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Studio for sale

£62,500

Norton Street L3

1
Interested in this property? Call +44 20 3641 5469 * or Request Details

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Property description

9% net income assured for 5 years

* prices from £62,500 & fully furnished

* on-site gym, laundry, lounges, garden

* 5 minute walk from 2 universities

* new build student accommodation


Introduction


The scheme is located in the heart of Liverpool and is a 5 minute walk from the University of Liverpool and Liverpool John Moores University. Strong demand expected from all students, especially postgraduates and overseas students.

Offering a variety of accommodation units, from cluster bedrooms to studios, offering choice for post graduate and older students, at a variety of price points. The plans to invest £1bn to expand Liverpools Knowledge Quarter isto create a 1.8million sq ft science, health and technology hub, attracting world class companies and reinforcing Liverpool's reputation as a global leader in medicine and technology. The expansion of the Knowledge Quarter is expected to be a major draw for international students with The University of Liverpool already having over 34% international students compared to a UK average of 25%.

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.

- £3.1 billion invested in 2016.

- 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.

- 40% of global student transactions have been carried out cross-border.

- 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.

The main entrance to the development is located in the link between the two blocks. Block B will house most of the communal areas, student lobby, communal living room, games areas, gym, as well as reception staff office, WC/changing rooms and a refuse store. Block B will provide a welcoming entrance to the development and an active frontage to Norton Street. In addition to the communal B will include some studio accommodation.

Block A includes a communal dining room, meeting facilities, laundry room, a refuse store for the student accommodation, plant room, sub-station and some studio accommodation to the rear In the middle of the development volumes, there is a provate communal courtyard for the socialization and the leisure of the students and residents.

Contact Us For more information and for a Brochure/Floor Plans/Available Units

The information contained within these details and/or marketing images and floor plans are intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending purchaser must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.

Norton Street, Liverpool, L3 8PY

62,500 gbp
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.
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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 (29.1 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
  • Pleasant Street Primary School (0.4 miles)
  • Holy Cross Catholic 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

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Arrange Viewing

For more information about this property, please contact
Select Estate, N11 on +44 20 3641 5469 * (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.

Contact Select Estate 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 Select Estate, and do not constitute property particulars. Please contact Select Estate 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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