Auction Property Details

8 Ellel Grove, Liverpool, L6 4AB

Lot 31 - 28.05.2015

Available £80,000

FOR SALE BY PUBLIC AUCTION THURSDAY 28TH MAY 2015 AT LIVERPOOL TOWN HALL

8 ELLEL GROVE, LIVERPOOL, L6 4AB

INVESTMENT OPPORTUNITY

WHY BUY?
3 x 1 Bedroom self-contained flats
Potential income £14,400pa
Good condition throughout
Estimated gross yield - 19%

DESCRIPTION
This is a three storey mid terrace property comprising of 3 x one bedroom self-contained flats in need of some minor repair and decoration prior to letting. The flats are vacant but have the potential if rented for £400pcm per flat to be achieving £14,400pa gross income, and if purchased at £75,000 the property has the potential to achieve a rental gross yield return of 19% fully let. Each flat benefits from separate lounge and kitchens, mostly double glazed and electric storage heaters.

LOCATION
Ellel Grove runs directly off Rocky Lane in Tuebrook which is a popular residential area approximately 2.5 miles from the city centre. There are numerous shops and amenities on close by West Derby Road.

ACCOMMODATION
Ground Floor Flat 1 - Lounge, kitchen, bedroom, bathroom
First Floor Flat 2 - Lounge, kitchen, bedroom, bathroom
Second Floor Flat 3 - Lounge, kitchen, bedroom, bathroom
Outside: Yard to rear, on-street parking to front

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.