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  • Buy-to-Let

    Liverpool - critique my strategy & deal!

    Hi

    I would like some advice with regards to a BTL purchase in Liverpool L14 area. Having read a lot about HMO investments and being new to this with limited time, I thought I would go for a residential BTL. So looked at a 2 bed roomed semi and agreed a price of 102,000. The estimated rental would be between 575 and 600 realistically as per 2 estate agents in the area.

    If it was to be a 75% LTV , I would end up investing around 30,000 and my ROI seems around 13% on paper. This prpperty is immaculate and will have no work to do on it. It seems like a clean area to live in , unlike some other areas in L14 but I am no local. I have simply wanted L14 as it is close to the 2 hospitals and has easy commute to the city by public transport. I was hoping for working tenants who will pay regularly keep the house clean.

    Do you think I am being realistic in view of the area and the ROI ?

    Can you think for a better investment for my money elsewhere or by any other means? The plan is to do this through a limited company as I am a higher rate tax payer and will not be drawing any money from it until I retire in 15 years. I also pl;an to inject more money into it from personal savings if this works out. and take it out when there is income from the limited company when I needed it tax free.

    I would really appreciate some advice from more experienced landlords and local Liverpool landlords as well please.

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    Hi.

    I'm a landlord in Liverpool and was born and bred in L14. What part is the property. Can you provide full post code?

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    Hi Richard

    Thanks for your reply. Its on Coulport Close L14 2EL. Its still on rightmove if you want to have a look advertised for 105,000/. One lady owner with no mortgage. Wants to move to a bigger house. I ve viewed it. Its immaculate and no work needs doing on it.

    Your input is much appreciated.


    Zafar


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