8 Bed HMO, Liverpool, L6 8NA, £260,000

Grove Road, Liverpool, L6 8NA - 44 views - a month ago

HMO
ROI: 23%
~248 m²
+17 photos

ValuationFair Value

Sold Prices£265K - £625.5K
Sold Prices/m²£1.4K/m² - £1.7K/m²

 

 

Square Metres

~248 m²
Price/m²£1K/m²

Value Estimate

£265,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Total Cash In

£74,500

 

 

Cash Out

 

Room Rate

£481

Gross Rent

£3,848

Running Costs/mo

£2,440

Cashflow/mo

£1,408

Cashflow/yr

£16,892

ROI

23%

Gross Yield

18%

Local Sold Prices

6 sold prices from £265K to £625.5K, average is £377.5K.

PriceDateDistanceAddressBeds 
£365K06/210.27 mi29, Holly Road, Liverpool, Merseyside L7 0LH8
£265K06/210.94 mi87, Mill Road, Liverpool, Merseyside L6 2AG8
£265K06/210.94 mi87, Mill Road, Liverpool, Merseyside L6 2AG8
£390K01/211.57 mi29, Arundel Avenue, Wavertree, Liverpool, Merseyside L17 3BY8
£532.5K06/231.78 mi9, Sefton Drive, Sefton Park, Liverpool, Merseyside L8 3SD8
£625.5K02/212.08 mi16, East Albert Road, Liverpool, Merseyside L17 3BH8

Local Area Statistics

Population in L6

23,668

Population in Liverpool

675,519

Town centre distance

3.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+46%

Sales demand

Balanced market

Capital growth (5yrs)

+45%

Property History

Listed for £260,000

January 30, 2025

Floor Plans

Description

Marshall Property is please to present this 8 bedroom property located on the sought-after Grove Road, L6, this expansive double-fronted property offers an incredible opportunity for development. Previously used as supported living accommodation, the house has been vacant for just over 18 months and is now ready for a fresh start. Spanning three floors, the property boasts an impressive layout, making it ideal for refurbishment as a HMO or conversion into apartments, subject to the necessary permissions.

The property features eight generously sized bedrooms, two bathrooms, and two spacious reception rooms, offering plenty of versatility for potential redesign. A kitchen conveniently leads from one of the lounges, and there`s also a basement providing additional space for storage or further development. Externally, the property is set back from the road with a private path shared with the neighboring house, a good-sized front garden, and a large rear garden that enhances the overall appeal.

Located on a main transport link into the city center, the area remains highly popular for both residents and investors alike. With its prime location, ample living space, and development potential, this property is not to be missed. Contact Marshall Property today on to arrange a viewing and explore the possibilities.

Notice
marshallets limited endeavour to make our property particulars accurate and reliable, however, they do not constitute or form part of any offer or contract and are not to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective renters only, and are not precise. If you require clarification or further information on any points, please contact us.

Agent Details

Marshall Property, Liverpool

0151 453 2312

Next Steps?

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