On entrance to the property you are greeted by a beautiful, bright and spacious entrance hall which leads to the first living area. The house comprises in brief a 3 large bedrooms with 2 reception rooms. The property is neutral in decoration reflecting the contemporary styling throughout. Fully refurbished to a very high standard prior to the commencement of the tenancy in September 2017.
This inviting property offers wonderful high ceilings, an attractive feature fireplace and is awash with an abundance of natural light courtesy of a walk in bay window on ground and first floors. Furthermore, there is a secondary reception room providing a charming formal dining room and an ideal setting for entertaining and family meal time.
Additionally, there is a generously sized fitted kitchen featuring a range of wall and base units, smart ceramic tiled flooring and plentiful work surface space. To the first floor, there are three well proportioned double bedrooms each with wood style laminate flooring throughout and receiving plenty of natural light.
The Property is a set investment with a current 6% yield on the asking price. The Property has plenty of scope for expansion to a HMO (with a number of similar properties on the street already benefiting from such conversion) via a loft conversion, or extension to a large rear yard. With the right permissions an investor could make the appropriate changes to 5/6 bedrooms and rented individually on a HMO basis could bring in circa £28k based on £90pppw. With a £30k spend on HMO works this would result in a 17.5% yield. As such this property not only represents a sitting investment but huge future potential in a lucrative rental part of Liverpool.
LPS is an award winning independent multi-branch property service company with offices in the heart of Liverpool City Centre and South Liverpool. We deal with all aspects of property management and sales throughout Liverpool, Merseyside and the surrounding areas. We are OFT approved and regulated by the Property Ombudsman for commercial and residential sales and lettings. We are a team of qualified professionals, headed up by a Commercial Property Solicitor. LPS is a UKALA registered agent and also SAFE AGENT approved.
It is our ability to listen to people's needs that enables us to provide the right answers. By building a relationship with each and every client, we develop a clear understanding of their requirements and maintain a position of trust, essential when entering into a sale. Make the Best Move and call LPS Real Estate today.