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Studio for sale

£39,950 Guide price

Flat, Lower Gill Street, Liverpool L3

Studio for sale
Interested in this property? Call +44 151 382 1642 * or Request Details

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

Property description

Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £50,000

We are delighted to present this exceptional studio apartment located in the heart of Liverpool city centre, in the highly sought-after Pembroke Studios. This investment opportunity currently generates an income of £650 per month.

This studio is perfect for both students and professionals. It offers a modern living area, furnished with a double bed, desk, and wardrobe. The stylish kitchen is fully fitted with all appliances. Studio also includes a private en-suite bathroom with a contemporary finish.

The service charge of £225 per month, which conveniently includes all utility bills such as gas, electricity, and water, making this a hassle-free investment.

An attractive feature of this property is the solid tenant already under contract until May 2024, ensuring a consistent cash flow for the immediate future. Offering a strong yield, this property is an ideal investment opportunity for those looking for solid returns in a thriving city.

Situated in Liverpool city centre, the property boasts proximity to a wealth of amenities including shopping centres, restaurants, pubs, and transport links to the rest of the city and beyond.
In summary, this is an incredible opportunity to acquire a high-yielding investment property with a secure tenant in place, located in the pulsating heart of Liverpool.

Viewing is highly recommended to truly appreciate this prime piece of real estate. Contact us today to arrange a viewing or for more information.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Tenure: Leasehold
Service Charge: £2,703.06 per year

Property info

Property value data/graphs for L3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £398,744 - 3.8 -
Semi-detached £216,639 £232 2.7 £235,000
Terraced £188,998 £207 2.9 £199,800
Flats £198,586 £247 1.9 £173,214

Current asking prices in L3

Average: £195,990
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £50,000
(2)
- £244,158
(6)
£250,000
(1)
-
Flats £154,107
(351)
£220,290
(376)
£416,066
(30)
£526,250
(4)
-
All £153,517
(353)
£220,290
(376)
£387,415
(36)
£471,000
(5)
-

Current asking rents in L3

Average: £1,028 pcm
Avg. current asking prices in L3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £596 pcm
(5)
£1,153 pcm
(2)
- £1,169 pcm
(3)
£433 pcm
(1)
Flats £894 pcm
(84)
£1,299 pcm
(78)
£1,612 pcm
(12)
£2,567 pcm
(5)
£588 pcm
(13)
All £877 pcm
(89)
£1,295 pcm
(80)
£1,612 pcm
(12)
£2,043 pcm
(8)
£577 pcm
(14)

Fun facts for L3

Highest value in L3
Highest value streets Zed-Index
Albert Dock £413,234
William Jessop Way £324,939
Navigation Wharf £311,279
South Ferry Quay £262,688
Rumford Place £259,957
Highest turnover in L3
Highest turnover streets Turnover
Mainsail Close 29.4%
Quebec Quay 27.3%
Albert Dock 25.7%
George Street 25.0%
South Ferry Quay 23.7%
Arrange Viewing

For more information about this property, please contact
DMS Property, L12 on +44 151 382 1642 * (local rate)

Monthly running costs Beta

£343 Monthly total

Mortgage

Purchase price
Deposit (10%) 3,995
Repayment term 25
Interest rate 2.0
Your payment £152 /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.

Energy

Gas £16 Electricity £30 Estimated energy cost £46/mo

Similar properties could save up to £152

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: 6000 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 DMS Property 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 DMS Property, and do not constitute property particulars. Please contact DMS Property 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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