5 bedroom House -Prescot Road, Fairfield, Merseyside, L7 0LB
Offers in excess of £465,000
Tenure: Freehold
Rare Investment Opportunity – Fully Let Mixed-Use Property | L7 Postcode | Development Opportunity for Two 5-6 Bedroom HMOs (Subject to Planning)
Prescot Road offers immense potential to develop into two 5-6 bedroom HMOs (as seen in annotated photo). The rental yields on a property of this size in L7 average £40,000pa each, offering an incredible return on the initial investment.
This freehold property currently consists of two adjoining buildings, split into:
Five 1-bedroom flats, all currently tenanted
One commercial unit (previously a Post Office, now split and let to a single tenant operating a barbershop and recording studio)
Current Total Annual Income: Approx. £39,000pa
(current rental values are below market rate).
The Freehold of the building as a whole is included, and all lease information for the apartments are readily available (999 years from inception).
Prescot Road sits in an excellent location for strong rental demand, with great transport links via bus and easy access to three major Liverpool Hospitals as well as an Asda supermarket and Liverpool Shopping Centre.
Stamp Duty Calculator
• This calculation assumes that the purchase of the property will NOT result in owning two or more properties.
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The LTV (loan to value) of this mortgage is 90%.
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