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6 bedroom block of apartments for sale
Woodchurch Road, Birkenhead
£180,000
Woodchurch Road, Birkenhead
£180,000
Our Summary
- This property presents a superb investment opportunity, comprising four well-proportioned flats with proven rental demand
- Ground FloorFlat 87A - 1-bedroom flat, currently tenanted at £390pcm (scope to increase)
- First FloorFlat 87C - Spacious 2-bedroom flat, let at £385pcm (with potential uplift)
- Some updating and decorative works are required, particularly to the vacant units, but once completed, the property offers a strong rental yield and long-term capital growth prospects
- Investment/Development Opportunity
Description
This property is currently under offer at £150,000, but potential buyers can still view it and submit new offers until exchange of contracts. The property is a fantastic investment opportunity, comprising four well-proportioned flats with proven rental demand. The ground floor flats are currently tenanted, with one generating £390 per month and the other vacant but with a projected rental income of £500 per month. The first floor flats are a spacious 2-bedroom property currently let at £385 per month and a large 2-bedroom maisonette currently vacant but with an estimated rental value of £650 per month after light modernisation. Some updating and decorative works are required, particularly in the vacant units, but once completed, the property offers a strong rental yield and long-term capital growth prospects.