Open House offers two student apartments with superb investment potential based in the heart of the vibrant Liverpool city centre. Given the city has over 50,000 students demand is high. £45,000 individually or £42,500 each if bought as a pair. Built by an experienced and ...
Open House offers two student apartments with superb investment potential based in the heart of the vibrant Liverpool city centre. Given the city has over 50,000 students demand is high.
£45,000 individually or £42,500 each if bought as a pair.
Built by an experienced and award-winning developer X1, this double bedroom studio apartment with en suite at X1 The Edge in Liverpool is a great investment opportunity for both experienced investors or 1st time buyers!
Close to all the shops, bars, restaurants and cultural amenities synonymous with Liverpool, residents of X1 The Edge are just a short journey away from everything this dynamic city has to offer, as well as its ample transport links.
Unsurprisingly, X1 The Edge is a highly popular student development with its target demographic, boasting a 100% tenant retention rate year-on-year. This is thanks to the site's stunning private residences, as well as the addition of ample communal areas for its tenants to enjoy, relax and socialise, including common rooms and even a private onsite gym.
Furthermore, tenants of X1 The Edge are enamoured with the development's proximity to the city's major universities, including Liverpool John Moore's, The University of Liverpool, and Liverpool Hope, meaning that X1 The Edge ticks every box.
Demand for shared student accommodation is growing due to rising numbers of students attending the three universities in Liverpool. Last year, there were 60,000 students studying in Liverpool, up 20% on the previous year and it is expected the numbers will rise again this year. It is estimated that 60% of these students require accommodation. This makes for a lucrative investment opportunity with longevity for many years to come.
Gross rent: £4,200 Ground rent: £250 Service charge: £1,394 Lettings fee: £403 Net income: £2,153 Gross yield: 7.92% Net yield: 4.06%
(*all figures approximate)
**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!
Close to Local Amenities
Close to Town Centre
Local/National Transport Links
Onsite Private Health Suite
Local to Both Universities
Free Sky TV
Cheviot Close (REDUCED FOR QUICK SALE), Prenton, Birkenhead, CH42