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.
Property Information
Whilst we endeavour to ensure our property particulars are accurate and up to date, they are intended as a guide only and do not constitute or form part of any offer or contract. All descriptions, photographs, measurements and floor plans are provided for guidance only. Floor plans are not to scale and their accuracy is not guaranteed.
We have not tested any services, systems or appliances and are therefore unable to verify their condition or suitability. Prospective purchasers should satisfy themselves as to the accuracy of the information provided through their own inspections and enquiries.
Anti-Money Laundering (AML) Checks
To comply with Anti-Money Laundering Regulations, we are required by law to carry out identity and source of funds checks on all purchasers.
We work with our trusted compliance partner, Coadjute, to carry out these checks. Once your offer has been accepted (subject to contract), they will contact you directly and provide a secure link to complete the required verification online. Coadjute charges a non-refundable verification fee of £45.00 plus VAT (£54.00 including VAT) per purchaser, payable directly to them. These checks must be completed before we are able to issue the Memorandum of Sale.
Stamp Duty Calculator
• This calculation assumes that the purchase of the property will NOT result in owning two or more properties.
Mortgage Calculator
The LTV (loan to value) of this mortgage is 90%.
Contact your local branch if you have any Mortgage enquiries.