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Lot 32 - Wednesday 13th December 2017126 Picton Road, Wavertree, Liverpool, Merseyside, L15 4LJ

SOLD AT £109,500

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For Sale by Auction 13th December 2017





WHY BUY?



Partially refurbished

Possible 7/8 bed HMO

Student rental area

Potential income excess of £35,000pa



DESCRIPTION

This is a 3 storey mid terrace property that was formerly retail with upper floor accommodation. The property has undergone partial refurbishment to convert into a 7/8 bedroom, 2 bathroom, HMO property aimed at the student market, but does still require a good level of finishing work prior to letting. Services were not checked by Venmores but it appears that a full rewire has been carried out including a hard wired fire alarm system. The property benefits from a basement, central heating, mostly double glazed, good sized bedrooms and 2 new shower rooms. Once finished the property would have the potential, subject to obtaining all the relevant consents, to be rented as 8 separate student letting rooms. If each room was charged at a weekly rate of £90.00 inclusive of bills then the overall gross income per annum would be £37,440pa.  



LOCATION

The property is on Picton Road in a mainly residential location. The area is popular amongst students who have a direct bus to Liverpool City Centre and all universities within a minutes walk. There are numerous shops, bars and restaurants within walking distance.  





ACCOMMODATION



Ground floor: Front room (possible communal living room), back room (possible kitchen), 2 x shower rooms

First floor: 4 x rooms

Second floor: 3 x rooms

Outside: Yard to rear

Stamp Duty Calculator

You will pay
£2,250
• 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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