Move Residential is pleased to offer for sale this fantastic six bedroom mid terrace student rental investment property, located on Hall Lane, a conservation area within Kensington Fields, L7.
This mid-terrace property has views over the city centre and has undergone a full ‘back to brick’ redevelopment - insulating all external walls, structural alterations, internal layout changes and full renovation to create a modern six-bedroom student property.
The accommodation is laid out over three floors with open plan living kitchen and two bathrooms.
There is one bedroom on the ground floor along with living room, kitchen and bathroom. On the first floor there are three bedrooms and a bathroom.
To the second floor there are two further bedrooms. All bedrooms are similar size and contain the same range of fitted and non-fitted furniture.
Recently re-developed by an experienced student housing provider, the property is fully let until 30th June 2019 with a gross rental yield of £26,790 per annum, inclusive of all utilities and broadband.
The property is fully compliant with Building Regulations and HMO Licencing Regulations.
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.