Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
We have stunning, 3 & 4 bed houses ideal for the big-city workers who do not otherwise fancy the fast-paced way of life.
Situated just 30 minutes away (9 miles) from Liverpool and an hour from Manchester, these properties are in a great location and according to Leef Property Management, will be highly desirable for families and sharing professionals alike.
The exciting new development is just two miles from the M57, with excellent links to the wider motorway network. Liverpool John Lennon Airport is 15 miles away and Kirkby train station is only half a mile away, with direct services to Liverpool and Manchester.
Why invest in the North?
According to hometrack.com, Liverpool is the fastest growing city in the UK, having achieved 6.9% growth in the last 12 months! A recent report by Savills on the residential property forecasts predicts that the North-South divide will be turned on its head during 2019 to 2023, with the biggest price rises in the North West (21.6%).
On top of this, Kirkby itself is an exciting town, with more than £200 million being invested in the area, all of this making ‘now’ an incredibly exciting time to purchase in the North!
The ‘Mill Croft’ Development
We have managed to secure exclusive discounts for our clients on these beautiful, high-spec, new build houses, with prices starting from only £148,000 for a 3 bed and £170,000 for a 4 bed house – and they are selling fast!
Investors can enjoy the potential to produce surplus incomes of up to £504.24 per month and anticipated returns on deposit monies invested of up to 14.3%, and incredible investment yields of up to 6.2%. Please find examples below.
3 Bed – Purchase Price of £148,000 – Deposit amount of £37,000 (LTV 75%)
£725.00 – Monthly rental amount
£ 69.60 – Monthly management fee
£247.32 – Monthly mortgage payment
£408.08 – Monthly surplus income
This gives a potential gross return on deposit monies invested of up to 13.2%
4 Bed – Purchase Price of £170,000 – Deposit amount of £42,500 (LTV 75%)
£875.00 – Monthly rental amount
£ 84.00 – Monthly management fee
£286.76 – Monthly mortgage payment
£504.24 – Monthly surplus income
This gives a potential gross return on deposit monies invested of up to 14.3%
(Both mortgage illustrations are based on Virgin Money, 5 Year fixed at 2.65%)
Great reasons to invest . . .
These fantastic properties make for a fantastic investment opportunity and are already proving to be extremely popular with our clients.
If you don’t want to miss out, please contact us using the form below and we will be happy to help.
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