Modern Method of Auction
Auction date not yet published
1-bedroom house · L2 8AB
Sold STCListed 503 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £94,950.
Qube Residential are delighted to welcome to the market this well proportioned one-bedroom fourh floor apartment located on Water Street, L2, along the iconic Liverpool waterfront.
Offering well presented and spacious accommodation throughout, this apartment is sure to appeal as a both a residential or investment purchase.
The apartment centres around an open plan kitchen living and dining area, providing the ultimate entertaining space.
The kitchen features sleek fitted units, integrated appliances and plentiful worktop space.
Completing the interior is a bright and generously sized double bedroom and a contemporary style three piece tiled bathroom suite.
Residents of the building benefit from a manned front desk concierge, security services 24 hours a day, and building door security intercom.
Located in a grand and architecturally stunning building, this is a perfect home for those looking to live in the heart of Liverpool's vibrant city centre.
Currently Tenanted Until February 2026 @ £850 pcm Service Charge: £2,242.84 pa Ground Rent: £372.50 pa Lease length: 250 Years From 2017 Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services.
Entrance Hall (2.92m x 1.26m) Laminated flooring, video intercom, recessed spotlights to ceiling, walk in storage cupboard.
Open Plan Living/Kitchen (6.33m x 3.09m) Laminated flooring, radiator, 2 x secondry glazed windows to front aspect, recessed spotlights to ceiling, opens onto kitchen.
Kitchen Laminated flooring, range of wall and base units, flat edged work surfaces, sink and drainer with mixer taps, integrated electric hob and oven with stainless steel splashback and extractor hood, integrated microwave, integrated washer/dryer, integrated fridge freezer, recessed spotlights to ceiling.
Bedroom (3.29m x 2.69m) Carpeted, secondry glazed window to front aspect, radiator, recessed spotlights to ceiling.
Bathroom (2.13m x 1.68m) Tiled flooring, low level w/c, pedestal handwash basin, tiled bath with shower attachment and splashguard, chrome vertical towel warmer, recessed spotlights to ceiling, tiled to compliment.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 404, Reliance House, Liverpool
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