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Lot 39 - Wednesday 13th September 201730 Balmoral Road, Fairfield, Liverpool, Merseyside, L6 8NF

SOLD PRIOR

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For sale by auction 13th September 2017





WHY BUY?



7 x bedroom HMO

Fully let at £22,360pa

Potential to add value

Strong rental area



DESCRIPTION

This is a large semi-detached house that has been configured to provide a fully licensed 7 bedroom HMO. The property is fully tenanted at present with an average rent of £61pppw, and getting a combined income of £430pw/£22,360pa. After a scheme of works the property would have the ability to increase the rents and if getting £75pppw the potential income could be in excess of £27,000pa. 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

First floor: 2 x bedrooms, shower room/wc, bathroom/wc, office room

Second floor: 1 x bedroom, bathroom/wc, store room

Outside: Yard to rear, on-street parking to front



NB - This property can be purchased prior to auction and a deal with Lot 40 would be favourable to the vendor

Stamp Duty Calculator

You will pay
£3,000
• 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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