A fantastic investment opportunity has arisen within the sales market to purchase this impressive five bedroom student HMO mid terraced property located on Albany Road in Kensington, L7.
The property is currently fully let on a Joint AST until 30/6/24 with a gross rental yield of £25,850. Tenancy includes provision of all utilities and broadband.
The property has undergone extensive ‘back to brick’ redevelopment including the insulation of all external walls, structural alterations, dormer loft conversion, internal layout improvements and full modernisation.
The property is laid out over three floors with open plan living kitchen and one bedroom to the ground floor.
On the first floor there are three bedrooms and a bathroom.
To the second floor there is a loft conversion with one further bedroom and a bathroom.
All bedrooms are comparable in size and contain the same range of fitted and non-fitted furniture.
Kensington is always popular with investors who see the potential in the area's on going regeneration and identify that its proximity to the City, both Universities and the Royal Liverpool Hospital make it ideal for the rental market. First time buyers can also benefit from the more affordable nature of the property here and enjoy having the City Centre so close to hand.
Property is primarily traditional Victorian terraced housing but with some notable Georgian properties and impressive Villas closer to town and around Fairfield. Prices, even for the larger properties, compare very favourably with the rest of the City, making for good prospects for a sound rental return and giving first time buyers more house for their money.
Full of contrasts and surprises, the area includes the Grade II listed, 121 acre Newsham Park which is surrounded by fine architecture - largely on Prospect Vale and Fairfield Crescent - and is a designated conservation area. Shops are many and varied along Kensington and West Derby Road, with larger, national chain stores located on Prescot Road and at Edge Lane Retail Park, which also has restaurants and a multiplex cinema.
Frequent train services to Manchester and into Liverpool run from Edge Hill Station, buses are regular and Edge Lane/Drive takes drivers straight on to the start of the M62.