Auction Property Details

38 Woburn Hill, Liverpool, L13 6RL

Lot 55 - 28.05.2015

POSTPONED

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

38 WOBURN HILL, LIVERPOOL, L13 6RL

INVESTMENT

WHY BUY?
5 X self contained flats
Currently producing £16,578pa
Potential for increase in income
Quiet Street off Green Lane

DESCRIPTION
A substantial 3 storey semi detached property which has been converted to provide 5 x self contained flats. 1 x studio; 3 x one bedrooms and 1 x two bedroom. 4 of the flats are currently tenanted on AST's and the rental income generated is £16,578pa, but there is scope for improvements at the property and with that a potential increase in rent. Should the one bedroom flats be rented at £375pcm, the 2 bedroom flat at £425pcm and the studio at £325pcm, then the total annual income fully let would be £22,500pa. The ground floor flat benefits from gas central heating and a private rear garden, while the others benefit from mostly double glazing and electric storage heaters.

LOCATION
The property is located on a quiet street accessed directly from Green Lane and mid way between Tuebrook and Old Swan. There are numerous shops and amenities within walking distance with Liverpool City Centre only 4 miles away.

ACCOMMODATION
Flat 1 - Ground floor - 2 x bedrooms, kitchen, bathroom, private rear garden
Flat 2 - first floor - Living room/bedroom, kitchen, bathroom
Flat 3 - first floor - Venmores did not inspect this but have been told it contains bedroom, bathroom, living room, kitchen
Flat 4 - second floor - bedroom, kitchen, living room, bathroom
Flat 5 - Second floor - Living room, bedroom, kitchen, bathroom
Outside: Gardens to the rear, drive to the 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.