Lot 36 - Wednesday 12th December 2018 -15 Lilley Road, Liverpool, Liverpool, Merseyside, L7 0LP
SOLD £280,000
For Sale by Auction 12th December 2018WHY BUY?8 x Self-contained flatsCurrently achieving £30,720paPotential to add rental/capital valueFull external insulation 2015Double glazingDESCRIPTIONThis is a large semi-detached house that has been configured to provide 8 x self-contained flats. There are 4 x one bedroom units and 4 x studio units. Rents range from £290pcm to £350pcm and the total income is currently £30,720pa. The flats are in reasonable condition throughout, but are prime for a scheme of updating and redecoration, which would immediately add value to the property. If the flats were all modernised to a good standard then rental potential for the studio flats would increase to £350pcm/£400pcm with rental potential for the one bedroom flats at £400pcm/£450pcm to total income could be £36,000pa-£40,800pa The property had external insulation fitted in 2015 and also benefits from double glazing, central heating and parking to the front. Ideal as a long term rental investment with high yield returns. LOCATIONAccessed directly from Prescot Road in Kensington and only a short walk to Kensington High Street shops, bars and amenities. Liverpool Royal Hospital and universities are only 1.5 miles away. There are regular buses from Prescot Road to and from Liverpool City Centre.
ACCOMMODATION
Flat 1 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £320pcmFlat 2 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £320pcmFlat 3 - Accessed at rear of building - open plan living/kitchen, separate bedroom, separate bathroom - Rent £320pcmFlat 4 - Duplex over 2 floors - First floor - Separate living room, separate kitchen / Second floor - Bedroom, bathroom - Rent £350pcmFlat 5 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £290pcmFlat 6 - Separate kitchen, separate bathroom, separate living room, separate bedroom - Rent £350pcmFlat 7 - Separate kitchen, separate bathroom, separate living room, separate bedroom - Rent £320pcmFlat 8 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £320pcmOutside: Large yard to rear, off-street parking to front
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
For Sale by Auction 12th December 2018
WHY BUY?
8 x Self-contained flatsCurrently achieving £30,720paPotential to add rental/capital valueFull external insulation 2015Double glazingDESCRIPTIONThis is a large semi-detached house that has been configured to provide 8 x self-contained flats. There are 4 x one bedroom units and 4 x studio units. Rents range from £290pcm to £350pcm and the total income is currently £30,720pa. The flats are in reasonable condition throughout, but are prime for a scheme of updating and redecoration, which would immediately add value to the property. If the flats were all modernised to a good standard then rental potential for the studio flats would increase to £350pcm/£400pcm with rental potential for the one bedroom flats at £400pcm/£450pcm to total income could be £36,000pa-£40,800pa The property had external insulation fitted in 2015 and also benefits from double glazing, central heating and parking to the front. Ideal as a long term rental investment with high yield returns. LOCATIONAccessed directly from Prescot Road in Kensington and only a short walk to Kensington High Street shops, bars and amenities. Liverpool Royal Hospital and universities are only 1.5 miles away. There are regular buses from Prescot Road to and from Liverpool City Centre.
ACCOMMODATION
Flat 1 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £320pcmFlat 2 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £320pcmFlat 3 - Accessed at rear of building - open plan living/kitchen, separate bedroom, separate bathroom - Rent £320pcmFlat 4 - Duplex over 2 floors - First floor - Separate living room, separate kitchen / Second floor - Bedroom, bathroom - Rent £350pcmFlat 5 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £290pcmFlat 6 - Separate kitchen, separate bathroom, separate living room, separate bedroom - Rent £350pcmFlat 7 - Separate kitchen, separate bathroom, separate living room, separate bedroom - Rent £320pcmFlat 8 - Separate kitchen, separate bathroom, large living room with partition bedroom - Rent £320pcmOutside: Large yard to rear, off-street parking to front
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.