13 Mannering Road, Sefton Park, Liverpool, L17
Location, Close to Sefton Park and Lark Lane: popular for restaurants + wine bars + speciality shops. Tesco Metro and many other shops are only 0.2m on Aigburth Road; St Michael’s and St Charle’s primary schools are within 0.3m; Liverpool Centre is about 3.5m, and 21 mins by the 82 bus; St Michael’s Station is 0.6m
A two storey building converted into two flats, one on each floor. The top floor has an attic room and there is some cellar space under the front of the ground floor flat. The property includes a garage building of 3 car garages.
Rents in £pcm: Flat A (ground floor) £500 pcm, Flat B (1st floor) £600 £450, Flat 2, £429, Flat 3, £467.50, Flat 4, £495, Flat 5 £540; all garages are let at £40 pcm
All are one bedroom except for Flat 5 which has 3 beds. Flat 3 has an extra utility or store room on a different landing. See plans and dimensions and photos below
Facilities: full gas central heating to each flat
The auction guide price is £215,000 Total rents of £14,640 p.a. will give a net return of 5.4% after deducting 20% for repairs, management, insurance, letting costs etc. If the property sold for £193,500 the net return would be 6.1%
Management. For an initial period of one year I am offering a comprehensive management service at a fee of 5% of rents received, and a comprehensive letting and vetting service (adverts on all major websites) for £300 + vat.
Flat A (ground floor)
Flat B (first or top floor flat)