Summary - 406 Reliance House, 20 Water Street, LIVERPOOL L2 8AB
1 bed 1 bath Flat
Central Liverpool apartment ideal for buy-to-let investors and city living.
Central Water Street location, strong tenant demand potential
Newly renovated, furnished one-bedroom with tall ceilings
241 years remaining on the lease — long-term security
24-hour concierge enhances security and tenant appeal
Service charge approximately £2,041 pa; ground rent £372 pa
Broadband speeds reported as very slow — may affect renters
High local crime rate — factor into management and insurance
Heating via community scheme, limited individual control
This fourth-floor apartment on Water Street is a newly renovated one-bedroom property presented ready for immediate occupation or rental. The building retains period character externally while interiors are modern and compact, with tall ceilings and a light-filled open-plan living area. The property benefits from a long lease (241 years) and a 24-hour concierge, which supports security and tenant appeal.
For investors, the flat’s central location in Liverpool’s city centre places it within walking distance of transport hubs, shops and a wide range of amenities, making it attractive to young professionals and students. The property is offered fully furnished and has a practical layout: entrance hall with storage, double bedroom, bathroom with bath/shower and a fitted kitchen within the lounge/diner.
Buyers should note the material running costs and local conditions: a relatively high annual service charge and ground rent apply, broadband speeds in the area are reported as very slow, and local crime levels are high. Heating is provided via a community scheme rather than an individual boiler, which may affect control and costs. There is no flood risk and the long lease reduces near-term ownership risks.
Overall this apartment suits investors seeking a centrally located, low-management buy-to-let with immediate income potential, or buyers wanting a compact city base. The main trade-offs are ongoing service charges, area broadband performance and local crime statistics, which should be factored into yield and management calculations.
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