10:47 AM, 23rd November 2018, About 3 years ago
This is a fantastic investment opportunity to purchase one of these beautiful build complete 3 & 4 bed houses within a lovely new development in Kirkby, Liverpool.
We have managed to secure exclusive discounts for our clients with prices starting from only £148,000 for a 3 bed house and £170,000 for a 4 bed house. Investors will enjoy incredible investment 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
£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%)
Kirkby is a town on the outskirts of Liverpool, situated just 9 miles away from the city centre. 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 article by Savills 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 %), making this a ‘not to be missed’ investment opportunity.
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.
All of this makes ‘now’ an incredibly exciting time to invest in the North.
Kirkby residents having a wide selection of primary schools available, with OFSTED-ratings of ‘Excellent’ or ‘Good’. There are numerous secondary schools and further education facilities less than 6 miles away.
The development is situated 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.
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.
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 complete the contact form below and we will be happy to help.
Previous ArticleFake agents scamming landlords and tenants
Next ArticleSome of the best BTL lenders post BICT incorporation