The Walton
Short Term Lets Figures & comparables
The Local Market •
Investors looking to invest in the serviced apartment sector will be enthused by its fundamentals. In terms of the specific investment, individuals will be looking for buildings with high quality facilities in good, central locations.
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Due to stays being generally longer (research has shown that 91% of stays are of 14 nights+), residents will be reassured of a more stable income as their apartment will be occupied for a more definite period.
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Serviced apartments in the UK averaged an 81% occupancy rate in 2016, and outperformed hotel rooms which stood at 77.2%.
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Liverpool’s credentials compliment the serviced apartment industry perfectly. The city boasts not only a booming tourism industry but also a growing economy, home to the largest proportion of fast growing new businesses in the country.
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A report on the hotel industry in 2017 by PwC also identified Liverpool as a place that will experience growth in terms of revenue achieved per room, indicating an increased demand and willingness to spend more in the city.
One Week, Two Bedroom Apartment
THE LOCATION THE DEVELOPMENT THE INVESTMENT THE DETAILS
Weekly Figures –Two Bedroom Apartment Average - £1150 per week Annual Income - £59,800 Occupancy Rate - 65% Actual Income - £38,870 Management Fee – 20% - £7,774 Estimated Service Charge & Ground Rent - £1,450 Estimated NET Income - £29,646 Average Unit Price – £230,000 Estimated NET Yield – 12%
One Week, Three Bedroom Apartment
Weekly Figures –Three Bedroom Apartment Weekly Figures – Three Bed Average - £1,300 per week Annual Income - £67,600 Occupancy Rate - 65% Actual Income - £43,940 Management Fee – 20% - £8,788 Estimated Service Charge & Ground Rent - £1,600 Estimated NET Income - £33,552 Average Unit Price – £250,000 Estimated NET Yield – 13%
Maple House 23 Watergate Row South Chester,Cheshire CH1 2LE Tel: 01244 343355 Email: sales@residential-estates.co.uk