128 Sheil Road, Newsham Park, L13 7UA
Location: About 1.5 miles east of Liverpool City Centre, on the edge of Newsham Park, close to the junction of West Derby Road and St Margaret’s CoE Church, about 0.3 miles from the Asda supermarket in Breck Road, and next to several bus routes on both Sheil Road and West Derby Road
A three storey building converted into four flats, two one-bed flats on the ground floor, and a two-bed flat on each of the first and second floors. A & B, the ground floor flats are vacant and in need of repair. C & D are let at £350 and £400 pcm
Facilities: full gas central heating and double glazing to all flats
The auction guide price is £110,000. If both empty ground floor flats were let for £300pcm each the total rents would be £9,000 p.a. and this will give a net return of 11.8% after deducting 20% for repairs, management, insurance, letting costs etc. If the property is sold for £99,000 the net return would be 13.1%
Management. For an initial period of one year I am offering a comprehensive management service at 5% of rents received, and a comprehensive letting and vetting service (adverts on all major websites) for £300 + vat.
Flat A (ground floor front)
Flat B (ground floor rear)