WHY BUY?Potential 6/7 bed HMORequires refurbishmentGood rental locationScope to add valueDESCRIPTIONThis is a large mid terrace house that has the potential to be converted to provide a 6/7 bedroom HMO subject to receiving all the necessary planning and building consents. The property requires refurbishment throughout and in its current condition is unmortgageable so would require a cash purchase, but has the scope to add considerable capital value once finished. If rented as a 6 bedroom HMO at a rate of £90 per room per week inclusive then the potential gross annual income is in excess of £28,000.LOCATIONThe property is located just off Stanley Road and only a few minutes walk to Hugh Baird College, Oriel Road and Kirkdale Road Rail Stations. Liverpool City Centre is only 2.5 miles away.
ACCOMMODATION
Ground floor: Entrance hall, front reception, rear reception, dining room, kitchenFirst floor: 3 x bedrooms, bathroomSecond floor: 2 x roomsOutside: Yard to rear, on-street parking to front
WHY BUY?
Potential 6/7 bed HMORequires refurbishmentGood rental locationScope to add valueDESCRIPTIONThis is a large mid terrace house that has the potential to be converted to provide a 6/7 bedroom HMO subject to receiving all the necessary planning and building consents. The property requires refurbishment throughout and in its current condition is unmortgageable so would require a cash purchase, but has the scope to add considerable capital value once finished. If rented as a 6 bedroom HMO at a rate of £90 per room per week inclusive then the potential gross annual income is in excess of £28,000.LOCATIONThe property is located just off Stanley Road and only a few minutes walk to Hugh Baird College, Oriel Road and Kirkdale Road Rail Stations. Liverpool City Centre is only 2.5 miles away.
ACCOMMODATION
Ground floor: Entrance hall, front reception, rear reception, dining room, kitchenFirst floor: 3 x bedrooms, bathroomSecond floor: 2 x roomsOutside: Yard to rear, on-street parking to front