LPS Real Estate has a 3 bedroom house for sale on Ashfield Road in the Wavertree area of Liverpool. The spacious home would be ideal for a family, first time buyer or investor.
The property has high ceilings, an attractive feature fireplace and bay windows on the ground and first floors that fill the place with natural light. On the ground floor, there's a spacious living area, a second reception room and a lovely kitchen. Upstairs, there are three bedrooms and a bathroom. There is a large yard to the rear of the property.
The property has plenty of scope for expansion with other similar properties on the street having converted the loft or extended into the yard to create additional living space, increase the number of bedrooms or even make a home office.
As an investment, the property as it currently stands would have a yield of around 6% but with the right permissions granted you could transform this into a 5/6 bedroom HMO. You could expect to get around £28,000 per year based on £90pppw. With a spend of around £30,000 on the HMO works this would give you a fantastic yield of around 17.5%.
Wavertee is a popular area in South Liverpool, attracting a variety of residents from students to young professionals. This property is less than 2 miles from the main University buildings and Royal Liverpool Hospital and just over 2 miles from the City Centre. There are plenty of amenities within the immediate vicinity including cafes, shops and bars and it’s in a good catchment area for schools. Wavertree Technology Park - a hub for creative and corporate industries - is within walking distance. Other nearby facilities include Liverpool Shopping Park with retailers including M&S Food and H&M. It's also close to Wavertree Leisure Centre which has an Olympic Swimming Pool and the bustling Allerton Road is just a short distance away. It’s easy to jump a bus into the city centre and Wavertree Train Station is nearby. The main motorway leading towards Warrington, Manchester and beyond is easy to access too!