East Float Quays, Birkenhead
East Float Quays, Birkenhead, CH41 1DN
Apartment | Buy To Let | Tenanted
£110,000
£575pcm
Rent
6%
Gross yield
Investment Summary
- Price: £115,000
- Market Rent: £575 pcm
- G/R: £250 pa
- S/C: £1407.80 approx pa
- Annual Gross Income: £6,900.00
- Estimated Net Income: £5,242.00
- Gross Yield: 6%
- Net Yield: 4.6%
- EPC: C
Property Description
- Beds: Two
- Baths: One
- Sq/ft: 1044
- Floor: Third
- Apartment
- Allocated Parking
- Status: Tenanted
- Tenure: Leasehold
- Furnished: No
- Lease Length: 139 years remaining
The Development
- This waterside development is located in Birkenhead across the River Mersey from the city of Liverpool
- A charming, grade 2 listed converted mill hailing from the 1850s Victorians
- Liverpool City Centre is easily accessible via the Birkenhead Tunnel and the Mersey Ferry which is just fifteen minutes by car, or ten by ferry
- Residents can enjoy nearby local amenities and East Float Quay is in close proximity to Birkenhead Park train station offering Merseyrail routes
- There is good access to the national road network via A59 Kingsway Tunnel, M53 and M62 motorways.
Why Invest?
There are 3,500 new houses being built across the region with projects beginning in 2016. Developments starting in 2016 plan to add 5,000 new jobs and attract 250 new businesses. £30m redevelopment of Birkenhead Town Centre, including the market and Europa Pools Leisure Centre and a £25m advance manufacturing centre via Unilever, to test and develop new tech. The average Birkenhead apartment rent is £460 pcm.
Map
Financial Example
| Deposit 30% | £34,500.00 |
| Mortgage | £80,500.00 |
| Mortgage / Interest Only (3%) | £2,415.000 |
| Estimated Costs | £1,657.80 |
| Total Cash Invested | £38,572.800 |
| Annual Return on investment | 13.59% |