Summary -
Flat 107, Young Village,19 Wright Street,LIVERPOOL,L5 8SB
L5 8SB
1 bed 1 bath Apartment
Vacant investment unit near universities ideal for experienced auction buyers.
- Vacant one-bedroom studio, sold at auction with no reserve
- Long lease: c. 237 years remaining
- Built 2011; modern block with CCTV and coded entry
- Service charge £1,100 per quarter (approx. £4,400 pa)
- Ground rent £150 per annum
- Area: very deprived with high crime statistics
- Broadband speeds very slow; may deter some tenants
- Unconditional sale: buyers pay 5% deposit and buyer's premium
A vacant one-bedroom studio in a 2011 purpose-built block, offered with a long lease and sold at auction with no reserve. The building provides 24-hour CCTV, coded entry and an on-site caretaker, and the flat is centrally located close to Liverpool city centre — a straightforward option for an investor targeting student or budget rental demand.
The lease has around 237 years remaining and the unit is sold vacant, allowing immediate letting or letting-market refurbishment. Note the sale is unconditional: on fall of the hammer buyers pay a 5% deposit plus a buyer’s premium and must complete within 28 days, so review the legal pack carefully before bidding.
Important cost considerations: ground rent is £150 pa and the service charge is £1,100 quarterly (c. £4,400 pa), which is above average and will affect net rental yield. The area is classed as very deprived with high local crime statistics and very slow broadband speeds — these factors will influence tenant profile and achievable rents.
This lot suits a cash-ready investor or landlord experienced with auction purchases and city-centre student lets. The building’s security measures and proximity to amenities support lettability, but be explicit about running costs, local area challenges and the unconditional auction terms when calculating returns.
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