Developer gives buyers a uniquely affordable chance to rejuvanate prime residential Southport apartments
2 March 2007
North West developer OC Developments has announced that it is offering residential buyers a great opportunity to cash in on its latest development – Lulworth Court in the heart of Birkdale in Southport, Merseyside.
Situated on the corner of Oxford Road and Lulworth Road, buyers are being given the opportunity to purchase six two bedroom un-modernised shells in a striking detached Victorian villa.
It is a very unusual scheme giving first time buyers, investors and smaller property developers alike the opportunity to purchase a home or investment at an affordable price whilst allowing them to refurbish and upgrade the kitchens, bathrooms and general décor to their own taste and budget.
The building is at the latter stages of major contemporary renovations to both the communal areas and the exterior of the building. There is also an extensive program in place to upgrade the large grounds, including full landscaping with subtle lighting and adding one to one parking with visitor spaces and electronic gates to both the Lulworth road and Oxford Road entrance.
This is all without the costly and time consuming hassle of having to deal with building control, architects or gaining planning permission. Additionally, by leaving the existing bathrooms and kitchens in each unit, it is a lot easier for the purchaser to obtain a residential mortgage rather than a commercial loan.
With Southport recently enjoying something of a renaissance as a place to live, work and play - the Birkdale Open Golf Tournament is due to take place in the summer of 2008, Liverpool’s Capital of Culture year - this offer from OC Developments also provides a range of entrepreneurial opportunities for those purchasers who wish take advantage of the area’s recent boom as a sporting destination.
The sizes of the apartments start from 700 sq ft and with prices for a two bed shell starting at £139,950, the Lulworth Court apartments could provide huge rental potential for investors in terms of demand and price - last year’s Royal Liverpool Open Tournament saw rents going for in excess of £7,000 for the week for a three bedroom house.
Once they are internally refurbished the apartments will have very strong comparable prices in excess of £200,000, thus ensuring that any purchaser will make a significant return on their investment.
The building itself benefits from unusually high floor to ceiling window heights, which is evident on all three floors of the building, adding to the sense of space in each flat which. All master bedrooms are large doubles and all second bedrooms are doubles.
With its location in affluent and sought after Birkdale, the Lulworth Court development is in an excellent location within Southport - the bustling Lord Street and town centre is just 10 minutes walk away and it is in close proximity to all the main transport links - Birkdale train station is less than ten minutes walk away and both Blackpool Airport and the M58 Junction are 9 miles away.
Oliver Dudley, Director of OC Developments, said:
“This is a terrific and unusual opportunity for canny first time buyers, investors and developers alike to make a significant return on their investment. Southport is really enjoying a new lease of life and with Birkdale Golf course just over 1 mile away this property provides a great opportunity for a buyer to take advantage of next year’s golf tournament. At OC Developments we pride ourselves on the quality and finish of our developments and would invite you to view the scheme and see for yourselves”.
For further details or to arrange a viewing contact Sue Norton or Nigel Walton at local agent John Fitton on 01704 500 345.
