2 Bed Flat, Single Let, Liverpool, L3 2AP, £223,000

68 Great Crosshall Street, Liverpool, L3 2AP - 3 views - 6 months ago

Leasehold
BTL
113 m²
+1 photos

ValuationOvervalued

Sold Prices£37K - £315K
Sold Prices/m²£352/m² - £5K/m²

 

 

Square Metres

113 m²
Price/m²£2K/m²

Value Estimate

£185,658

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,750

Stamp Duty & Legal Fees

£7,890

Total Cash In

£63,640

 

 

Cash Out

 

Rent Range

£700 - £1,700

Rent Estimate

£795

Running Costs/mo

£876

Cashflow/mo

£-81

Cashflow/yr

£-970

Gross Yield

4%

Local Sold Prices

50 sold prices from £37K to £315K, average is £178.5K. £352/m² to £5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£217K12/220.55 miFlat 202c, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£240K12/220.57 miFlat 209, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£230K12/220.6 miFlat 120, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£240K05/210.6 miFlat 112, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£163K08/210.6 miFlat 201, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£240K12/230.6 miFlat 128, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£225K01/230.6 miFlat 158, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£236K04/230.6 miFlat 153, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£270K06/230.6 miFlat 23, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BG2
£210K01/210.6 miFlat 110, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£187K05/210.6 miFlat 73, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BG2
£215K08/230.6 miFlat 198, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£275K01/210.6 miFlat 127, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£200K12/200.6 miFlat 191, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£285K05/210.6 miFlat 150, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£227.5K10/200.6 miFlat 81, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£220K05/230.6 miFlat 72, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BG2
£162K06/210.62 miFlat 371, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BU2
£144K10/210.62 miFlat 363, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BU2
£185K01/240.64 miWaterloo Quay, Flat 350, Waterloo Road, Liverpool, Merseyside L3 0BT2
£155K09/230.65 mi109, Benson Street, Liverpool, Merseyside L1 2SS2
£140K09/210.66 miFlat 235, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£185K10/230.68 miFlat 295, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£140K09/210.68 miFlat 235, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£190K02/230.68 miFlat 231, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£195K10/230.68 miFlat 232, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£172K03/230.68 miFlat 235, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£100K12/210.68 mi133, Salisbury Street, Liverpool, Merseyside L3 8BT2
£120K02/210.69 mi82, St Andrew Street, Liverpool, Merseyside L3 5XY2
£37K05/220.71 mi75, James Dunne Avenue, Liverpool, Merseyside L5 8SA2
£97K10/200.74 mi15, Courtier Close, Liverpool, Merseyside L5 3PT2
£92K07/210.8 mi6, Gem Street, Liverpool, Merseyside L5 2AT2
£116.1K07/220.8 mi62, Chapel Gardens, Liverpool, Merseyside L5 5BE2
£131K11/210.82 mi19, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£195K02/210.82 mi18, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£101K12/200.82 mi31, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£95K12/200.9 mi259, Conway Street, Liverpool, Merseyside L5 3BB2
£315K11/230.9 miEast Quay, Flat 48, Wapping Quay, Liverpool, Merseyside L3 4BU2
£260K12/200.9 miFlat 11, North Quay, Wapping Dock, Liverpool, Merseyside L3 4BU2
£275K10/200.9 miFlat 38, East Quay, Wapping Dock, Liverpool, Merseyside L3 4BU2
£285K04/240.9 miEast Quay, Flat 33, Wapping Quay, Liverpool, Merseyside L3 4BU2
£92.5K10/220.91 mi243, Conway Street, Liverpool, Merseyside L5 3BB2
£93K06/220.91 mi181, Conway Street, Liverpool, Merseyside L5 3BB2
£80K12/220.91 mi191, Conway Street, Liverpool, Merseyside L5 3BB2
£113K03/230.91 mi37, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£150K10/200.91 mi40, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£150.5K01/230.92 mi10, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£95K06/230.94 mi99, Conway Street, Liverpool, Merseyside L5 3BA2
£92.5K09/220.94 mi19, Conway Street, Liverpool, Merseyside L5 3BA2
£130K11/220.99 mi35, Gilmartin Grove, Liverpool, Merseyside L6 1EG2

Local Rents

50 rents from £700/mo to £1.7K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,15012/240.01 miStandish Street, Liverpool, L32
£90012/240.01 mi-2
£89502/250.03 mi-2
£1,10004/240.03 miStandish Street, Liverpool, Merseyside, L32
£80004/240.03 mi17 Standish Street, Liverpool2
£1,05012/240.05 mi-2
£1,05012/240.05 mi-2
£79504/240.07 miLace Street, Liverpool, Merseyside, L32
£82512/240.09 miBispham House, City Centre2
£85012/240.09 miBispham House, Liverpool, Merseyside, L32
£1,10003/250.1 mi-2
£1,05001/240.1 mi-2
£1,05004/240.1 mi-2
£1,15012/240.1 mi-2
£1,15012/240.1 mi-2
£1,15002/250.13 mi-2
£1,55002/240.13 mi-2
£1,70012/240.13 mi-2
£1,30003/250.13 mi-2
£95012/240.13 miHatton Gardens, L3 2HA, 2
£1,10004/240.13 mi-2
£1,10012/240.13 mi-2
£1,15002/250.13 mi-2
£1,25005/240.14 miCable House, 49 Cheapside, Liverpool, Merseyside, L22
£1,25005/240.14 miCheapside, Liverpool2
£99512/240.14 miThe Reach, Leeds Street, Liverpool2
£1,30003/240.15 miCheapside, Liverpool, Merseyside, L22
£80003/240.16 mi-2
£90006/240.16 mi-2
£1,17003/250.16 mi-2
£1,25006/240.16 miWestminster Chambers, Crosshall Street2
£95004/240.16 mi39 Leeds Street, City Centre, Liverpool, L32
£90012/240.16 miThe Reach, Leeds Street, City Centre, Liverpool, L32
£80004/240.16 miTithebarn Street, Liverpool, L32
£90003/240.16 miLeeds Street, Liverpool2
£70004/240.17 mi-2
£85012/240.17 mi-2
£85004/250.17 mi-2
£70004/240.17 mi-2
£1,20006/240.17 miCrosshall Street, Liverpool2
£78012/240.17 miLeeds Street, The Reach, L32
£87502/240.17 mi-2
£87504/240.17 mi-2
£85004/240.17 mi-2
£92504/240.17 mi-2
£99512/240.17 mi-2
£1,02512/240.17 mi-2
£90012/240.17 mi-2
£90004/250.17 mi-2
£99503/250.17 mi-2

Local Area Statistics

Population in L3

17,396

Population in Liverpool

675,519

Town centre distance

3.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+67%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £223,000

October 4, 2024

Description

  • Discover Luxury Living in Liverpool: Stunning One and Two-Bedroom Apartments in Westminster Park. Don't Miss Your Chance to Invest in This Transformative Development! +
  • Investment Opportunity Awaits: Secure Your Future with Stylish Apartments in the Heart of Liverpool's Newest Regeneration Area-Contact Us for More Information Today! +
  • Live the City Life: Premium Apartments Just Minutes from Liverpool's Vibrant Centre. Enjoy High Yields and Exceptional Living in the Exciting Westminster Park Development! +
  • Elevate Your Lifestyle: Explore Our New Development in Westminster Park with High-Quality One and Two-Bedroom Apartments-Your Perfect Investment Awaits in Liverpool! +
  • Transform Your Investment Portfolio: Luxurious Apartments Available in Liverpool's Exciting New Westminster Park. Benefit from High Returns and a Thriving Community! +

This impressive development is located in the southern section of the newly established Westminster Park, which is poised to redefine the way Liverpool residents experience city living.

Full Description - This impressive development is located in the southern section of the newly established Westminster Park, which is poised to redefine the way Liverpool residents experience city living. This project offers exceptional one- and two-bedroom apartments, crafted to the highest standards to provide tenants with a luxurious living experience. Ideally situated on the edge of Liverpool city centre, residents will enjoy easy access to the vibrant city's many attractions, just a 10-minute walk away.

Investment Overview

Short-term lettings permitted
Off-plan investment opportunity
20% below current market value
Projected yields of up to 10% with short-term lettings
0.1% ground rent
250-year leasehold
Council tax band: A
Prices: 1-bedroom apartments from £135,900; 2-bedroom apartments from £195,000
Location Overview

House prices in the North West are predicted to rise by 27.3% in 2024
Just a 10-minute walk from the New Liverpool Waters £5.5 billion regeneration area
Liverpool has achieved 10.7% capital growth in the past year
The L3 postal area is set to yield an average rental return of 7.40%
This apartment represents an excellent investment opportunity, offering a 250-year leasehold. The estimated service charge is £2 per square foot (investors will be informed of the review date in the future), and the ground rent is expected to be 0.1%, with the review period disclosed upon purchase. It is also anticipated to fall within Council Tax band A.

Contact us today to learn more about this exciting new development and to speak with one of our consultants.

Information shown is subject to change.

Agent Details

Elite Realty Invest, Liverpool

0151 453 2241

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪