Picton Road, Wavertree, L15

£120,000 Offers Over

4 bedroom terraced house sold subject to contract

Key Features

  • 4 bedroom, 2 bathroom terraced house
  • No Chain - Ready to Buy
  • Great Opportunity to Add Value & Produce Huge Yield!
  • Refurbishment Works Required Throughout
  • Potential to Extend to Rear, Convert Loft & Utilise Basement
  • Popular Student/Sharers Area
  • Served by Excellent Transport Links
  • On Street Car Parking & Back Yard with Gated Access
  • Double Glazing, Gas Central Heating & Fire Alarm System
  • Close to Liverpool City Centre
  • Viewing Highly Recommended
Description

*** Investor Alert *** This property is in need of refurbishment but has the potential (and planning permission) for a 9 bedroom HMO

Situated in Wavertree, a popular and diverse south Liverpool suburb and home to many well-known landmarks including Penny Lane (made famous by the Beatles!), Smithdown Road and Wavertree Playground (known locally as ‘The Mystery’). Smithdown Road is a well established student quarter and offers a diverse selection of wine bars, restaurants, coffee shops, take aways, convenience stores and independent businesses. Wavertree is also home to many quality schools including Blue Coat, Liverpool’s only grammar school, and can be within the catchment area of Liverpool College and King David. The suburb also offers excellent road, rail and bus links to Liverpool city centre.

The property briefly compromises of; three reception rooms, kitchen and a bathroom. To the first floor are two bedrooms and a bathroom. To the second floor are two further bedrooms. Externally, there is a back yard with gated access.

The property also benefits from;

- Double glazing
- Gas central heating
- Planning permission to convert to a 9 bedroom HMO, application reference 15F/2195, more details and plans available on Liverpool city council's website
- Electric roller shutter and new shop front
- Fire alarm system
- Potential to extend further to rear, convert basement, convert loft

Please note that the property is classified as a residential property and has all the necessary residential permissions.

As an investment, the property is currently vacant but would attract student and/or young professional tenants at a rent of £75-90 (depending on room size and quality of renovation) per week for a double bedroom with no en-suite and £90-110 (depending on room size and quality of renovation) per week for a double bedroom with en-suite bathroom. The rent is on an all bills included basis (gas, electricity, water, internet and TV licence - students are exempt from paying council tax but you would have to pay it for young professionals). Atlas Estate Agents are able to find quality tenants from just £239 inc. VAT and also offer full management at a rate of 10% inc. VAT.

This opportunity will not be on the market for long so contact us today to arrange your viewing!
Further Details

Property Type: Terraced House (4 bedroom, 2 bathroom)
Tenure: Freehold
No. of Floors: 4
EPC Rating: E53
Local Authority: Liverpool City Council
Parking: On Street
Outside Space: Back Yard
Heating/Energy: Gas Central Heating, Double Glazing
Disclaimer

These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers/tenants and do not constitute an offer or part of a contract. Prospective purchasers/tenants ought to seek their own professional advice.

All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers/tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

All measurements are approximate.
Room Details

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Floor Plans

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Michael Le Brocq
Michael Le Brocq
Sales & Lettings Director
Marketed by our
Aigburth Branch
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