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  • In the Spotlight

    Location Spotlight: Liverpool

    I've got a mutilet in Picton Road. I bought it at auction. I thought it would rent easily, but it proved pretty difficult. In the end, I bit the bullet and decided to fork out another 40k or so refurbing the two apartments. I'll keep you posted about how it goes. Nearly finished with the refurb now.... I do think your yield estimates of 14 or even 20% are a bit optimistic. I'd say 12% is more realistic as a gross figure, coming down to 9 after council tax and expenses (on multi-let houses or apartments). Then there are voids and maintenance costs - and that's before agency fees. I think it's a good idea to be more sober and realistic about the returns on these properties - it was precisely because people were dangling figures of 14%+ at me that I bought into the "dream", and I do regret it, as it's been far more hassle than it's worth.

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    Careful everybody - this thread is way out of date and the information in it is largely no longer applicable or true. The situation in Liverpool has changed a lot for landlords since 2013, mainly for the worse. Forget those yields, for a start.

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    Liverpool has managed a very interesting and appealing double win, according to data from Hometrack.

    The city not only topped the list of the UK’s most affordable cities, but has also topped the list of the cities with the highest annual price growth. Putting these two facts together and it’s very easy to see why investors have been flocking to this rejuvenated city.

    Full/source story

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    JLL predict that city centre rents in Liverpool will increase by an average of 3% pa - above their expectations for the UK of a 2.4% pa rise.


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