LPS has a two bedroom apartment for sale on Laurel Road in the popular Kensington / Fairfield area of L7. An ideal investment property with a potential gross yield of circa 6.74%.
The apartment is situated on the second and first floor of the building. It has a lovely open plan living / dining / kitchen area which is bright and airy thanks to the two large sash windows. The contemporary kitchen is spacious and has plenty of preparation space. The two bedrooms are a very good size and the larger of the rooms has a few steps leading down to it, giving it a duplex feel. The bathroom is stylish and has a three piece with a shower bath. There is double glazing and gas central heating throughout and the EPC Rating is C. It is in fantastic condition and a few works are being carried out to further improve it! The communal areas of the property are well maintained and there is a communal garden to the front of the property. Parking is available on the street outside.
Laurel Road is situated in a very convenient location. There is a direct route into the Knowledge Quarter, the University and the City Centre via Edge Lane which only takes 15 minutes! The M62 Motorway is 5 minutes down the road, leading towards Manchester and other neighboring towns. Liverpool Innovation Park is a few minutes away and Wavertree Technology Park and the train station are just a mile away. There are also plenty of amenities within the area, including Liverpool Shopping Park which is home to the likes of M&S Food, Boots, Costa, Hollywood Bowl and a number of restaurants.
This is ideal for first time buyers or for those looking for an investment. The apartment was previously tenanted at £600PCM but we estimate that in the current market it would attract a rental income of £675, providing a potential gross yield of 6.4%. Best of all, it is vacant with no chain!
Please get in touch if you would like to view this lovely apartment.
Property Costs and Additional Information:
Lease: 235 yeas
Ground Rent: £100 per year (due in May)
Service Charge: Currently £39.32
Council Tax Band: A
EPC Rating: C
*** By purchasing this property, you will be supporting local charity An Hour for Others. We donate 1% of our commission to the charity every time we rent or sell a property.
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Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
