Tommy Ng
Well-Known Member
- Messages
- 398
- Locality
- South Yorkshire
Hi
A friend of mine from overseas is thinking to buy this property for investment. I am not familiar with properties in Liverpool and wonder if anyone can give an advice. It does seem to be quite a good investment but where is the catch??
http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=10285898
General Information
1. Project Jennifer right next door. A £150m superstore and Mega Mall bringing over 1100 jobs to the community. http://www.liverpoolecho.co.uk/live...fer-to-finally-start-in-2012-100252-27813762/
3. 15 tenants chasing every 1 property that becomes available in Liverpool.
4. Liverpool Actually ran out of rental property at several points this year.
5. Rents one up 10% since May 2011.
6. £112,000 rebuild Cost.
7. Lenders agreed 60% LTV refinance after 6 months.
8. 21% below RICS Valuations.
9. 3 year rental assurance backed by MEDL with £500,000 deposited by MEDL in rental account.
10. LCC Completion certificate provided to buyer.
11. KDP Architects Certificate provided to buyer.
12. 10 SHP Structural Warranty provided to buyer.
13. 10 Premier Guarantee provided to buyer.
14. 3 bedroom Apartments... very rare.
15. All rental comparisons higher than the £575 per month we are charging.
16. 4 minutes on bus or drive to City centre.
17. 2 bus stops on either side of the project.
18. 12 minutes walk into city centre.
19. Gated Community with 24 hour live in Security and CCTV.
20. Parking within the gated community available at no charge for tenants
tom
A friend of mine from overseas is thinking to buy this property for investment. I am not familiar with properties in Liverpool and wonder if anyone can give an advice. It does seem to be quite a good investment but where is the catch??
http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=10285898
General Information
1. Project Jennifer right next door. A £150m superstore and Mega Mall bringing over 1100 jobs to the community. http://www.liverpoolecho.co.uk/live...fer-to-finally-start-in-2012-100252-27813762/
3. 15 tenants chasing every 1 property that becomes available in Liverpool.
4. Liverpool Actually ran out of rental property at several points this year.
5. Rents one up 10% since May 2011.
6. £112,000 rebuild Cost.
7. Lenders agreed 60% LTV refinance after 6 months.
8. 21% below RICS Valuations.
9. 3 year rental assurance backed by MEDL with £500,000 deposited by MEDL in rental account.
10. LCC Completion certificate provided to buyer.
11. KDP Architects Certificate provided to buyer.
12. 10 SHP Structural Warranty provided to buyer.
13. 10 Premier Guarantee provided to buyer.
14. 3 bedroom Apartments... very rare.
15. All rental comparisons higher than the £575 per month we are charging.
16. 4 minutes on bus or drive to City centre.
17. 2 bus stops on either side of the project.
18. 12 minutes walk into city centre.
19. Gated Community with 24 hour live in Security and CCTV.
20. Parking within the gated community available at no charge for tenants
tom