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1 bed flat for sale

£65,000 From

Norton Street, Liverpool City Centre L3

1 1
Interested in this property? Call +44 151 382 7338 * or

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

Property features

  • Off-plan investment opportunity
  • 9% net assured rent for 5 years
  • 5-minute walk from John Moores University and Liverpool University
  • Prices starting from £62,500
  • Resident gym, reception, meeting room, laundry facilities and cafe
  • 24 Hour CCTV & bike storage
  • 566 units - a mix of cluster and studio apartments
  • Intercom security system
  • Communal courtyard
  • Heart of Liverpool City Centre

Property description

Detailed Description

Red Rooves Limited are delighted to bring to the market this fantastic off plan investment opportunity located in Liverpool City Centre. The Natex will compromise of 566 student clusters and studio apartments with a completion date set for Q3 2020.

Natex is a 566-unit student scheme with two blocks of 10 and 16 storeys comprising 472 clusters and 94 studio apartments. It is in the heart of Liverpool's City Centre and is a 5-minute walk from the University of Liverpool and Liverpool John Moores University. Strong demand is 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%.
This exciting opportunity will provide investors with 9% net assured returns for 5 years plus the added benefit of 4% interest on deposited funds from date of exchange (when purchasing through payment plan A).

Natex:
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 block 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, there is a private communal courtyard for the socialization and the leisure of the students and residents.

Cluster apartments - Natex holds 472 cluster apartments.
Each cluster pod contains an en-suite shower and toilet along with a study area. Each section contains 5 cluster apartments with access to their allocated communal lounge and kitchen area.
Studio apartments - 94 of the 566 units at Natex are Studio Apartments
Each tenant will have their own private kitchen, shower/toilet and study area. Ideal for Students who wish to have that little more privacy and enjoys having their own space to concentrate on their studies. They will still have the opportunity to socialise by taking advantage of all the features that the complex has to offer.

Location:
In 2008 Liverpool was the European Capital of Culture, therefore becoming the first city in England to be awarded the title. One of the major cities in the UK, and home to nearly half a million residents, Liverpool now lies at the heart of the 2nd round of economic investment from the UK Government's Northern Powerhouse Scheme, deeming it as one of the hottest investment locations in the country. With severe housing shortage of 40,000 homes in the city centre and a growing population, Liverpool presents the perfect investment landscape and was voted by Totally Money 2017 as the hottest UK location for buy to let property.
The cities rich cultural history, marine port and it's two premier league football teams are the first affiliations people make with the city, often unaware of the major evolution and transformation the city has experienced over the last 100 years from the industrial metropolis of the UK to one of the fastest growing 21st century economies.

Liverpool's economy is the fastest growing out of all Northern Powerhouse City Regions. The Northern Powerhouse is a Central Government backed investment to boost economic growth in the North of England and balance the UK economy between the North and South of the country, the core cities of Liverpool, Manchester, Leeds, Sheffield and Newcastle.
The scheme takes on the job of improving transport links, investment in science and innovation and devolution of powers in City Deals. Over the course of the scheme, we will see £3.4bn invested into growth deals, £70m into education, £13bn on transport, and a further £445m invested into improving the quality of life for each of the core cities growing population. Liverpool now leads the way, as the city benefiting most now in this second phase of the scheme while other cities such as Manchester have already seen the bulk of the effects from the investment.

Knowledge Quarter -
* Plans to expand the Knowledge Quarter near the Royal Liverpool University Hospital to create a £1 billion, 1.8million sq. Ft. Medical hub.
* Grade A office space alongside more life sciences targeted space.
* The Royal College of Physicians has already agreed to open its 70,000 sq. Ft. Northern headquarters on the site.
Liverpool Waters -
* £5 billion of real estate investment delivering 2 million sq. Ft. Of mixed used waterside space.
* Together with Wirral Waters, the planned £5 billion development across the river, Merseyside will benefit from a combined £10 billion of investment making it the largest development project in the UK

Purchase Process:
Payment plan A:
1. £5,000 Reservation Deposit (none refundable)
2. Contract Pack Issued to your Solicitor
3. 50% deposit On exchange of contracts (minus reservation deposit) - 4% interest on deposit begins
4. 25% Payable on 18th January 2019
5. 25% Due on completion (July 2020)
6. 5 Year net Rental Assurance Begins 9% for 5 Years

Payment plan B:
1. £5,000 Reservation Deposit (none refundable)
2. Contract Pack Issued to your Solicitor
3. 25% deposit On exchange of contracts
4. 25% Payable on 1st July 2018
5. 25% Payable on 21st January 2019 (minus reservation deposit)
6. 25% Due on completion (July 2020)
7. 5 Year net Rental Assurance Begins 9% for 5 Years

Important Notice to Purchasers:
* We endeavour to make our sales fair, accurate and reliable but these are only a general guide and they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or facts. We do not guarantee or test any services, systems or appliances listed in the specification as to their operating or efficiency ability, we therefore strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. All measurements that are stated are only intended as guidance only and are not precise, you should therefore verify the dimensions carefully before ordering any built-in furniture, carpets or laminates.
* Intending purchasers please note that you will be asked to produce some identification documentation at a later stage as part of the anti-money laundering regulations, we therefore please ask for your co-operation in this matter so that there will be no delays in agreeing a sale for the property.
* The information issued is in good faith but does not constitute representations of fact or form part of any offer or contract. The matters referred to in this article should be independently verified by prospective buyers. Neither Red Rooves Limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured against it.
* We make no representation or warranty of any kind with regards to the information contained in this article and none of the information should be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before deciding to invest. Any opinions expressed in this article are not statements of fact.

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 (0.5 miles)
  • Liverpool John Lennon Airport (7.5 miles)
  • Blackpool International Airport (25.1 miles)
  • Manchester International Airport (29.2 miles)
  • Liverpool Pier Head Ferry Terminal (0.8 miles)
  • Liverpool Isle of Man & Dublin Terminal (0.9 miles)
  • Seacombe Ferry Terminal (1.6 miles)

Nearby schools

View all schools in Liverpool
  • Holy Cross Catholic Primary School (0.3 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 (1.3 miles)
  • Everton Free School (2.0 miles)
  • North Liverpool Academy (1.1 miles)
  • Notre Dame Catholic College (1.1 miles)
  • The Academy of St Francis of Assisi (1.5 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
Red Rooves Limited, L1 on +44 151 382 7338 * (local rate)

Monthly running costs Beta

£441 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,500
Repayment term 25
Interest rate 1.5
Your payment £233 /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.

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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 Red Rooves Limited, and do not constitute property particulars. Please contact Red Rooves Limited 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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