Auction Property Details

15 Croxteth Road, Liverpool, L8 3SE

Lot 31 - 01.10.2015

SOLD AT £450,000

FOR SALE BY PUBLIC AUCTION ON 1ST OCTOBER

15 CROXTETH ROAD, LIVERPOOL, L8 3SE

INVESTMENT

WHY BUY?
6 X SELF CONTAINED FLATS
CURRENT INCOME £42,600pa
CLOSE TO SEFTON PARK
FULLY OCCUPIED

DESCRIPTION
This is a large detached house that has been converted to provide 6 x self contained apartments that were all recently refurbished and are now fully let providing £3,550pcm/£42,600pa. Currently configured to provide 5 x two bedroom apartments and 1 x one bedroom apartment. There are 2 flats per floor all benefiting from double glazing, central heating, modern kitchens, partially furnished, communal off road parking to the front and shared gardens to the rear. There is potential to reconfigure some of the flats to add further bedrooms and increase the capital value and current rental income or to split the title and sell the apartments separately once vacant. Ideal as a long term investment or for resale purposes.

LOCATION
The property is within walking distance of both Princes and Sefton Parks, but still only 1.5 miles away from Liverpool City Centre and all universities. Numerous shops on nearby Lodge Lane and Smithdown Road as well as plenty of bars and restaurants 5 minutes away in the popular Lark Lane.

ACCOMMODATION
Apt 1 - Ground floor: Entrance hall, kitchen/dining room, 2 x double bedrooms, living room, second dining room/potential third bedroom
Apt 2 - Ground floor: Entrance hall, kitchen/dining room, bathroom, living room, 2 x double bedrooms
Apt 3 - First floor: Entrance hall, Kitchen, double bedroom 1, living/dining room, double bedroom 2, roof terrace
Apt 4 - First floor: Entrance hall, Living room, shower room, kitchen/dining room, 2 x double bedrooms
Office space - Lower second floor - currently used for storage
Apt 5 - Second floor: Entrance hall, Living room, kitchen/dining room, bathroom, double bedroom
Apt 6 - Second floor: Entrance hall, living room, shower room, kitchen/dining room, 2 x double bedrooms
Outside: Off-road parking to the front, communal gardens to the rear

Tenancy schedule - please check tenancies in legal pack for contract lengths
Apt 1: £650pcm/£7800pa
Apt 2: £600pcm/£7200pa
Apt 3: £600pcm/£7200pa
Apt 4: £550pcm/£6600pa
Apt 5: £500pcm/£6000pa
Apt 6: £650pcm/£7800pa

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.