Hartington Road, Wavertree, Liverpool
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
4
- SIZE
1,582 sq ft
147 sq m
Key features
- x4 Unit Block with Planning for an 8 bed 8 bath HMO
- Potential Gross income c. £61,200 +
- Prime Student Location (Off Smithdown)
- Rear extension & Loft conversion required
- Value-Add Opportunity
Description
The property is vacant & is currently configured as 4 studio apartments - the current plans involve a single storey rear extension on the GF and a loft conversion dormer to create 8 Bedrooms with 8 en-suites.
Located on Hartington Road, the property is situated within Liverpools most popular student area off Smithdown Road, where properties achieve the strongest rents and highest demand. If done to a high-spec, its likely the rooms will achieve between £150-£155pppw, providing a total gross annual rent of c. £61,200.
With there being high demand for premium en-suite spaces, an 8 bed will typically have less competition and subsequently, with the right marketing, should rent well. It also allows prospective investors to scale quicker - adding 8 bedrooms with one transaction.
1%+VAT Buyers fee is applicable, due upon completion
The property is leasehold (with 107 years remaining). The freehold can be purchased - Liverpool City Council are the freeholder and normally charge between £2-£3k. Buyers will need to make their own enquiries into this.
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Hartington Road, Wavertree, Liverpool
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