Summary - 39 APARTMENT 7 LILLEY ROAD LIVERPOOL L7 0LP
2 bed 1 bath Apartment
Compact two-bed apartment with long lease and rental income in central L7, close to university and transport..
Two double bedrooms in a compact 614 sqft layout
Open-plan lounge and fitted contemporary kitchen
Long lease (978 years) — secure tenure for buyers
Currently tenanted at £760 pcm — existing rental income
Victorian building with high ceilings and period character
Neglected exterior; building maintenance likely required
Very high local crime and very deprived area — consider risks
Service charge ~£1,600pa; ground rent £55pa
This compact two-bedroom apartment sits within a Victorian mid-terrace on Lilley Road, offering immediate rental income and a very long lease (978 years). At 614 sqft the layout is efficient: open-plan living, a contemporary fitted kitchen and a full bathroom suit tenants, students or a small household. The property is currently let for £760 pcm, making it a ready-made investment with predictable income.
The building retains period character—high ceilings and an ornate façade—but the exterior shows signs of neglect and will need maintenance. Internally the kitchen is modern and rooms are generous for the size, with double glazing and gas central heating installed; however the building’s original sandstone walls are likely uninsulated and the flat is small overall.
Location is a strong practical draw: minutes from the University of Liverpool, Royal Liverpool Hospital, Edge Hill rail links and local bus routes, putting reliable transport and amenities on the doorstep. Be aware the immediate area has very high crime rates and is classed as very deprived, so buyers should weigh local social factors alongside rental demand.
Practical costs: the flat is leasehold with a modest ground rent (£55) but an average service charge of approximately £1,600 p.a. Prospective buyers should budget for exterior repairs, verify service condition, and factor in the service charge when assessing net yield.
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