Auction Property Details

126 Picton Road, Wavertree, Liverpool, L15 4LJ

Lot 24 - 01.10.2015

POSTPONED

FOR ALE BY PUBLIC AUCTION THURSDAY 1ST OCTOBER 2015 AT LIVERPOOL TOWN HALL

126 PICTON ROAD, LIVERPOOL, L15 4LJ

RESIDENTIAL

WHY BUY?
Partially refurbished
Possible 7/8 bed HMO
Student rental area
Potential income excess of £35,000pa

DESCRIPTION
This is a 3 storey mid terrace property that was formerly retail with upper floor accommodation. The property has undergone partial refurbishment to convert into a 7/8 bedroom, 2 bathroom, HMO property aimed at the student market, but does still require a good level of finishing work prior to letting. Services were not checked by Venmores but it appears that a full rewire has been carried out including a hard wired fire alarm system. The property benefits from a basement, central heating, mostly double glazed, good sized bedrooms and 2 new shower rooms. Once finished the property would have the potential, subject to obtaining all the relevant consents, to be rented as 8 separate student letting rooms. If each room was charged at a weekly rate of £90.00 inclusive of bills then the overall gross income per annum would be £37,440pa.

LOCATION
The property is on Picton Road in a mainly residential location. The area is popular amongst students who have a direct bus to Liverpool City Centre and all universities within a minutes walk. There are numerous shops, bars and restaurants within walking distance.

ACCOMMODATION
Ground floor: Front room (possible communal living room), back room (possible kitchen), 2 x shower rooms
First floor: 4 x rooms
Second floor: 3 x rooms
Outside: 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.