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Auction Property Details

174 Cranborne Road & 36 Cardigan Street, Liverpool, L15 2HZ

Lot 17 - 13.07.2017

SOLD PRIOR

For sale by auction 13th July 2017

WHY BUY?
2 x self-contained flats
Popular student rental area
Potential income in excess of £30,000pa
Separate titles so can split investment risk
Refurbished to high standard recently

DESCRIPTION
This large corner property has been split to provide 2 x self-contained flats. One is a ground floor 3 x bedroom flat and the other has 4 x bedrooms spread over first and second floors. Both flats are on separate titles but are included in the auction as a package. The whole property was refurbished only a few years ago to a high standard and will need only minor repair and decoration before re-letting. Each flat benefits from open plan living/kitchen area, bathroom, double bedrooms, central heating, double glazing, private front entrance and wifi throughout. Currently tenanted by 2 x groups of students but due to become vacant at the end of June. There is quite a high demand for 6-8 bed properties in the area so should you decide that a better option to rent very little would be required to convert it into a large 7 bed HMO, subject to receiving all the necessary consents. If let at £90pppw the potential income would be £32,760pa, regardless of configuration.

LOCATION
On the corner of Cranborne Road & Cardigan Street, with both flat entrances on Cranborne Road. The property is right in the heart of Wavertree which is the main student let area of Liverpool. There are numerous supermarkets, shops, bars, restaurants and other amenities within walking distance on nearby Picton, Lawrence and Smithdown Roads, with good public transport links into Liverpool City centre and all universities. 

ACCOMMODATION
174 Cranborne Road - First floor: 3 x double bedrooms, bathroom, kitchen/living room - Second floor: Large attic bedroom
36 Cardigan Street - Ground floor: 3 x double bedrooms, bathroom, kitchen/living room
Outside: Yard to rear accessed directly from Cardigan St flat; on-street parking to front

NB - The shop is not included in the sale

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.

Next
Auction

31st October 2017 1.00pm

Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW

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