5 Bed HMO, Liverpool, L6 8NA £240,000

Grove Road, Liverpool, L6 8NA - 2 views - 9 months ago
Sold STC
HMO
ROI: 8%
~128 m²
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+2 photos

ValuationUndervalued

Sold Prices£84K - £1.1M
Sold Prices/m²£801/m² - £3.7K/m²

 

 

Square Metres

~128 m²
Price/m²£1.9K/m²

Value Estimate

£273,980
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Total Cash In

£75,500

 

 

Cash Out

 

Room Rate

£459

Gross Rent

£2,295

Running Costs/mo

£1,775

Cashflow/mo

£520

Cashflow/yr

£6,241

ROI

8%

Gross Yield

11%

Local Sold Prices

48 sold prices from £84K to £1.1M, average is £290K. £801/m² to £3.7K/m², average is £2.1K/m².

Price
Date
Distance
Address
Beds
 
£170K03/250.2 mi52, Sheil Road, Liverpool L6 3AE5
£170K03/250.2 mi52, Sheil Road, Liverpool L6 3AE5
£150K06/230.29 mi44, Lorne Street, Liverpool, Merseyside L7 0JR5
£185K08/210.71 mi77, Leopold Road, Kensington, Liverpool, Merseyside L7 8SR5
£285K03/250.8 mi6, Hutchinson Street, Liverpool L6 1JJ5
£285K03/250.8 mi6, Hutchinson Street, Liverpool L6 1JJ5
£240K05/230.83 mi25, Moscow Drive, Liverpool, Merseyside L13 7DE5
£265K04/250.91 miFlat 1, 26, Salisbury Road, Wavertree, Liverpool L15 1HN5
£265K04/250.91 miFlat 1, 26, Salisbury Road, Wavertree, Liverpool L15 1HN5
£380K11/210.95 mi6, Greenfield Road, Liverpool, Merseyside L13 3BN5
£257K12/241.02 mi3, Sandringham Road, Tuebrook, Liverpool, Merseyside L13 8BX5
£205K06/231.02 mi1, Sandringham Road, Tuebrook, Liverpool, Merseyside L13 8BX5
£165K05/211.07 mi18, Argyle Road, Anfield, Liverpool, Merseyside L4 2RS5
£625K09/241.19 mi5, North Drive, Wavertree, Liverpool L15 8JE5
£381K02/231.22 mi12, Sandown Lane, Liverpool, Merseyside L15 8HY5
£625K09/241.23 mi5, North Drive, Wavertree, Liverpool, Merseyside L15 8JE5
£160K08/211.28 mi87, Priory Road, Liverpool, Merseyside L4 2SE5
£150K02/231.28 mi99, Priory Road, Liverpool, Merseyside L4 2SE5
£675K03/251.28 miAslan, New Hey, Liverpool L12 1LH5
£675K03/251.28 miAslan, New Hey, Liverpool L12 1LH5
£350K03/251.37 mi55, Bingle Way, Liverpool L12 7AD5
£350K03/251.37 mi55, Bingle Way, Liverpool L12 7AD5
£124K01/251.37 mi72, Arkles Lane, Anfield, Liverpool, Merseyside L4 2SP5
£690K05/211.51 mi7, Ladyfields, Liverpool, Merseyside L12 1NF5
£630K03/241.54 mi51, Huskisson Street, Liverpool, Merseyside L8 7LW5
£758K06/221.58 mi6, Falkner Street, Liverpool L8 7PZ5
£218K12/241.59 mi76, Whitehaven Road, Liverpool, Merseyside L5 0BB5
£267.5K01/231.59 mi20, Rossett Avenue, Liverpool, Merseyside L17 2AP5
£270K12/221.6 mi70, Langdale Road, Liverpool, Merseyside L15 3LB5
£440K05/211.61 mi25, Whinfell Road, Liverpool, Merseyside L12 2AS5
£218K12/241.61 mi76, Whitehaven Road, Liverpool L5 0BB5
£1.1M03/241.61 mi25, Canning Street, Liverpool, Merseyside L8 7NN5
£640K08/221.63 mi12, Lancaster Avenue, Sefton Park, Liverpool, Merseyside L17 3AZ5
£556K03/231.64 mi10, Buckingham Avenue, Liverpool, Merseyside L17 3BB5
£488K10/221.64 mi26, Sydenham Avenue, Liverpool, Merseyside L17 3AX5
£515K04/231.65 mi3, Rutland Avenue, Sefton Park, Liverpool, Merseyside L17 2AE5
£625K01/241.71 mi1, Sydenham Avenue, Liverpool L17 3AU5
£295K09/211.74 mi14, Marford Road, Liverpool, Merseyside L12 5HH5
£84K06/231.81 mi5, Vronhill Close, Liverpool L8 8LB5
£84K06/231.81 mi5, Vronhill Close, Liverpool, Merseyside L8 8LB5
£152.3K03/251.86 mi3, Broad View, Liverpool L11 1BL5
£152.3K03/251.86 mi3, Broad View, Liverpool L11 1BL5
£355K11/241.89 mi48, Nicander Road, Liverpool L18 1HY5
£382K05/231.9 mi18, Score Lane, Liverpool, Merseyside L16 6AW5
£295K03/251.97 mi59, Orchard Avenue, Liverpool, Merseyside L14 3NQ5
£603.9K07/221.97 mi183, Woolton Road, Wavertree, Liverpool, Merseyside L15 6TB5
£160K11/221.98 mi128, Fountains Road, Liverpool, Merseyside L4 4NF5
£297K05/231.98 mi96, Russell Road, Mossley Hill, Liverpool, Merseyside L18 1EB5

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)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+74%

Property History

Listed for £240,000

January 30, 2025

Floor Plans

Property image

Description

Marshall Property is please to present this 5/6 bedroom property, situated on the ever-popular Grove Road, L6, this double-fronted property offers an excellent opportunity for development. Previously used as supported living accommodation, the house has been vacant for just over 18 months and is ready to be transformed. Spanning three floors, the property is perfect for refurbishment as a HMO or potential conversion into apartments, subject to the necessary permissions.

The layout includes five to six well-proportioned bedrooms, one reception room, and a kitchen that provides a functional space for communal or private use. The property also features a large rear garden, offering plenty of potential for outdoor enjoyment or further enhancement. At the front, the house is set back from the road with a private path shared with the neighboring property and a good-sized garden that adds to its charm.

Conveniently located on a main transport route into the city center, the area is highly desirable for residents and investors alike. With its spacious design and prime location, this property is an excellent investment opportunity. Contact Marshall Property today on to arrange a viewing and see the potential for yourself.

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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