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Auction Property Details

63 Kremlin Drive, Liverpool, L13 7BX

Lot 45 - 14.12.2016

SOLD £115,000

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

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.

Next
Auction

13th December 2017 1.00pm

Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW

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