Summary - 56a Grasmere Street L5 6RJ
2 bed 1 bath Apartment
Low-cost entry for investors seeking refurbishment potential near Liverpool coast.
Chain free with 974-year lease remaining
This ground-floor, two-bedroom apartment in Everton offers a clear buy-to-let or refurbishment opportunity. Chain free with a long lease (974 years) and no ground rent or service charge, it reduces ongoing ownership costs and simplifies purchase. The flat is an average-sized 723 sq ft with double glazing, mains gas heating and on-street parking.
The property needs renovation and modernisation — worn carpets, likely damp visible externally, and solid brick walls with no assumed insulation — which presents scope to add value but will require investment. The area shows high crime levels and very high deprivation, so consider security measures and tenant profiling carefully.
Location is a strength for investors: close to Liverpool city centre transport links, strong local rental demand, and within easy distance of Crosby Beach. Nearby schools include two rated Outstanding and one Good, adding lettability for families and professionals seeking nearby education. Flood risk is low.
Overall this is a straightforward, low-cost-entry leasehold for buyers prepared to renovate and manage an investment in a challenged urban neighbourhood. Expect to budget for refurbishment and targeted improvements to maximise rental returns.
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