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Auction Property Details

32 Balmoral Road, Fairfield, Liverpool, L6 8NF

Lot 40 - 13.09.2017

SOLD PRIOR

For sale by auction 13th September 2017

WHY BUY?
9 x bedroom HMO
Partially let at £19,240pa
Potential to add value
Strong rental area

DESCRIPTION
This is a large semi-detached house that has been configured to provide a fully licensed 9 bedroom HMO. The property is fully tenanted at present with an average rent of £62pppw, and getting a combined income of £370pw/£19,240pa, but the property has the potential to add value and increase rents with a scheme of works. Fully occupied in current condition the annual rent would be circa £29,000pa, but with a refurbishment that income could be increased to in excess of £35,000pa based on £75pppw. Ideal as a high yield investment. The property benefits from double glazing and central heating.

LOCATION
Midway on Balmoral Road and accessed directly from Prescot Road and leading onto Newsham Park. Plenty of shops, bars and amenities within walking distance. Liverpool City Centre, Royal Liverpool Hospital and all universities are within 2 miles.


ACCOMMODATION
Ground floor: Entrance hallway, 3 x bedrooms, bathroom/wc
First floor: 3 x bedrooms, shower room/wc 
Second floor: 3 x bedrooms, shower room/wc
Outside: Yard to rear, on-street parking to front

NB - This property can be purchased prior to auction and a deal with Lot 39 would be favourable to the vendor

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

31st October 2017 1.00pm

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

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