Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
A recent article by Savil’s 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%). All of this making ‘now’ an incredibly exciting time to invest in the North.
Our latest build-complete investment opportunity is in Kirkby, a town situated just 9 miles from the city centre of Liverpool. According to hometrack.com, Liverpool is the fastest growing city in the UK, having achieved 6.9% growth in the last 12 months.
Kirkby town centre is set to benefit from more than £200 million of private sector investment over the coming years. To support this, the council has also pledged £13 million to improve public services in Kirkby.
The residents have a wide selection of primary schools available, many of which are OFSTED-rated as ‘Good’. There are also secondary schools and further education facilities less than 6 miles away.
According to Leef Property Management these properties are in a great location and will be highly desirable with professionals and families alike. The close proximity to Liverpool and the extensive motorway network, makes this development perfect for commuters to both Liverpool and Manchester.
About the investment . . .
We have managed to secure exclusive discounts for our clients on 3 and 4 bed semi-detached and detached houses within a lovely new development!
Prices start from only £148,000 for a 3 bed and £170,000 for a 4 bed – and you can expect to enjoy yields of up to 6.2%!
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
£507.24 – 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%)
If you don’t want to miss out, please contact using the form below and we will be happy to help.
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