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Studio flat for sale

Wright Street, Liverpool, Merseyside, L5

Guide Price* £28,000

Property Description

Key features

  • Ideal 'hands-free' investment
  • Fully managed student let
  • Studio apartment
  • Bedroom & en-suite shower room
  • Shared kitchen and living area
  • Bicycle store & shared laundry facilities
  • Close to city centre
  • Within walking distance to two universities
  • Close to all amenities
  • Property built 3 years ago

Full description

Location
The property is located within a modern purpose built block, approximately one mile north of Liverpool city centre, just off Scotland Road on Wright Street.

The property is within close proximity to the Royal Liverpool university hospital, Liverpool John Moores University and the institute of performing arts.

Liverpool has one of the largest student populations in England.Demand for modern purpose built accommodation is high, but in short supply.

There are a wide range of amenities within walking distance and excellent transport links to the city centre.

Description
A modern furnished one room studio with en-suite shower room comprising of low flush WC, wash hand basin and shower facilities.

The property has access to a shared kitchen and living area.

To the ground floor there is a shared bicycle store and shared laundry facilities.

The property is one of a block of 31 en-suite rooms, with a shared kitchen and living room to each floor. Each apartment is furnished with a double bed, storage, study area with chair and a shower room.

The building was constructed only three years ago.

Accommodation

Studio 15.5 Sq M 166 Sq Ft
Total 15.5 m2 166 ft2

Services
We understand the property has mains gas, electric, water and drainage.

Tenure
Long leasehold - we are advised the lease is for 250 years from 2013. Review legal pack for further information.

Investment Analysis
The property is currently let for 95 per week for the university year of approximately 44 weeks (4180 pa), representing a gross yield of 14.93%.

We have been advised of the following approximate costings:

Service charge: 136 pm
Ground rent: 150 pa
Management fee approx: 6% pm

*Guide Price
28,000

Please be advised an inspection of this property has not been undertaken and photographs and measurements have been provided by a third party.
Approx. gross internal floor area

More information from this agent

Listing History

Added on Rightmove:
17 October 2016

Nearest stations

  • Sandhills (0.7 mi)
  • Moorfields (0.9 mi)
  • Liverpool Lime Street (1.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Sandhills (0.7 mi)
  • Moorfields (0.9 mi)
  • Liverpool Lime Street (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 19wrightstreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Pye Property, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


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