LPS has a two bedroom apartment for sale on Laurel Road in the popular Kensington / Fairfield area of L7. An ideal investment property with a potential gross yield of circa 6.74%.
The apartment is situated on the second and first floor of the building. It has a lovely open plan living / dining / kitchen area which is bright and airy thanks to the two large sash windows. The contemporary kitchen is spacious and has plenty of preparation space. The two bedrooms are a very good size and the larger of the rooms has a few steps leading down to it, giving it a duplex feel. The bathroom is stylish and has a three piece with a shower bath. There is double glazing and gas central heating throughout and the EPC Rating is C. It is in fantastic condition and a few works are being carried out to further improve it! The communal areas of the property are well maintained and there is a communal garden to the front of the property. Parking is available on the street outside.
Laurel Road is situated in a very convenient location. There is a direct route into the Knowledge Quarter, the University and the City Centre via Edge Lane which only takes 15 minutes! The M62 Motorway is 5 minutes down the road, leading towards Manchester and other neighboring towns. Liverpool Innovation Park is a few minutes away and Wavertree Technology Park and the train station are just a mile away. There are also plenty of amenities within the area, including Liverpool Shopping Park which is home to the likes of M&S Food, Boots, Costa, Hollywood Bowl and a number of restaurants.
This is ideal for first time buyers or for those looking for an investment. The apartment was previously tenanted at £600PCM but we estimate that in the current market it would attract a rental income of £675, providing a potential gross yield of 6.4%. Best of all, it is vacant with no chain!
Please get in touch if you would like to view this lovely apartment.
Property Costs and Additional Information:
Lease: 235 yeas
Ground Rent: £100 per year (due in May)
Service Charge: Currently £39.32
Council Tax Band: A
EPC Rating: C
*** By purchasing this property, you will be supporting local charity An Hour for Others. We donate 1% of our commission to the charity every time we rent or sell a property.
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