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
North Wall

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


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 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.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.