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This three-bedroom, end terrace property presents a prime investment opportunity. Offered at auction, it requires a full renovation to modernise but has the potential to generate a highly lucrative yield. Once works are complete, this property would perform well on the private rental market with similar properties in the area fetching circa £1,350 pcm if maintained as a three- bedroom home. This impressive corner plot, offers rare potential for a broader development of a substantial side or rear extension. There is also the option of an additional or completely different dwelling, subject to relevant consents, which could potentially deliver a higher yield.
ACCOMMODATION
Ground Floor - rear kitchen, dining room, large living room
First Floor - generous master bedroom, 2 additional bedrooms, family bathroom
Outside - Extensive rear garden, large side garden, separate driveway at the front
LOCATION
Located in the heart of Waddicar, a quiet, desirable village in Melling, which offers a unique mix of rural charm with the convenience needed for busy, modern lifestyles. This property sits on the village' s namesake, Waddicar Lane. Melling is known for being a peaceful village with a rural feel and a close-knit community, it is neighbour to Maghull and Aintree. Melling offers great transport l inks of M57 and M58 motorways. Kirkby train station is within walking distance and there are regular bus routes that run through the village. The property is close to local amenities including; local shops, a post office and a traditional pub, The Horse and Jockey as well as scenic walking routes along the Leeds & Liverpool Canal. The area is popular and highly sought after, with interest ever growing as more people are in search a safe area with a strong community to raise a family. A great factor in this is that the area offers excellent school l inks, with Melling Primary School located a short walk from the property and others just a short drive away.
TENURE: Freehold
COUNCIL TAX BAND: C
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 £3000 + VAT, payable alongside the 10% deposit. 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.