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5 bedroom semi-detached house for sale

63 Kremlin Drive, Liverpool - For Sale by Auction 14th December 2016

Sold STC £80,000

Property Description

Full description

INVESTMENT

WHY BUY?
4 x self contained flats
Scope to add capital value
Good rental location
Potential £19,620pa income

DESCRIPTION
This is a large semi-detached house that has been converted to provide 4 x self contained flats. The property benefits from central heating to each flat and partial double glazing. There are 3 x one bedroom and 1 x two bedroom flats spread over 3 floors and attic. The Vendor informs us that three of the flats are currently tenanted on AST's at approximately £93.00 each per week.

There is a lot of potential to add value to the property with each of the flats in need of varying levels of refurbishment, but once a scheme of works have been completed, and if the one bed flats rented at £395pcm and the two bed at £450pcm, then the total annual income could be just under £20,000pa. The property would be ideal to retain as a long term investment or would have the potential to split the flats on leaseholds and sell individually on the investment market.

LOCATION
The property is accessed from Queens Drive mid way between Tuebrook, Old Swan and West Derby. There are numerous shops, bars and restaurants on nearby West Derby Road. Liverpool City Centre is only 4 miles away with regular public transport links close by.

ACCOMMODATION
Flat one - Ground floor - entrance hall, front reception, 2 x bedrooms, kitchen, bathroom
Flat two - first floor - living room, bedroom, kitchen, bathroom
Flat three - first/second floor - entrance hall, kitchen, bathroom, living room with stairs to bedroom
flat four - entrance hall, living room, kitchen, bedroom, bathroom

More information from this agent

Listing History

Added on Rightmove:
15 November 2016

Nearest stations

  • Wavertree Technology Park (1.3 mi)
  • Broad Green (1.6 mi)
  • Edge Hill (1.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Venmore, Auction Department

9 Dale Street Liverpool L2 2SH

0151 954 0351 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wavertree Technology Park (1.3 mi)
  • Broad Green (1.6 mi)
  • Edge Hill (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Venmore, Auction Department

9 Dale Street Liverpool L2 2SH

0151 954 0351 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7345885. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Venmore, Auction Department. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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