With a fantastic location right on Market Street in the town centre of Southport, this modern-specification apartment makes for an ideal investment. The developer is now looking to move the final unit in what has been a popular development, reducing the price to £62,000. This price also includes an allocated parking space, which was previously an additional add-on costing £10,000.
As well as increasing the value of this deal by including the parking space, the developer is also offering to lease the property back from the buyer for 6 months at the market rate of £450 pcm. This gives the property a very attractive net yield of 8.16%. In the current market of increasing prices and lowering yields, this presents a very generous offer and a great deal on the final remaining unit at this development. Weve previous had a lot of interest on this development, and with the added final incentives this unit will not be around for long.
Right on the doorstep of the town’s bars, restaurants and cafes, the apartments are also just around the corner from Southport train station, with trains into Liverpool departing every fifteen minutes.
With finance available, subject to status and lender’s criteria, a deposit of just £18,250* is needed to secure one of these fantastic units, making this an outstanding opportunity, ideal for those looking to get started in buy-to-let.
Assetz Property have successfully sold many properties to investors in Southport – including in this very development – all with an excellent rental record.
*Deposit of 25% based on a studio unit priced at £73,000. Finance is subject to status and lender’s criteria
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.