Rare student investment opportunity in popular Liverpool postcode area
A new property development has become available for investors in the very heart of Liverpool, targeting students as well as young-professionals with high-quality apartments. Norfolk house, Liverpool is giving investors a rare opportunity to invest in student housing within Liverpool's highly sought-after and desirable L1 postcode area.
Norfolk House is being constructed right in the middle of the Baltic Triangle, and therefore well within the area of the city's high-profile, £200 million regeneration scheme. This also places the development just a short walk from many of the city's major attractions and amenities, including the Ropewalks area with its nightlife, the Albert Dock, the Liverpool One shopping centre, and China Town. Two rail stations – Liverpool Central and Lime Street – are also easily accessible. Most important of all, however, is Norfolk House's close proximity to the city's three major universities, providing a convenient living location for students of any one of them.
Students are becoming more demanding in what they want out of their accommodation, and those who choose properties purpose-built for the student market such as Norfolk house in particular tend to possess this kind of mindset. Norfolk House has been designed to offer the kind of amenities that even the most discerning students will be satisfied with. This begins with spacious apartments, decorated in a contemporary style and equipped with high-quality furniture and fittings. Over and above simple living space, however, the development will offer a communal courtyard and roof terrace and a number of leisure facilities including games room, cinema room and well-equipped gym.
From a more practical point of view, Norfolk House will offer facilities such as robust security arrangements including controlled access and 24-hour CCTV, visitor parking and onsite laundry facilities. There are also study rooms and meeting rooms available and residents will benefit from the presence of a management team onsite as well as a manned reception.
The development is currently undergoing its first phase of construction with phase two set to begin very soon. The development has now opened up for investors wanting to take advantage of student property investment in Liverpool, offering a purchase package that is just as attractive as the living package it will offer potential tenants.
At this pre-purchase stage, prices have been set at roughly 20% below market values. Apartments in Norfolk House therefore start at just £62,500. The investment is fully-managed and therefore very hands-off, and they come with assured returns of 10% net over the first three years of holding your investment.
Prices are already significantly below market value for a quality apartment designed by award-winning architects and located in one of Liverpool's most central and sought-after areas. However, the continued popularity of this part of the city and at the major regeneration scheme taking place in the area make it likely that the value of the apartments in Norfolk House will grow higher still in the next few years.
