Summary - Apartment 63, 4, Leigh Street L1 1NT
1 bed 1 bath Apartment
Compact, easily managed city flat suited to investors or student tenants.
Chain free city centre studio, vacant possession
Previously let at £725pcm — strong gross yield potential
Modern finish, large double windows, laminate flooring
Leasehold with 241 years remaining
EPC D; electric room heaters — potentially higher running costs
Very slow broadband reported; may affect remote-working tenants
High local crime level; consider lettings and insurance implications
Auction sale: 4.5% reservation fee (min £6,600) and buyer due diligence
A compact fourth-floor studio in the heart of Liverpool City Centre, offered chain-free via a Modern Method of Auction. Large double windows fill the open-plan living and sleeping area with light; laminate flooring and a simple, modern finish make the space low-maintenance and immediately lettable. The building sits just off Church Street, within easy walking distance of major rail stations, shops, cafés and university facilities — strong demand drivers for renters and short-term tenants.
This unit previously achieved £725pcm, illustrating attractive gross returns at the current £40,000 guide price for investors. The apartment is leasehold (241 years remaining) and vacant now, allowing immediate possession or re-letting. Council Tax band A keeps holding costs low; EPC grade D and electric room heaters mean running costs may be higher than gas-heated flats.
Buyers must note this sale uses the Modern Method of Auction: a non-refundable reservation fee (4.5% of purchase price, min £6,600) is payable in addition to the purchase price, and the buyer completes within the auction timetable. A Buyer Information Pack is available but independent due diligence is required — services such as ID verification, pack fees and potential referral services apply.
Practical negatives to consider: the wider area is a high-crime, multicultural student neighbourhood and broadband speeds are reported very slow, which could affect some tenants. There is no private outdoor space, heating is electric room heaters, and some buyers may want to budget for minor upgrades or improved connectivity before re-letting to maximise returns.
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