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Lot 45 - Wednesday 14th December 201663 Kremlin Drive, Liverpool, Merseyside, L13 7BX

SOLD £115,000

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INVESTMENT





WHY BUY?



4 x self contained flats

Scope to add capital value

Good rental location

Potential £19,620pa income



DESCRIPTION

This is a large semi-detached house that has been converted to provide 4 x self contained flats. The property benefits from central heating to each flat and partial double glazing. There are 3 x one bedroom and 1 x two bedroom flats spread over 3 floors and attic. The Vendor informs us that three of the flats are currently tenanted on AST's at approximately £93.00 each per week.



There is a lot of potential to add value to the property with each of the flats in need of varying levels of refurbishment, but once a scheme of works have been completed, and if the one bed flats rented at £395pcm and the two bed at £450pcm, then the total annual income could be just under £20,000pa. The property would be ideal to retain as a long term investment or would have the potential to split the flats on leaseholds and sell individually on the investment market.



LOCATION

The property is accessed from Queens Drive mid way between Tuebrook, Old Swan and West Derby. There are numerous shops, bars and restaurants on nearby West Derby Road. Liverpool City Centre is only 4 miles away with regular public transport links close by.





ACCOMMODATION



Flat one - Ground floor - entrance hall, front reception, 2 x bedrooms, kitchen, bathroom

Flat two - first floor - living room, bedroom, kitchen, bathroom

Flat three - first/second floor - entrance hall, kitchen, bathroom, living room with stairs to bedroom

flat four - entrance hall, living room, kitchen, bedroom, bathroom

Stamp Duty Calculator

You will pay
£2,400
• 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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