TENANTED 1 BED APARTMENT – JUST 60,000 GBP - CLOSE TO LIVERPOOL CITY CENTRE
£60,000
Liverpool
1 TENANTED 1 BED APARTMENT – JUST 60,000 GBP – CLOSE TO LIVERPOOL CITY CENTRE
Deals like this are extremely rare to come across, particularly ones which generate a huge ROI up to 20.20% and a market yield up to 9%, far surpassing local averages. Situated in Liverpool, just an 11 minute drive from the city centre, this 1-bed apartment is priced at just just £60,000 – approximately £105 per sq. ft., which is less than what it would cost to build.
Property Experts JLL have predicted a house price increase of 22.8% over the next 4 years so now is the time to invest. A significant level of capital growth is on the horizon for investors as Liverpool undergoes a wealth of public and private investment into a number of ambitious projects. The £5 billion Liverpool Waters project is set to transform the area creating 315,000 sqm of office space, 9,000 homes and a waterfront stadium. Approval for a £55m project to deliver more than 500 apartments at Liverpool Waters towers has also recently been granted by the city council to create a ‘waterfront for the world’. This is in addition to the second phase of the £400m deep water container terminal being delivered in 2019 and the introduction of a new multi-million pound waterfront link road improving connectivity around the city.
Rental prices in Liverpool are already expected to increase by 17.6% over the next 4 years which far surpass expectations for the rest of the UK. The number of new projects and developments underway look set to push these predictions even further and bolster the city’s rental demand, economy and employment prospects.