Flat 5, Caryl Street

Spacious one-bedroom tenanted apartment for sale in the Dingle region of Liverpool city centre. Current rental income is £450.00pcm. Market rental rate for this one-bedroom apartment is currently estimated to be approximately £550.00 - £575.00pcm

The property consists of: Entrance hallway leading to the family bathroom which has a bath, sink and toilet. A good-sized double bedroom is also accessible from the entrance hallway. There is also an open planned kitchen/living space to the right of the hallway. This is a fantastic space and one of the largest in the area for a one-bedroom apartment. The kitchen has sink and drainer along with an oven with a hob. There is a storage room also where the water tank is housed.

The property also benefits from car parking facilities to the rear which are available to residents and visitors.

Caryl Street - Investment Highlights
Purchase price - £78,000.00
Current rental price £450.00pcm
Expected market rental £550.00 - £575.00pcm
Annual service charge and ground rent - £1,400.00 per annum
Management/lettings cost per annum - £600.00 per annum Purple Bricks
Leasehold – 100 years remaining
Gross yield return of 6.92%
Approximately 41.3sqm

Apartment 5, Caryl Street, Dingle, Liverpool - Lettings and Property Management
The property has been let for the past 3 years with the current tenant. Current management company lettings fees are 10% + VAT for the management of the property.

Current Tenancy Status
Current tenancy agreement completes on the 30th of September 2022. The tenant has indicated that she would be looking to extend the tenancy and would be happy to commit to a 12-month contract.

Apartment 5, Caryl Street, Dingle, Liverpool - Reservation and Purchase Process
1. Complete a reservation from to secure the unit and provide AML documents
2. Pay £1,250.00 plus VAT (50% of sourcing fee). Additional £1,250.00 plus VAT due on successful completion.
3. Solicitors instructed
4. Balance due on completion.

Video - Flat 5, Caryl Street