Bootle, Liverpool, L20 4TQ | Investment Property for Sale | VES-L20-001

Opportunity to purchase an apartment in Bootle, Liverpool generating £5,760 rent pa and a gross yield of 7.2%

£80,000

Apartment

VES-L20-001

INITIAL INVESTMENT

£37,800

GROSS RENT / YIELD

£5,760 / 7.2%

NET RENT / YIELD

£3,275 / 4.1%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£100

SERVICE CHARGE

£1,049

2 bedrooms

1 bathroom

1 reception room

621

Unfurnished

Leasehold information

  • Length of lease: 130 years
  • Year lease started: 2006

Property information

  • Located on the 3rd floor
  • Open plan kitchen/living/diner
  • Brand new boiler installed in May 2019
  • Lift access in the building
  • Residents gym
  • Residents rooftop terrace
  • 24 hour concierge service

Market Trends

Sales Trends

  • Prices in L20 have increased 20% over the last 5 years (+3% over the last 12 months) and are £78k which varies by property type (£57k for a 1-bed flat to £197k for a 5-bed detached property).

  • On average, there have been 36 properties sold per month in the area in the last 12 months.

  • In comparison, prices in the wider Liverpool L postcode area are £135k (+1% over the last 12 months) and range between £90k for a 1-bed flat to £526k for a 5-bed detached property.

Rental Trends

  • Rents in L20 are now at £457 per month (£5,484 pa) (+1% over the last 12 month).

  • On average, there have been 33 properties listed for rent per month in the area in the last 12 months.

  • Given prices in the area, gross yield is currently 8.1% which is higher than the national average of 4.7% and higher than the wider Liverpool L postcode area of 5.7%.

  • This property is currently achieving a gross yield of 7.2%.

Source: REalyse - 16/04/2019

Tenancy

RENT

£5,760 p.a. / £480 pcm

TENANCY DEPOSIT

£480

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 5 years ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£5,760

Equivalent of £480 per calendar month (PCM).

GROSS RENTAL YIELD

7.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£3,275

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.1%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£2,485

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Bootle, Liverpool

Bootle is a district of Liverpool and is located approximately 3 miles north of Liverpool’s city centre. Four trains per hour take you from Bootle New Strand station to Liverpool Central in 13 minutes.

Liverpool is a city in the county of Merseyside in North West England. This city is situated 34.3 miles west of Manchester and 72 miles south west of Leeds.

The primary station servicing this city is Liverpool Lime Street railway station which is the terminus station on a branch of the West Coast Main Line from London Euston and is managed by Network Rail. There are five train operating companies that run services from this station. East Midland Trains operates an hourly service to Norwich via Warrington Central, Manchester Piccadilly, Sheffield and Nottingham. TransPennine Express operates an hourly service to Newcastle via Manchester Victoria and York, as well as an additional service to Scarborough. London Northwestern Railway operates a half hourly service to Birmingham New Street via Crewe and Wolverhampton. Northern is the main operating company and runs several services such as; a half hourly service to Manchester Oxford Road, an hourly service to Manchester Airport via Warrington Central, an hourly service to Blackpool North, half hourly service to Wigan North Western, an hourly service to Crewe and an hourly service to Warrington Bank Quay. Finally, Virgin Trains operate an hourly service to London Euston.

The city centre there is a wonderful selection of retail, dining and entertainment options. Liverpool ONE is the main shopping centre in this city, it features an open-air shopping experience with over 170 stores and boutiques, including all of the nation’s favourite high street and designer names. Liverpool ONE also houses over 35 restaurants and bars for when one needs a well-deserved break from shopping. This shopping district extends around Liverpool ONE on to Paradise Street and Peter’s Lane which is home to several luxury brands and much more. This city centre is packed with cultural attractions along the waterfront such as the Titanic memorial, Tate Liverpool, Echo Arena and several other entertainment venues.

Liverpool’s economy is one of the two core economies within the North West of England. Liverpool’s economy is heavily dominated by the public and private service sector industries. For over the last decade 60% of jobs in the city have been in public administration, education, health, banking, finance and insurance sectors. Liverpool has also seen a substantial increase in tourism in recent years which has had a significant impact on the local economy, in turn this has caused an increase in hospitality jobs. Some of the best companies to work for in Liverpool are Curtins, Shop direct, Boodles, Matalan and Mando.

There are three main universities in Liverpool; the University of Liverpool, Liverpool John Moores University and London Hope University. This city could be ideal for young families also and has several schooling options for children of all ages. The highest performing secondary school in the city is The Liverpool Blue Coat School, other notable schools include Liverpool College and St Edward’s College. For those looking for educational options for their younger children there is, Holy Cross Catholic Primary School, Whitefield Primary School and Smithdown Primary School.

Washington Parade,

Merseyside,

Merseyside,

England,

L20 4TQ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.