Latest Valuation
£
ROCE
97%
Location
Liverpool

2 Bed Penthouse in a Highly Desirable Location and 3 Exits

Available to purchase with a fixed price and a fully managed refurbishment contract in place.
Guide Price
£185,995

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Key Features

  • Unparalleled views across the city and Mersey River
  • Below market value
  • Desirable and convenient location ensuring high rental demand
  • Multiple, highly profitable exit strategies
  • Multiple purchase strategies
  • Finance pre-secured for buyers

The Property

This is a fantastic 2 bed penthouse in a highly desirable location in Liverpool, with a huge ROCE of up to 75%.

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 potential:

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.

Planning Information

N/A

The Plan

Stunning 2 bedroom BMV apartment with multiple exits.

Perfect for BTL, serviced accommodation, or quick post-refurb sale.

Light 4 week refurb required to give these desirable apartments the wow-factor.

Available to purchase with a fixed price fully managed refurbishment contract in place. The refurbishment contract can be excluded if required.

Exit strategy 1:

Buy and sell. 25% Net development profit after all costs and a 4-week refurbishment turnaround.

Exit strategy 2:

Serviced accommodation. Buy, refurbish, refinance, rent (BRRR).

Achieve an annualised 5 year net ROCE of 97% per annum after mortgage interest, service charges and all purchasing costs. This model assumes average rate of £90 per night at 75% occupancy.

Exit strategy 3:

Buy- to-let. Buy, refurbish, refinance, rent (BRRR).

Achieve an annualised 5 year net ROCE of 82% per annum after mortgage interest, service charges and all purchasing costs.

Sourced Alderley Edge have an exclusive arrangement with a finance brokerage that has multiple funding lines in place.

The Financials:

Purchase price: £185,995
GDV: £259,995
Refurb cost: £10,000
Sourcing fee: 3%
ROCE: up to 97%

The Location

Liverpool is thriving with a booming population of young professionals and 70,000 students which is fuelling the rental market at a pace whereby demand is almost impossible to keep up with. The Malmaison apartments are uniquely placed on Prime Real Estate at Princes Dock, overlooking the river Mersey and a stone’s throw away from the historic Liver Building, Liverpool One Shopping & leisure district as well as hundreds of swanky bars and eateries. This is the perfect opportunity to acquire an investment that not only delivers fantastic monthly income but also colossal capital appreciation should you look to refurbish and hold/sell.

An ultra-prime investment area, currently undergoing major regeneration of high-end luxury buildings including some iconic towers. The area has huge potential for great capital growth and as such is a genuine investment hotspot, which is highlighted by two development schemes currently going through planning permission and expected to gain consent within a matter of weeks.

The 1st, for 552 apartments in Brunswick Quay, which would transform the local area is expected to cost in the region of £100m and promises to create 'high quality public amenity space'. The 2nd, in Princes dock promises 278 apartments on vacant land within a few hundred meters of the apartments for sale.

Average estimated value for a house in L3 1EJ

£

According to Zoopla (and despite the global pandemic) the average house prices in Liverpool have risen by over 7% in the last 12 months. Further, Savills most recent housing price forecast dated 30 September 20) estimates national house price growth over 5 years to be 20.4%.

Judging by Liverpool’s house price trends and the huge ongoing investment in the city, its entirely plausible that the city could experience almost double the national growth by 2024.

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