Auction Property Details

4 Broughton Drive, Liverpool, L19 0PB

Lot 35 - 11.02.2015

AVAILABLE AT £190,000

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 11TH FEBRUARY 2015 - 4 BROUGHTON DRIVE, LIVERPOOL, L19 0PB

INVESTMENT

WHY BUY?
4 x self contained flats
Potential to add value
Sought after area
Currently producing £19,200pa

DESCRIPTION
This is a large double fronted semi-detached property that has been configured to provide 2 x one bedroom flats, 1 x studio flat and 1 x studio flat with additional separate bedroom. All of the flats are currently tenanted producing £400pcm each / £19,200pa in total. One flat is in need of refurbishment, but would be the biggest and best laid out upon completion as either a one or two bedroom flat, and should be able to produce an increased rent circa £500pcm - £600pcm rent. Once the refurbishment is completed, and if there are improvements made to the existing flats, then the total annual income should be circa £22,000pa. There are gas mains to the property and the ground floor flats benefit from central heating with the upper flats using electric storage heaters. The property is mostly double glazed. All flats have their own separate meters.

The property also has the potential to be configured back into a single dwelling or as a student HMO with 8-10 bedrooms, subject to the relevant consents. Should it be rented as a student HMO at £90 per room per week inclusive, based on 9 bedrooms, then the gross annual income could be in excess of £42,000pa. Number 8 Broughton Drive was sold at the beginning of 2014 for £159,000 in auction which was in need of an extensive refurbishment throughout the entire interior and exterior of the property.

LOCATION
Broughton Close is accessed directly off Aigburth Road. There are numerous amenities on Aigburth with good transport links to Liverpool City Centre which is about 5 miles away.

ACCOMMODATION
Flat 1: Ground floor - Kitchen, bathroom, living room/bedroom
Flat 2: Ground floor - Kitchen, bathroom, living room/bedroom - First floor - Separate bedroom
Flat 3: First floor - 3 large rooms - could be configured to provide large 1 bedroom flat or smaller 2 bedroom flat
Flat 4: Second floor - kitchen, living room, bathroom, bedroom
Outside: Yard to the front, yard to the rear, on-street parking to the front

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.