Summary - Flat 7, 42, Simpson Street L1 0AX
1 bed 1 bath Studio
Small, managed studio in Baltic Triangle — immediate income, cash purchase required.
- City-centre Baltic Triangle location, close to bars, restaurants and transport
- Currently tenanted at £550pcm; quoted 6.2% annual return
- Bills (electricity, water, WiFi) included for tenants
- Building amenities: 24-hour concierge, roof terrace, gym, launderette
- Compact studio: approximately 302 sq ft, small living space
- Main heating: electric room heaters (potentially higher running costs)
- Leasehold tenure; sold cash-only — check lease length and charges
- Area classified as deprived with average crime statistics
A compact, city-centre studio in Norfolk House Phase One, located in Liverpool’s lively Baltic Triangle. The studio is offered leasehold at £66,000 and is currently tenanted, producing circa £550pcm (quoted annual return 6.2%). Bills (electricity, water, WiFi) are included for tenants and the property is fully furnished and managed, making it a hands-off option for an investor seeking immediate income.
The building provides useful communal amenities: 24-hour concierge, roof terrace, secure bike storage, launderette and an on-site high-tech gym. Its central location places Liverpool One, Albert Dock and a wide range of bars, restaurants and leisure options within walking distance — appealing to students and young professionals who value nightlife and city living.
Notable practical points: the studio is very small at about 302 sq ft and uses electric room heaters, which can increase running costs despite bills being currently included. The property is leasehold and sold cash-only; purchasers should confirm lease length, service charges and ground rent before committing. The wider area is described as deprived with average crime, so buyer suitability and risk tolerance should be considered.
Overall, this is a straightforward, low-entry urban investment with immediate rental income and full management in place. It suits investors targeting young, city-centre renters or someone seeking a lock-up-and-let asset, provided they are comfortable with the small floor area, electric heating and cash-purchase requirement.
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