Liverpool is currently one of the fastest-growing cities in the UK. It has the largest regeneration in the North West (Liverpool Waters), home to the best yields for short term lets which is growing on average between 4.5-5.5% per year and the north west expected to grow by 24% over the next 5 years.
Where to invest in Liverpool?
- Albert Dock – This is where you will find some of the most expensive real estate in Liverpool with 2 bedroom apartments going for over £300k – https://www.rightmove.co.uk/
property-for-sale/property- 64947054.html - There has been a large amount of regeneration in Liverpool over the past 5 years, the most recent is the Baltic Triangle (highlighted blue on map below)
- A development price list when we were selling back in 2015.
Next areas to look at slightly north of the Baltic Triangle area as this is where you have two main regeneration projects
-
- Liverpool Waters – £5.5bn redevelopment (highlighted red)
- This area is being regeneration by the Peel Group and will transfer Liverpool over the next 10-15 years.
- This will consist of commercial and residential property along with new cruise terminals and Everton Football stadium
- In terms of size, it is 60 hectares – comparing this to Canary Wharf in London which is 39 hectares – 1/3 bigger
- Project Jenifer – £150m regeneration (highlighted green)
- Consisting of new retail space creating 1,000 of jobs
- This area is only 10 mins walk from Liverpool Lime Street Station
- Projects in these areas (Liverpool waters) – we had one which we sold 2 years ago – Quay Central
- Liverpool Waters – £5.5bn redevelopment (highlighted red)
Current Project – Tannery – (close to project Jenifer)
Key Benefits
- Price point – Below Market Value
- 1 beds starting from £121k and 2 beds from £181k including parking
- Price per sq/ft – 2015 prices – We are looking at around £240 per sq/ft
- Location
- 10 mins from Liverpool Lime Street Station
- Close to the 2 major regeneration projects in Liverpool
- Huge growth area
- Returns
- Circa 6% NET through AST
- Circa 8-10% through Skylet (short term lets)
- Ability to flip prior to completion for a quick profit
- Payment Structure
- £5,000 reservation Fee
- 25% on exchange (minus reservation fee)
- 75% on completion (Q4 2020)
- Good developer
- SPV called Elatus Development Group
- Over 25 years experience with property development
- A couple of projects that have completed
GDV of £5m
GDV of £5m
Best Apartment
One Bed – Unit 509
- Fifth Floor
- One Bedroom
- 442 sqft
- South Facing
- Courtyard Views
- £111k
Floor Plan:
| 12 month AST | |
| Apartment Price | £111,000.00 |
| Rent PCM | £750.00 |
| Gross Income | £9,000.00 |
| Service Charge | £884.00 |
| Management Fee (8%) | £720.00 |
| Ground Rent | £250.00 |
| NET Income per year | £7,146.00 |
| NET Yield | 6.4% |
Two Bed – Unit 604
- Sixth Floor
- Two-Bedroom Including Parking
- 672 sqft
- South Facing
- Courtyard views
- £166k
Floor Plan:
| 12 month AST | |
| Apartment Price | £166,000.00 |
| Rent PCM | £950.00 |
| Gross Income | £11,400.00 |
| Service Charge | £1,344.00 |
| Management Fee (8%) | £912.00 |
| Ground Rent | £300.00 |
| NET Income per year | £8,844.00 |
| NET Yield | 5.3% |
Options to Let
There are 3 different options when it comes to letting your apartment:
- Traditional Short term tenancy (12 months)
- Skylet – Short term let
- Independent Agent
Next Steps
- For more information, speak with your broker or if you don’t currently have one, contact the number or email below.
- To reserve:
- There will be a reservation form and fee of £5,000 to secure your apartment.
- We will then instruct the recommended solicitors, Silver Shemmings Ash who will act on your behalf right through to completion
- You will then have our Aftersales team that will guide you through the whole process from start to finish.
For further information please contact Flambard Williams:
Head Office: +44 (0)20 7183 0646
Email: christopher.whetstone@flambardwilliams.co.uk
https://flambardwilliams.co.uk/properties/st-annes/
