8 bedroom semi-detached house for sale

16 Wellington Road, Prenton

Guide Price* £375,000

Property Description

Full description

For Sale by Auction 11th July 2018

WHY BUY?
4 x self-contained flats
Potential to add capital/rental value
Already split on separate leaseholds
Potential income circa £30,000pa

DESCRIPTION
This is a large semi-detached property that has been configured to provide 5 x self-contained flats on separate leaseholds. There are 3 x two bedroom flats, 1 x one bedroom flat and 1 x studio flat. The studio flat has been sold off on long leasehold and this sale is for the other four self-contained flats. The flats are all let by way of assured shorthold tenancies with the tenants all in situ for over 15 years. The current rental income is £19,800pa but the rents haven’t been increased for over 10yrs and there is potential for immediate increase in rents in their current conditions.

There is also potential to refurbish the flats and increase the rents accordingly and should the two bedroom units be let at £650pcm and the one bedroom unit at £500pcm the total potential income would rise to just under £30,000. The flats have already been legally separated onto individual leasehold agreements and therefore there is potential to purchase as a whole, refurbish and then re-sell individually on the open market at a profit.

LOCATION
The property is situated only a few minutes walk to numerous shops, bars and restaurants of Oxton Village and only 1.5 miles away from Birkenhead Town Centre.

ACCOMMODATION
Flat 1: Ground floor – Grand entrance hall, kitchen/diner, living room, bathroom, bedroom – First floor - Bedroom
Flat 2: First floor – Bedroom, kitchen, bathroom, bedroom 2, living room
Flat 3: Second floor – Bedroom – Third floor – bathroom, kitchen, living room, bedroom
Flat 5: Basement – bedroom, bathroom, living room, kitchen 
Outside: Large driveway & parking to the front, Large communal garden to the rear
NB: Venmores have not carried out an internal inspection of Flat 5

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + VAT, payable on the fall of the hammer.  The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
 
 


More information from this agent

Listing History

Added on Rightmove:
13 June 2018

Nearest stations

  • Birkenhead Park (1.1 mi)
  • Upton (1.3 mi)
  • Birkenhead Central (1.4 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?

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Nearest stations

  • Birkenhead Park (1.1 mi)
  • Upton (1.3 mi)
  • Birkenhead Central (1.4 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 8877281. 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Venmore, Auction Department on 0151 236 6746.


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