A great investment opportunity has arisen within the sales market to purchase this recently redeveloped six bedroom HMO property, ideally located on Empress Road in the popular residential area of Kensington, L7.
The property will be fully let on a joint AST from the 1/7/23 until 30/6.24 with a gross rental yield of £31,000PA. Rent will include provision of all utilities and broadband.
In brief, the property comprises; a welcoming entrance hallway, a bright and spacious bay fronted reception room - utilised as bedroom one, a communal lounge to the rear aspect and a modern fitted kitchen complete with a range of wall and base units, integrated appliances and ample work surface space.
To the first floor, you will find three bedrooms and a modern bathroom suite. At the pinnacle of the property, to the second floor, there is a converted dormer loft room which provides two further bedrooms and a bathroom.
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. Furniture, fixtures and fittings included.
The property further benefits from double glazing and gas central heating throughout.
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.