Mallaby Street, Birkenhead 4 bed block of apartments for sale

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Mallaby Street, Birkenhead 4 bed block of apartments for sale

Mallaby Street, Birkenhead
£115,000

Our Summary

  • Investment Opportunity - Two Ground Floor Flats Producing a Strong YieldA fantastic investment opportunity offering an immediate return, with a healthy yield of approximately 8
  • 6% and strong potential for increased rental income, as both tenants are now out of contract
  • Key InformationCurrent Rental Income: Flat 10a - £475 pcm (with scope to increase)
  • 66 pcm (with scope to increase)
  • This property presents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for growth

Description

This is an investment opportunity presenting two ground floor flats, producing a strong yield of approximately 8.6%. Flat 10a, with its own main entrance, features a spacious living room, three bedrooms, and a shower room, with potential to increase rental income. Flat 10b, with a modern and bright feel, has an open-plan living/kitchen area, a utility area, and a double bedroom, also with scope to increase rental income. The property offers immediate income, with current rental income of £475 per month for Flat 10a and £346.66 per month for Flat 10b, and potential for growth. The property is freehold, with on-street parking options, and has a C EPC rating for Flat 10a and a D EPC rating for Flat 10b, both valid for several years. This presents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for growth.