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.

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