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6 bedroom semi-detached house for sale

Howard Drive, Liverpool

Guide Price* £300,000

Property Description

Key features

  • Auction date: 26th & 27th February 2020
  • Substantial semi detached property
  • Comprising three self contained flats
  • Fully tenanted - ideal investment opportunity
  • Gross income of 21,900 per annum
  • Good condition throughout
  • Approximately 83 Sq. M (893 Sq. Ft)
  • Excellent location in L19
  • Freehold

Full description

•For Sale By Online Auction – 26th & 27th February 2020
•Guide Price: £300,000+
•Substantial semi detached comprising three self contained flats
•Fully let: £21,900 pa gross rental income
•Freehold

The property is a substantial Victorian semi detached house which has been converted into three self-contained flats with spacious accommodation arranged over the ground, first and second floors. The property benefits from a communal utility/storage area, driveway parking and a private garden.

Howard Drive is situated in the highly desirable South Liverpool suburb of Cressington and is popular with commuters being located off the city bound carriageway (A561 Aigburth Road). There are a wealth of amenities available locally.

Each flat is well presented and neutrally decorated throughout with a modern fitted kitchen, spacious living room, two bedrooms and a shower room. The ground floor flat benefits from direct access to the garden via French doors from the bedroom.

Services - We understand the property to have mains electricity, water and drainage.

Investment Analysis - Each flat is let with an income as displayed below:

Flat 1 - £625 pcm
Flat 2 - £600 pcm
Flat 3 - £600 pcm

This provides a combined rental income of £1,825 pcm (£21,900 pa) and represents a gross annual yield of 7.3% based on the guide price.

Tenure - Freehold

A portion of the rear garden is owned by the national rail and is leased back to the property for an annual fee of £189.80.

Accommodation - Flat 1 – Approximately 55 Sq. M (592 Sq. Ft)
Flat 2 – Approximately 59 Sq. M (635 Sq. Ft)
Flat 3 – Approximately 43 Sq. M (462 Sq. Ft)

Measurements taken from EPC

Council Tax - Each flat is rated in Council Tax Band A. Council Tax payable (2019/20) is approximately £1,299.92.

Guide Price - £300,000+

Buyers Premium - 2% (min. £3,600) inc. VAT

Sell Your Property - If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
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More information from this agent

Listing History

Added on Rightmove:
31 January 2020

Nearest stations

  • Cressington (0.1 mi)
  • Aigburth (0.7 mi)
  • West Allerton (0.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 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

  • Cressington (0.1 mi)
  • Aigburth (0.7 mi)
  • West Allerton (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 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 29442198. 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 John Pye Property, Nottingham . 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 John Pye Property, Nottingham on 0115 970 6060.


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