This pair of substantial three storey houses have been extended and converted to provide six, 1 and 2 bedroomed self contained flats.
They are situated in a popular letting position close to Wallasey town hall and within a couple of minutes walk of the Promenade overlooking the river and the city centre skyline. They are also well placed for shops and public transport along Brighton Street.
Five of the flats have gas central heating and double glazing, the exception being the right hand ground floor unit which is being used by the owner for storage and needs upgrading prior to occupation.
Both buildings have hard wired fire alarms.
The property produces a good rental income and generous yield in the region of 14% return.
Alternatively, once vacant, the properties could be returned to two, substantial 6 bedroomed family homes.
Details
Auction Date |
17th February 2021 |
Lot Number |
12 |
Guide Price |
£195,000 to £205,000 |
Status |
Sold |
Sale Price |
£239,500 |
Lot Type |
Residential Investment
|
Address |
4 & 6 Clarendon Road, Wallasey, CH44 8EL view on map |
Tenure |
Freehold |
Tenancies |
Each flat is let on AST agreements apart from the ground floor of number 4 which used to be let but is now used by the owners for storage. The top floor flat of number 4 is also now vacant.
When fully let, there is a rental income of £28,280 pa. |
Viewings |
By arrangement with the auctioneers. |
Location
Accommodation
Accommdation |
An internal inspection could not be made of each flat but we understand from information provided by the owner that the flats comprise: |
4 Clarendon Road |
Ground floor: Hall, living room, kitchen, 2 bedrooms, bathroom.
First floor : Hall, lounge, dining/kitchen, 2 bedrooms, bathroom.
Second floor: Hall, living room/ kitchen, bedroom, bathroom. |
6 Clarendon Road |
Ground floor: Hall, lounge, dining room with kitchen area, two bedrooms, shower room.
First floor: Hall, lounge, dining/kitchen, 2 bedrooms, bathroom.
Second floor : Hall, living room/kitchen, bedroom, bathroom. |
Externally |
Front garden with hardstanding for off road parking and rear yard. |