Ferry Terminal (1.7 miles)

Nearby schools

View all schools in Liverpool
  • Holy Cross Catholic Primary School (0.4 miles)
  • Pleasant Street Primary School (0.4 miles)
  • St Nicholas's Catholic Primary School (0.5 miles)
  • LIPA Sixth Form College (0.8 miles)
  • Harmonize Academy AP Free School (1.2 miles)
  • Everton Free School (1.9 miles)
  • North Liverpool Academy (1.0 mile)
  • Notre Dame Catholic College (1.1 miles)
  • The Academy of St Francis of Assisi (1.4 miles)
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
Nu:Move International, TF2 on +44 1952 476892 * (local rate)

Monthly running costs Beta

£432 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,250
Repayment term 25
Interest rate 1.5
Your payment £224 /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)
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 £27 Estimated energy cost £46/mo

Similar properties could save up to £209

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.

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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 Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International 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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