Register Member Login

Auction Property Details

90 A Litherland Road, Bootle, L20 3HZ

This property is listed in the following auctions

Lot 40 - 13.12.2017

Guide Price £30,000 Plus*

For sale by auction 13th December 2017

WHY BUY
Thee/four Bedroom House
Development Opportunity
Huge Potential Yield
Potential To Add Value

DESCRIPTION
The property itself is a three/four bedroomed house in need of redevelopment throughout. One option for any new owner would simply be to renovate the current property and rent out once works are completed. The likely rent for the finished article would be around £650pcm, so there is the opportunity for a very attractive yield by means of refurbishment.
To the ground floor there is a commercial unit which is on offer separately in this auction. Pre-application advice has been sought via Sefton Council, application No DC/2017/00734 to convert and extend the property to provide nine self-contained apartments. Potential purchasers are free to make further enquiries to the council planning board. Plans are available for inspection in Venmores Office, Imperial Buildings, 9 Dale St, L2 2SH. If bought together, the property could offer 9 self-contained apartments perfect for resale or rental. The rental for flats in the area would be around £450pcm for a good standard one bed, so the potential annual income on the property if configured in this way would be around £48,600 – a truly staggering yield without the need to move mountains.
Other developments have been granted in the immediate vicinity on the Brownfield Site (approved for 8 self-contained apartments) and the Tannery Site awaiting approval for 146 apartments and 9 houses. The ongoing improvement of the area, coupled with the local Hugh Baird College expanding to incorporate university courses (leading to student movement to the area) mean that on top of the incredible yield, there is a good chance for improvement in property values across the area in the coming years.

LOCATION
Situated on Litherland Road in Bootle, located around 3.5 miles outside of the City Centre, the property is very well positioned for all local amenities such as The Strand Shopping Centre, Bootle New Strand & Bootle Oriel Road Train Stations, and the ASDA Superstore. Furthermore, regular buses to the City are abundant in the area, so investors truly would have a wide demographic of potential occupants available.

ACCOMODATION
Ground floor rear :- Two rooms.
First floor :- Four rooms
Second floor :- Two rooms
Outside :- Rear access and rear yard.

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

27th March 2018 1.00pm

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

Get In Touch

9 Dale Street, Imperial Buildings, Liverpool, L2 2SH

Opening Hours

Mon-Fri      9am - 5.30pm

Your estimated monthly repayments are

Terms Of Use