Initial price	£97,950
05/06/24	£94,950
25/06/24	£89,950
Price Change	-8.17%

This is a modern one-bedroom apartment located on the second floor of the recently refurbished Regency Court development, which was once a terrace of houses transformed into 16 luxury self-contained apartments. The apartment features an entrance hall with a cupboard, a spacious double bedroom, a tiled bathroom with a shower cubicle, and an open-plan living and dining area that flows into a contemporary fitted kitchen complete with a fridge-freezer and washer-dryer. It also comes with one allocated parking space and an intercom entry system. Situated on Derby Lane in Old Swan, the apartment is within easy reach of Liverpool City Centre and the M62 motorway, while nearby Prescot Road offers convenient amenities including a Tesco superstore, shops, and pubs. The property is currently tenanted until 01 July 2024, at a monthly rent of £675, offering an impressive rental yield of 8.27%. The apartment benefits from an EPC rating of C, with a valid certificate until 2029, and includes an annual service charge of £720.64, billed half-yearly at £360.32. The ground rent is £200, with a review every five years linked to the Retail Prices Index (RPI). The apartment also comes with annual building insurance of £289.81, and there are 120 years remaining on the lease. The local authority is Liverpool City Council, and the property is council tax band A.