Currently being used as a four bedroom student let
Fantastic investment opportunity
Popular residential location
Viewing is highly advised
An opportunity to purchase a three bedroom mid terrace house in the ever popular L15, Wavertree. Currently the property is being utilised as a four bedroom student residential let and is commanding a rental return of £80 per room, per week for the academic year which equates to a gross return of £14,080 with bills included, furthermore, the summer period is covered by a further £1,600. In total the full return would be £15,680 which would equate to a return of over 12%. The accommodation briefly comprises on the ground floor of an entrance hall, living room, dining room currently being used as bedroom four, kitchen, to the first floor, there are two bedrooms, bathroom, a study which offers access to the loft space which is where the third bedroom is located. There are currently no building regulations in place for the loft space but quotes for the work based on the planning departments regulations are available. The cost of this work has been considered in the asking price. Externally, the property has a rear yard. This offers a great opportunity for someone looking for a good rental return. NO CHAIN.
Great investment opportunity.
This property is situated centrally within Wavertree and has excellent transport links into the city centre and to nearby connecting motorways. Located not far from Smithdown Road and its many local amenities such as super markets, restaurants, shops and bars.
Entrance Hall - Double glazed front door, hardwood laminate flooring, radiator and stairs rising to the first floor with under stairs storage.
Living Room - (14' 6'' x 11' 4'' (4.42m x 3.45m)) - Double glazed bay window to the front elevation, hardwood laminate flooring, radiator and a television point.
Dining Room/Bedroom Four - (12' 4'' x 10' 0'' (3.76m x 3.05m)) - Double glazed window to the rear elevation and radiator.
Kitchen - (9' 0'' x 7' 4'' (2.74m x 2.23m)) - A range of wall, drawer and base units with complimentary work surfaces over, single drainer stainless steel sink fitted oven and four ring integrated gas hob, tiled splashback, tiled flooring, boiler, double glazed window to the rear elevation and double glazed door to the rear yard.
First Floor Landing - Stairs rising from the entrance hall.
Bedroom One - (12' 8'' x 11' 5'' (3.86m x 3.48m)) - Double glazed window to the front elevation, built in wardrobes and radiator.
Bedroom Two - (12' 1'' x 11' 3'' (3.68m x 3.43m)) - Double glazed window to the rear elevation, wardrobe and radiator.
Study - Double glazed window to the front elevation, built in wardrobe and stairs to the second floor.
Bedroom Three - (16' 3'' x 12' 3'' (4.95m x 3.73m)) - Double glazed window to the rear elevation and eaves storage.
Family Bathroom - (8' 4'' x 6' 3'' (2.54m x 1.90m)) - A four piece suite comprising of a panelled bath, shower cubicle with an electric shower, low flush WC, wash hand basin with mixer tap, partially tiled walls, loft access and a double glazed opaque window to the rear elevation.
Rear Yard - Enclosed yard with gate to rear access.
Stamp Duty Calculator
You will pay
• If you're a first-time-buyer in England, Wales or Northern Ireland, you will pay no Stamp Duty on properties worth up to £300,000 • This calculation assumes that the purchase of the property will NOT result in owning two or more properties.
The total mortgage is £112,000. The LTV (loan to value) of this mortgage is 90%. Contact your local branch if you have any Mortgage enquiries.
Interested in any of the above properties? Call us on 0151 625 8844