Birchdale Road, Walton, Liverpool, L9

Three bedroom semi detached property in Walton, Liverpool.  This is a probate property and the vendor is willing to take a low offer in return for a quick sale.  The property requires refurbishment and comprises; entrance, two good sized reception rooms & kitchen to the ground floor with three bedrooms and bathroom to the first floor.  The property has a front yard and a back garden, both of which are well kept and mature.  There is ample on street parking although the front yard could be converted to a driveway for one car.  The property has gas central heating with radiators in all but two rooms and a dated boiler.  The property was completely rewired 6 years ago and the roof is in good condition - approximately 15 years old.  

 

The property will require mainly cosmetic refurbishment - we suggest the following will be required to maximise rental demand, income and to add value to the property:

 

-New kitchen inc. integrated oven, hob and extractor fan

-New bathroom inc. mains-powered shower and shower screen

-2 new radiators and a new combi boiler

-Full redecoration throughout

-Flooring throughout

New double glazed window to kitchen and UPVC back door

 

Similar well presented properties in the area are marketed for around £115,000 - £125,000.

We feel the property is in a strong location for rental.  It is situated just off Rice Lane.  Rice Lane contains all the amenities needed including post office, banks, bus routes, and shopping.  It is within walking distance of Rice Lane train station, and Walton Hospital. It is also a train stop away from Edge Hill University and Aintree Hospital.

 

To view the full details on our website: http://www.bmvwarehouse.co.uk/property/094-001-birchdale-rd-walton-liverpool-l9-2bd/

 

 

 

 

 

Estimated Market Value: £105,000

Purchase Price*: £77,750

BMV: 26%

Market Rent: £550

Yield: 8.4%

 

 

Up-front cash investment required:

Reservation Deposit: £1,000

Valuation fee (estimated): £300

 

*The Purchase Price is subject to terms and conditions.

A brokerage fee will be payable by any successful buyer, typically 2% min £2,500 +vat.