bills

nope! The holding company went bust so there is NO management agency or freeholder which means that the property will go to rack and ruin! Part of the inside is held up on props anyway so you wonder how structurally safe it is. Means that no-one has responsibility if the roof falls down or leaks develop because there is no overall responsibility for the property. You could buy one of these and the place fall down . If someone does buy the freehold they could slap you with a MASSIVE charge to repair the building -imagine how many 10's of thousands that would be! Noone is touching it with a barge pole at the moment - they cant give them away.....

Up to about £140K with parking but LOW service charge - some of these city centre flats would need to be given away and you would have to take out a mortgage for the service charge!!! Worst I have come across is £310 a month for a 2 bed pokey flat! Anyway - will go view the cornwallis one - had seen it but moving towards the slightly less salubrious area of town and really only attracts student renters from what I am told - not professionals. Agree with you that flats fron GJ looked overpriced but definitely more space than city centre. Any inside info on distressed sellers/developments???

Hi Marcus you are a mine of information - just what I need! Your analysis seems really good but I am a little bit stuck with city centre - tell you why - need to use it myself for shortish period and then have ability to RENT it on when i move on - agents says only guarantee of renting is City Centre area because so many people want to be right in the city - either students or young professionals. Take on board what u say about better suburbs and if i was staying long term - would DEFFO be a better bet but all things considered - am very nervous about not being able to cover mortgage if i DON'T buy in city centre. I am the eternal optimist that something good will come up with a reasonable service charge or even a house (have spotted a few right in city centre but none on market). Waiting for Park West prices to drop thru the floor (according to Land Registry they have sold 170 out of 326 flats so they are holding loads back to look like there is a demand but the few they have on market are not selling!). I do prefer business area as you get more space in flats but again service charges...aah!!!!!

Leeds street seems to have a huge no of repossessions which worries me ..means owners cannot let/sell there so brings whole area down. Where is new cruise develop ment going to be but surely that years down line??

Is there anywhere decent to buy in Liverpool city centre that hasn't,t been rendered unsaleable by the huge management fees....??? Virtually all developments in city centre are in administration and the management fees for many buildings mean that you would be mad to buy there unless you want to flush money down the toilet!! Beetham plaza - a 2 bed has fees of £300+a month plus up to £200 fOr council tax means you are looking at £500 monthly fees BEFORE a mortgage ...and you can never pay it off it only goes up! No wonder they can't sell anything there -a flat went to auction for £100k and still didn't sell. Tower building, the Albany and unity all very high fees. Agents try to create illusion of restricted supply by only dumping a few flats on the market at a time but in reality there are dozens of unsold flats in most developments including one park west. Prices here are prob 40% too high and resellers are taking a bath on what they paid even 2 years ago! Show flats are up priced by hundreds of thousands for a bit of furniture worth prob £10k!!! Get real! Mann island - Trapped by them if you want to rent out and much of the rope walks area is shared equity properties which are very hard to shift on as you have a restricted resale market to first timers only. You need to do some serious research yourself if you want to buy in lpool - agents never give you the true picture and it is probably a cert that unless you get a rock bottom price you are looking at losing money. Am constantly amazed at people offering close to asking prices with one agent when there are flats in same building at half the price - can only presume a fool and his money......... There are two agents to avoid like the plague as up price all properties, Can anyone point to a decent property with reasonable fees 2 bed?