Auction Property Details

27 Rawlins Street, Liverpool, L7 0JE

Lot 63 - 28.05.2015

SOLD LATER

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

27 RAWLINS STREET, LIVERPOOL, L7 0JE

INVESTMENT

WHY BUY?
3 x self contained flats
Potential to increase income
Gas central heating
Good location

DESCRIPTION
A 3 storey semi-detached property which has been converted to provide 3 x self contained flats and a basement storage room. There are 2 x one bedroom flats and 1 x two bedroom flat. Each flat benefits from gas-fired central heating. Two of the flats are let on Assured Shorthold Tenancies with the basement room also rented at £50pcm, giving a current rental income of £8400pa. If some improvements are made at the property the rental income has the potential to be increased. Should you secure lets on the one bedroom flats at £375pcm and £425pcm on the 2 bedroom flat, then together with the basement storage room the potential annual income would be £14,700pa, giving a possible gross yield of 18% if purchased at £80,000.

LOCATION
The property is situated off Prescot Road within close proximity to all local amenities and approximately 3 miles from Liverpool City Centre.

ACCOMMODATION
GROUND FLOOR: Main Entrance Hall, Cellar (2 rooms)
FLAT 1: Living room, Bedroom, Kitchen, Bathroom
FLAT 2: Living room, Kitchen, 2 Bedrooms, Bathroom
FLAT 3: Living room, Bedroom, Kitchen, Shower room
OUTSIDE: Driveway

NB - Venmores only conducted an internal inspection of flat 3 and all other information supplied by the management agent

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.