Auction Property Details

92 Woodchurch Lane, Birkenhead, CH42 9PD

Lot 37 - 21.07.2015

AVAILABLE AT £131,000

FOR SALE BY PUBLIC AUCTION 21ST JULY 2015 AT LIVERPOOL TOWN HALL

92 WOODCHURCH LANE, PRENTON, CH42 9PD

INVESTMENT

WHY BUY?
5 x self contained flats
Current income £15,324pa
Long standing tenants
Potential to add value

DESCRIPTION
This is a large end terrace property that was converted to provide 4 x one bedroom flats and 1 x studio flat. Only one flat is currently vacant which is in need of refurbishment prior to letting. There is scope to add capital value with the refurbishment of the vacant flat and also increase the current rental income with minor work to some of the other flats. If the one bed flats were improved and rented for £400pcm and the studio to £350pcm then there is potential to take the total annual rental income to over £23,000pa. Two of the flats have their own private entrance while the other three share a communal entrance to the side of the property. Many of the tenants have been at the property for over 5yrs making this ideal for a long term investment with potential for low void periods.

LOCATION
Woodchurch Lane is accessed direct from Woodchurch Road in Prenton. Close to Sainsburys and numerous shops within walking distance. Birkenhead Town Centre is only 1.5 miles away and Liverpool City Centre is only 5 miles through the Queensway Tunnel.

ACCOMMODATION
Flat 1: Private front entrance - Ground floor: Bedroom, Bathroom, kitchen, living room
Flat 2: Side communal entrance - Ground floor: Kitchen, living room, bedroom, bathroom - same tenant over 9yrs
Flat 3: Private rear entrance - Ground floor: Bathroom, kitchen/living/bedroom - same tenant over 5yrs
Flat 4: Communal side entrance - Over first/second/third floor: kitchen, bathroom, living room, bedroom - needs refurbishment
Flat 5: Communal side entrance - first floor: kitchen, living room, bathroom, bedroom
Outside: On-street parking to the front, yard to rear

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.