Auction Property Details

33 Gainsborough Road, Liverpool, L15 3HU

Lot 14 - 10.04.2014

SOLD £100,000

FOR SALE BY PUBLIC AUCTION 10TH APRIL 2014 AT LIVERPOOL TOWN HALL

33 GAINSBOROUGH ROAD, LIVERPOOL, L15 3HU

INVESTMENT

WHY BUY?
4/5 Bedrooms
popular student location
Double glazed
Central heating

DESCRIPTION
This is a large 4/5 bedroom mid terrace property in South Liverpool. The property has 4 good sized bedrooms to the first floor but benefits from 2 reception rooms to the ground floor. One of which could be utilised as a fifth bedroom to maximise rental potential. Similar properties command rents of £75 per room per week, and based on a 12 month student rental of 5 bedrooms at this rate, the property has the potential to achieve an annual income of £19,500. The property benefits from double glazing and central heating and after a small scheme of works would be ready for new tenants. Current rent passing is £550pcm with the tenant on a month by month periodic term at present. We have now been informed that the tenant has been served notice to evict for 2 months from the 14th March 2014.


LOCATION
The property is located on Gainsborough Road in the popular Wavertree area of South Liverpool. There are numerous shops, bars and restaurants within walking distance, with a large Asda and Aldi just a few minutes walk away. There are good bus links into Liverpool City centre which is just 4 miles away.

ACCOMMODATION
Ground floor: Hall, Reception 1, reception 2, kitchen, utility room, under stair storage
First floor: 4 x bedrooms, bathroom
Outside: Large yard to the 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.