Description

Urban Evolution are pleased to market this modern spacious studio, currently let for £750.00pcm generating 10% yield!! Enquire today for more information and to arrange your viewing. Norfolk House Phase One consists of 24hour concierge service, roof terrace, bicycle storage & self-contained launderette facilities. Located in the heart of Liverpool-s bustling Baltic Triangle, you'll have the shops & amenities of Liverpool One just a short walking distance away with the historical culture of the Albert Dock nearby. Take a brief walk in the opposite direction & you'll find a wealth of bars & restaurants such as Ghetto Golf, the Baltic Market & Peaky Blinders. In a nutshell, your new investment is situated at the centre of everything exciting Liverpool has to offer! A popular area for students and young professionals, the aim will be greater to always have this property tenanted, that means guaranteed monthly rent for you. What-s included? Studio comes fully furnished to include a 3-piece bathroom suite, double bed, wardrobe, a study desk & chair as standard. In addition, kitchenette contain a fridge/freezer, hob & extractor fan as well as a small dining table & chair(s). Utility bills such as electricity, water & WiFi are all inclusive. Studios are perfect for individuals, couples or students looking for independent living with a range of prices and layouts. Concierge and management staff will be on site for added convenience and security. Tenants will also have 24-hour access to the buildings- communal facilities which include, launderette & secure bike storage facilities. The Baltic Triangle Known as a hidden gem in the once industrial port area of Liverpool, The Baltic Triangle has had roots in the independent scene of the city for some time. Now it is the home to many thriving independent businesses and venues. An area where creatives, young entrepreneurs, musicians, photographers, and even pop-up galleries come together in a beautiful blend with red brick budlings as their backdrop. Think old meets new, at a time it had over 40% of the worlds trade passing through and now it has lay the foundations for an attractive area within Liverpool for people to settle and thrive. 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, 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. 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 4-9% depending on the property and postcode.