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Studio for sale

£72,500 (£499/sq. ft)

Norton Street, Liverpool L3

1 145 sq. ft*
Interested in this property? Call +44 161 506 9706 * or

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

Property description

Natex is a 566 unit student scheme with two blocks of 10 and 16 storeys comprising 472 clusters and 94 studio apartments.

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.

Natex offers 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 Liverpool's Knowledge Quarter is to 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%.

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 private communal courtyard for the socialization and the leisure of the students and
residents.

Once complete in 2020 the project will be managed by the market leader in student accommodation rental's crm.

Investment Highlights:

Ensuite's starting from £67,950
Studio's starting from £79,950
4% interest on deposits during construction
9% Net rental return for 5 years
Managed by the leading student accommodation management company, crm
Market activity
Average price paid £156,633 Sales 214 Current average value £183,436 (Zoopla Zed-Index) Value change £9,551 ▲ 5.49%

Property value data/graphs for L3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £203,626 £131 3.8 -
Semi-detached £178,182 £239 2.7 £122,000
Terraced £172,921 £212 2.9 £184,450
Flats £184,161 £266 1.9 £155,015

Current asking prices in L3

Average: £149,816
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £97,500
(2)
£198,140
(5)
£353,333
(6)
£152,475
(2)
-
Flats £113,720
(577)
£199,190
(450)
£317,981
(58)
- -
All £113,664
(579)
£199,179
(455)
£321,295
(64)
£152,475
(2)
-

Current asking rents in L3

Average: £1,004 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £521 pcm
(8)
£879 pcm
(9)
£1,265 pcm
(3)
£1,907 pcm
(2)
£2,653 pcm
(3)
Flats £649 pcm
(88)
£907 pcm
(168)
£1,434 pcm
(21)
£2,008 pcm
(8)
£1,751 pcm
(6)
All £638 pcm
(96)
£906 pcm
(177)
£1,413 pcm
(24)
£1,988 pcm
(10)
£2,052 pcm
(9)

Fun facts for L3

Highest value in L3
Highest value streets Zed-Index
Albert Dock £379,811
Navigation Wharf £275,301
Wapping Quay £261,489
Coburg Wharf £255,219
South Ferry Quay £243,484
Highest turnover in L3
Highest turnover streets Turnover
Lace Street 50.5%
Brook Street 43.0%
Burlington Street 31.0%
South Ferry Quay 30.8%
Rumford Place 29.7%

What Zoopla users think of Liverpool

Overall rating:

  • currently 4 stars
Very good - 84% (548 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 (29.1 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

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
Royal Properties, M7 on +44 161 506 9706 * (local rate)

Monthly running costs Beta

£468 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,250
Repayment term 25
Interest rate 1.5
Your payment £260 /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 £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 Royal Properties 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 Royal Properties, and do not constitute property particulars. Please contact Royal Properties 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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