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  • Property-a-holics

    RW Invest - Liverpool/Manchester - reviews?

    Has anyone dealt with them ? Seriously considering investing with them.

    They seem to have very good reviews online but I thought I would double check here first.

    Many thanks

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    Good experience, I bought a property in Liverpool, receiving good returns.

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    Hi Ivan and welcome.

    That's great to hear.  Could you supply the following information to help understand the returns?

    Postcode

    Property type

    Purchase price

    Monthly rental being achieved

    Thanks.

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    Postcode - L2, slap bang city centre

    New build property

    Purchased at GBP135k, one bed apartment.

    680 per month

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    Are there monthly costs on top of that? Like ground rent,  management fees, service charge etc.

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    Yes. Can't recall exact figures but nothing out of the ordinary.

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    Good to know this - I am looking for a buy to let in L2 and their claimed rental return for a 1 bed is £1000! Is that unrealistic then?

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    I would be cautious and do extensive due diligence, a simple search on rightmove putting in L2 brings up 130 available apartments To Let, many 1 Beds available £525 - £850 2 Beds £850 + don't get me wrong there are some 1 Beds £1000 + but looks like it's a competitive market.....I would imagine service charges on these types of apartments will be £100 per month + and remember if you have an agent managing they will charge you minimum 10% +.........

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