- Unparalleled views across the city and Mersey River
- Below market value
- Desirable and convenient location ensuring high rental demand
- Multiple, highly profitable exit strategies
- Several purchase strategies
- Finance pre-secured for buyers
Sourced are thrilled to present this 2 bed apartment in a highly desirable location and 3 exits.
Previously purchased for £219,000 in 2008, this repossessed 2-bedroom apartment offering stunning views of both the city and the river is now for sale at £185,995.
It comprises a spacious open-plan living area with river facing balcony, fully- fitted L-shaped kitchen and integrated appliances . The master bedrooms is large with en-suite and the second bedroom is big enough to accommodate a double bed. Both bedrooms have built-in wardrobes, a 3 piece bathroom with bath and shower complete this apartment.
The current economic downturn is entirely different to that of 2008 by the very fact that it has not been caused by economic factors. Indeed, the one sector that has boomed during the pandemic is the property market. Banks are lending at high LTVs and at cheaper rates than ever before, which makes the prospect of purchasing the Malmaison apartments distinctly mouth-watering.
In-fact these properties are such good value, that they are staggeringly being offered for sale today at below the price that they were originally sold for in 2008. The chance to purchase these so far below market value means that even the lightest of refurbishments could see investors generating an ROI of 20-30% within only a matter of months.