•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
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.
We understand the property to have mains electricity, water and drainage.
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.
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.
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
Each flat is rated in Council Tax Band A. Council Tax payable (2019/20) is approximately £1,299.92.
2% (min. £3,600) inc. VAT
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion