Studio Flat For Sale £60,000
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
The Studios at X1 The Quarter is a well-regarded development close to the beautiful Liverpool waterfront and only a short walk to the vibrant city centre. Residents are close to all the local shops, bars and restaurants as well as the local universities. This apartment is currently tenanted, meaning it will begin generating income for an investor immediately.
This premium modern studio is extremely popular with the local student population who are looking for something more than the traditional university halls of residence. Large at 25 sqm, this apartment is comprised of a large double bed, en-suite bathroom, kitchenette and modern fixtures and furnishing. In addition, residents can make use of the communal spaces and the on-site gymnasium.
With a population of just under 500,000, Liverpool is now the second largest city in the North West, which means it is one of the most competitive rental markets in the region. The city’s large and growing population ensures a consistent demand for high quality rental accommodation. Don’t miss out on this fantastic opportunity!
Financial Breakdown
Gross rent: £7,020
Ground rent: £250
Service charge: £1,480
Lettings fees: £674
Net income: £4,616
Gross yield: 11.7%
Net yield: 7.69%
Important Note To Purchasers
*For leasehold properties: Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16157
The Studios at X1 The Quarter is a well-regarded development close to the beautiful Liverpool waterfront and only a short walk to the vibrant city centre. Residents are close to all the local shops, bars and restaurants as well as the local universities. This apartment is currently tenanted, meaning it will begin generating income for an investor immediately.
This premium modern studio is extremely popular with the local student population who are looking for something more than the traditional university halls of residence. Large at 25 sqm, this apartment is comprised of a large double bed, en-suite bathroom, kitchenette and modern fixtures and furnishing. In addition, residents can make use of the communal spaces and the on-site gymnasium.
With a population of just under 500,000, Liverpool is now the second largest city in the North West, which means it is one of the most competitive rental markets in the region. The city’s large and growing population ensures a consistent demand for high quality rental accommodation. Don’t miss out on this fantastic opportunity!
Financial Breakdown
Gross rent: £7,020
Ground rent: £250
Service charge: £1,480
Lettings fees: £674
Net income: £4,616
Gross yield: 11.7%
Net yield: 7.69%
Important Note To Purchasers
*For leasehold properties: Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16157
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