Property Details

Studio flat for sale For Sale

22 Parliament Place, 246 Upper Parliament Place, Liverpool, L8

£40,000

ROI = 23% BMV = 31.41%

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Description

Investment opportunity in Liverpool!! Urban Evolution are pleased to offer this modern, spacious studio offering a 10% yield, currently let at £695pcm. Enquire today for more information and to arrange your viewing. Parliament Place consists of 116 spacious and affordable studio apartments which come with the added convenience of on site laundry facilities and a private courtyard which is exclusive to tenants. What’s included? All studios come fully furnished to include a 3 piece bathroom suite, double bed, wardrobe, a study desk & chair as standard. In addition, kitchenettes contain a fridge with ice box, 2 ring hob with extractor fan & a microwave oven as well as a small dining table & chair(s). Utility bills such as electricity, water & WiFi are all inclusive. Overall, the building is set across 5 floors. Studios are perfect for individuals, couples or students looking for independent living. Market Growth in Liverpool: Liverpool’s property market known for its unique mix of historical allure and contemporary features not only maintained its value but also demonstrated robust growth. Consequently, this has further cemented Liverpool’s position as an attractive location for both seasoned and new investors. In 2023 Liverpool’s housing market stayed strong despite a 2% decrease on house prices from March 2023 to February 2024 the average house price was £196,000. Now halfway into 2024 the housing market is showing signs of steadiness and growth, offering potential benefits to investors. Houses in Liverpool are about 44% cheaper than other areas in England and Wales, making Liverpool an attractively affordable option. It is about 30% cheaper than Manchester and 65% cheaper than London. Liverpool Market Trends: Over five years up to 2021, Liverpool saw house prices surge by 41%. This was the largest increase among UK cities. Expectations are high, predicting Liverpool’s house prices could surge over 20% by 2026. This upward trend is driven by city improvements, a strong economy and increased interest from buyers and investors, resulting in increased prices. In summary, despite a slight decrease in house prices last year, Liverpool remains affordable with a promising future. Reasons to Invest in Liverpool: The arrivals of young professionals and students has boosted housing demand. Key urban projects such as the £5.5 billion Liverpool Waters are crucial for the city’s enchantment. Future projects like HS2 and Crossrail North will enhance connectivity. The average rental yields in Liverpool are currently at a 6 year high, ranging between 49% depending on the property and postcode. Marketing photos used for advertisement,

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