5 bedroom House of Multiple Occupation in Liverpool
165 Rice Lane, Liverpool, L9 1AF
- Lot No: 118
- Property Type: House of Multiple Occupation
- Contract Type: Unconditional with Variable Fee
Guide Price* £138,000+ plus fees
Property Description
A great example of a high-yielding HMO in Liverpool which offers a low-entry purchase price for a new investor and the benefit of a good local managing agent that we can recommend. 5 Bedroom HMO, That has just finished a complete renovation, including a double storey extension at the rear to provide spacious accommodation to local working tenants, a completely new heating system, double glazing and each room being taken back to brick. With 5 great sized bedrooms, 2 bathrooms, a large modern kitchen, separate dinning/living area & a yard to the rear, The property will be tastefully modernised to a high standard and is due to complete in a few weeks and there should be no further costs required. Income at Full Occupancy £18,900 per annum generating a 13.7% Gross Yield on the guide price. Located on Rice Lane, Liverpool the property is walking distance to Lidl, Sainsburys and the retail park, with multiple bus stops and train stations nearby meaning travel into the city is very easy. The Aintree University Hospital is also only 2.2miles away. *Open viewing at the property from 2:30PM – 4:30PM 18th March. Contact us to book a time slot*
Expenditure;
Gas tbc / Electric £100.00 / Water £40.00 / Council Tax £85.00 / TV Licence £13.00 / Broadband £20.00
Potential Rental Income
£1,575.00 PCM / £18,900 PA
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 25th March 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454