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4 bedroom block of apartments for sale

Smithdown Road, Liverpool, Potential 15% Yield Investment

Withdrawn from Market £121,000

Property Description

Key features

  • Buy to Let Investment
  • Popular Residential Area
  • Popular Student Area
  • Two Apartments
  • Potential 10% Yield
  • 1 Bed and 3 Bed Apartments

Full description

Marshalls are delighted to offer this great investment opportunity. The property is situated on in the extremely popular student area of Smithdown road, a two minute walk to Asda, five minute walk to all the bars, pubs and social hub of the student area. With bus routes in to town running regularly in to the city centre and universities. Making this an ideal student property. This property is currently split in to two flats;163 Smithdown Road: Ground floor self contained apartment comprising of; Lounge/Kitchen, Bathroom and double bedroom. Recently renovated with new bathroom suite and kitchen.  163a Smithdown Road: Three bedroom duplex apartment comprising of; Lounge, Kitchen and bedroom on the 1st floor. Two double bedrooms and a bathroom on the 2nd floor. The property has been recently renovated with new bathroom and fitted kitchen as well as laminate flooring throughout. HOWEVER;The true potential in this property would be to convert the two flats in to one student HMO.You could then have 6 or 7 rooms to market depending on your choice of layout.This process would not incur great cost at all as all you would be doing would be bricking up one doorway and creating a gab in a partition wall. Following this, between the two flats, there is already all the fixtures, fittings and appliances in place for a communal kitchen and bathroom.In conjunction with this, you would have to comply with the relevant HMO regulations, which again, will not be at great expense.Finally, a re-decoration of the property and furnishing. This whole process would be an easy and quick one, without great expense. Then, going based on 5 double rooms and 1 single, you would be looking at generating in the region of £1900 per calendar month.If you were to keep the cost of the project, including purchase, below £150’000 which is very feasible, you would be looking at achieving a 15% yield.

Viewings are available now, call us on 0151 7331879 or email enquiries@marshall-property.co.uk
Marshalls are delighted to offer this great investment opportunity.The property is situated on in the extremely popular studentarea of Smithdown road, a two minute walk to Asda, five minute walk to all thebars, pubs and social hub of the student area. With bus routes in to townrunning regularly in to the city centre and universities. Making this an idealstudent property.This property is currently split in to two flats;163 Smithdown Road: Ground floor self contained apartment comprising of;Lounge/Kitchen, Bathroom and double bedroom. Recently renovated with newbathroom suite and kitchen. 163a Smithdown Road: Three bedroom duplex apartment comprising of; Lounge,Kitchen and bedroom on the 1st floor. Two double bedrooms and a bathroom on the2nd floor. The property has been recently renovated with new bathroom andfitted kitchen as well as laminate flooring throughout.HOWEVER;The true potential in this property would be to convert thetwo flats in to one student HMO.You could then have 6 or 7 rooms to market depending on yourchoice of layout.This process would not incur great cost at all as all youwould be doing would be bricking up one doorway and creating a gab in apartition wall.Following this, between the two flats, there is already allthe fixtures, fittings and appliances in place for a communal kitchen andbathroom.In conjunction with this, you would have to comply with therelevant HMO regulations, which again, will not be at great expense.Finally, a re-decoration of the property and furnishing.This whole process would be an easy and quick one, withoutgreat expense.Then, going based on 5 double rooms and 1 single, you wouldbe looking at generating in the region of £1900 per calendar month.If you were to keep the cost of the project, includingpurchase, below £150’000 which is very feasible, you would be looking atachieving a 15% yield.Marshalls are delighted to offer this great investment opportunity. The property is situated on in the extremely popular student area of Smithdown road, a two minute walk to Asda, five minute walk to all the bars, pubs and social hub of the student area. With bus routes in to town running regularly in to the city centre and universities. Making this an ideal student property. This property is currently split in to two flats;163 Smithdown Road: Ground floor self contained apartment comprising of; Lounge/Kitchen, Bathroom and double bedroom. Recently renovated with new bathroom suite and kitchen.  163a Smithdown Road: Three bedroom duplex apartment comprising of; Lounge, Kitchen and bedroom on the 1st floor. Two double bedrooms and a bathroom on the 2nd floor. The property has been recently renovated with new bathroom and fitted kitchen as well as laminate flooring throughout. HOWEVER;The true potential in this property would be to convert the two flats in to one student HMO.You could then have 6 or 7 rooms to market depending on your choice of layout.This process would not incur great cost at all as all you would be doing would be bricking up one doorway and creating a gab in a partition wall. Following this, between the two flats, there is already all the fixtures, fittings and appliances in place for a communal kitchen and bathroom.In conjunction with this, you would have to comply with the relevant HMO regulations, which again, will not be at great expense.Finally, a re-decoration of the property and furnishing. This whole process would be an easy and quick one, without great expense. Then, going based on 5 double rooms and 1 single, you would be looking at generating in the region of £1900 per calendar month.If you were to keep the cost of the project, including purchase, below £150’000 which is very feasible, you would be looking at achieving a 15% yield.


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Listing History

Added on Rightmove:
22 November 2016

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