Gwladys Street - 3 Bedrooms Terraced

Located within the residential area of Liverpool, this 3 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, three bedrooms upstairs.

EPC is out of date and the seller will be required to renew it. I expect this will be grade D

There are two renting options available:

• On-Market @ £825

• Social Housing Lease @ £950

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 8.51%

• Social Housing Lease 9.80%

Mandatory refurb - Total: £13,600 + VAT

• Boiler service/Gas safe certificate 450

• Roof/gutter repair 600

• Electrical certificate/smoke detectors 750

• Painting and decorating 3500

• Carpets 3500

• Kitchen, bathroom updating, various repairs (joinery, electrical etc) 3600

• Project management 1200

Comparables:

Dyson Street - 3 Bedrooms Terraced - Sold for £100,000 on 29/05/2024

https://www.rightmove.co.uk/properties/148490858#/?channel=RES_BUY

Luxmore Road - 3 Bedrooms Terraced - Sold for £104,950 on 18/06/2024

https://www.rightmove.co.uk/properties/149322401#/?channel=RES_BUY