Summary - THE REACH, 39 APARTMENT 72 LEEDS STREET LIVERPOOL L3 2DA
2 bed 1 bath Flat
Ideal for investors targeting student and city-centre rental demand.
Two-bedroom leasehold apartment, open-plan lounge/kitchen
This two-bedroom leasehold apartment in The Reach, close to Liverpool John Moores University and the city centre, is presented as a buy-to-let opportunity with a tenant in situ. The flat offers an open-plan lounge/kitchen, two bedrooms and a bathroom across approximately 711 sq ft, with double glazing and an EPC rating of C. Good broadband and mobile coverage support modern renting demands.
The property will be sold at auction, so successful bidders must be prepared to pay the deposit and fees immediately and to complete on the auction terms. The lease started in 2006 and has about 108 years remaining. Administration and buyer’s premium fees apply on exchange; buyers should review the legal pack for service charge, ground rent and any additional disbursements.
Practical considerations: heating is by electric room heaters rather than central heating, which can mean higher running costs and possible future investment to upgrade. The building dates from the early 2000s and appears in average condition from available information, but purchasers buying at auction are advised to inspect or rely on the legal pack and video; no in-person viewing is provided as standard with auction lots.
Location is a strength for rental demand — a multicultural, student-heavy neighbourhood close to universities, shops, bars and transport links. However, the area records very high crime and very high deprivation indices, factors that can affect tenant mix, void periods and lettings strategy. This lot is best suited to investors comfortable with auction purchases and city-centre student or professional lets.
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