LPS Real Estate has a modern 5 bedroom HMO for sale on Picton Road in Wavertree Liverpool (L15). It has a potential yield of over 10% if fully occupied with a potential annual income of £19,500. Currently let to four tenants by way of AST receiving £15,000 PA . It is fully HMO compliant.
The spacious 3 storey property was recently renovated and is being offered fully furnished. On the ground floor is a living area and a fully fitted kitchen. To the first floor there are 3 good sized double bedrooms and the second floor has two further bedrooms and a bathroom. It has double glazing and central heating throughout.
This is in an ideal location. Liverpool itself is a hot spot for investors. The market is booming and it boasts some of the highest rental yields in the UK. Year on year there is a 19% rise in tenant demand - and the population is set to increase by 12% by 2024. Wavertee is a popular area in South Liverpool, attracting a variety of residents from students to young professionals. It is less than 2 miles from the main University buildings and the Hospital and just over 2 miles from the City Centre. This property is on Picton Road, which is on the main commuter route to the City Centre. There are plenty of amenities within the immediate vicinity including cafes, shops and bars. Wavertree Technology Park - a hub for creative industries and corporates - is within walking distance. Other nearby facilities include Liverpool Shopping Park with retailers including M&S Food and H&M. It's also close to Wavertree Leisure Centre which has an Olympic Swimming Pool and the bustling Allerton Road is just a short distance away. The main motorway leading towards Warrington, Manchester and beyond is easy to access.
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