Opportunity to purchase an apartment in Liverpool generating £6,600 rent pa & gross yield of 7.5%
£87,995
Apartment
VL45TX-445
INITIAL INVESTMENT
£27,139
Based on
deposit: £21,999
stamp duty: £2,640
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£6,600
GROSS YIELD
7.5%
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
£645
SERVICE CHARGE
£1,442
2 bedrooms
1 bathroom
1 reception room
521
Unfurnished
Leasehold information
- Length of lease: 125 years
- Year lease started: 2013
- Years left on lease: 116 years (from 2022)
- Ground rent review period: tbc
- Service charge review period: tbc
Property information
- Located on the first floor
- Open plan living/kitchen/dining room
- Comes with off-street parking
- Within walking distance of Stanley Park
- EPC rating B
- Council tax band A
- Monthly rental income £550
Location information
- The apartment is located in Walton, Liverpool
- Liverpool city centre is around 3 miles from the property and can easily be reached by public transport
- There is a bus stop a few minutes walk away
- Walton Hall Park is half a mile from the property and can be reached in a 10-minute walk
Tenancy
RENT
£6,600 p.a. / £550 pcm
TENANCY DEPOSIT
£0
TENANCY TYPE
AST
TENANCY AGREEMENT STARTED
over 8 years ago
TENANCY AGREEMENT ENDS
Periodic
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Walton, Liverpool
Walton is a residential area of Liverpool in the county of Merseyside, in the north-west of England. Walton is 3 miles north of Liverpool city centre, 27.1 miles south south-west of Preston and 31.8 miles west of Manchester.
The closest station to this property is Kirkdale railway station, this station is managed by Merseyrail and acts as an interchange between the branches to Kirkby and Ormskirk. From Monday to Saturday trains operate every 15-minutes to either Kirkby and Ormskirk and every fine or ten minutes to Liverpool Central to the south. Walton is connected to Liverpool city centre via the A580 and A59.
Walton is under half an hour away from Liverpool city centre via bus or train. Once in 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.
There are many job opportunities within Liverpool city centre across a broad range of sectors. Liverpool is at the centre of the broader Merseyside economic area, which is itself one of the two core economies of the north west of England. Public administration, education and health are the largest employment sectors within Liverpool’s economy. 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.
This area could be ideal for young families seeking local schooling options for their children. The closest educational institution to this property is Alsop High School which is under a 5-minute walk and offers mixed-sex education including a sixth form. For those with younger children the closest primary school is Arnot Saint Mary Church of England Primary, which is also 5-miutes away and offers schooling from three to eleven.
Church Road,
Liverpool,
Merseyside,
England,
L4 5TX
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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.
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