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Lot 40 - Wednesday 13th September 201732 Balmoral Road, Fairfield, Liverpool, Merseyside, L6 8NF

SOLD PRIOR

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For sale by auction 13th September 2017





WHY BUY?



9 x bedroom HMO

Partially let at £19,240pa

Potential to add value

Strong rental area



DESCRIPTION

This is a large semi-detached house that has been configured to provide a fully licensed 9 bedroom HMO. The property is fully tenanted at present with an average rent of £62pppw, and getting a combined income of £370pw/£19,240pa, but the property has the potential to add value and increase rents with a scheme of works. Fully occupied in current condition the annual rent would be circa £29,000pa, but with a refurbishment that income could be increased to in excess of £35,000pa based on £75pppw. Ideal as a high yield investment. The property benefits from double glazing and central heating.



LOCATION

Midway on Balmoral Road and accessed directly from Prescot Road and leading onto Newsham Park. Plenty of shops, bars and amenities within walking distance. Liverpool City Centre, Royal Liverpool Hospital and all universities are within 2 miles.







ACCOMMODATION



Ground floor: Entrance hallway, 3 x bedrooms, bathroom/wc

First floor: 3 x bedrooms, shower room/wc 

Second floor: 3 x bedrooms, shower room/wc

Outside: Yard to rear, on-street parking to front



NB - This property can be purchased prior to auction and a deal with Lot 39 would be favourable to the vendor

Stamp Duty Calculator

You will pay
£3,750
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

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