Banner Street - 2 Bedrooms Terraced

Located within the residential area of Liverpool, Merseyside, this 2 bedroom is ideally positioned for access to all local shops, facilities and bus routes.

The property is in close proximity of the neighbouring transport links including the trains, trams and motorway networks.

The accommodation comprises lounge, dining / kitchen and shared bathroom downstairs, two bedrooms upstairs.

Video tour:

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Mandatory refurb - Total: £9,700 + VAT

• Professional cleaning 300

• Boiler service/Gas safe certificate 450

• Electrical certificate/smoke detectors 750

• Painting and decorating 3000

• 2x Fire door - kitchen £2,800

• Asbestos £200

• Legionella £200

• Various repairs (joinery, electrical etc) 1200

• Project management 800

There are two renting options available:

• On-Market @ £800

• Social Housing Lease @ £825

Provider pays the utility bills

Each property must be furnished with white goods (fridge, washing machine, cooker)

They do not pay a deposit

Lease is 5 years

Rent review on the 24th month and 48th month, in line with CPI capped at 5%

Estimated Rental Yield:

• On-Market 8.60%

• Social Housing Lease 8.87%

Comparables

Banner Street - 2 Bedrooms Terraced - Sold for £100,000 on 01/05/2024

https://www.rightmove.co.uk/properties/147489134#/?channel=RES_BUY

66 Banner Street - 2 Bedrooms Terraced - Sold for £118,000 on 19 Dec 2023

https://www.rightmove.co.uk/house-prices/details/england-134230052-20631340?s=a8b56b92f066d9cf28a98ba1acfc9944f977b4a475746d81f67df8fc826bd5d0#/