Victorian semi divided into five self-contained flats
Gross yield of 8.5% = £25,000 p.a. approx.
Separate detached brick built office in garden
Approximately three miles from Liverpool City centre
A substantial Victorian semi-detached property which is currently divided into five self-contained flats, each of which is tenanted and producing a total annual income of approximately £25,000, offering a gross yield of 8.5%. There are three x 1 bedroom flats and two x 2 bedroom flats. Four of the flats have independent gas central heating systems. The property is set in gardens to the front and rear, the rear being laid to lawn and also has a detached brick-built office which has a separate w.c.. This is an ideal purchase for the buy-to-let landlord who is looking to acquire the Freehold of a property. The EPC's on each flat range from C to D ratings. For approximate room sizes, please refer to the floorplans.
Five self-contained flats, £25,000 income p.a., 8.5% Gross Yield
Located directly in Newsham Park, vehicle access is gained via Denman Drive or Belmont Drive. Liverpool City Centre is approximately three miles away.
Flat 1 - A duplex flat located on the ground and lower ground floors of the building. Having accommodation comprising an entrance hall, separate w.c., open plan lounge/diner/fitted kitchen on the ground floor and a staircase leads down to the bedroom which also has an en-suite shower room. Gas central heating, double glazed windows.
Flat 2 - Located on the ground floor. Having accommodation comprising an entrance hall, open plan lounge/diner/fitted kitchen, large double bedroom and bathroom. Gas central heating system, double glazed windows.
Flat 3 - Located on the lower ground floor of the building, with access from the communal hallway and stairs leading down to the accommodation which comprises a spacious hallway with an understairs storage cupboard, a large open plan lounge/diner/fitted kitchen, large bedroom and a shower room. Double glazed windows.
Flat 4 - Occupying the entire first floor with accommodation comprising an entrance hall, large lounge/diner with open plan fitted kitchen to the front, two large double bedrooms, one with an en-suite shower room and principal bathroom. Gas central heating system.
Flat 5 - Top floor apartment (second floor) with accommodation comprising an entrance hall, kitchen, shower room, large lounge and two double bedrooms. Gas central heating system and double glazed windows.
Office/garden room - Having an office area with kitchen sink and a separate w.c. to the rear.
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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 £265,000. The LTV (loan to value) of this mortgage is 90%. Contact your local branch if you have any Mortgage enquiries.
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