Large plot Victorian conversion with c.£33k potential income — auction sale, refurbishment required.
Five self-contained studio flats across basement to second floor
A substantial Victorian semi converted into five self-contained studio flats, offered for sale by auction. The building sits on a large plot with front and rear gardens, a driveway and off-street parking. With double glazing, intercom system and a basement laundry room already in place, the property requires refurbishment to reach its rental potential.
This is a clear opportunity for an investor prepared to modernise: projected fully-let income after works is approximately £33,000 per year. Individual flats currently have wet rooms and kitchen/diner areas; EPCs range C–D. The property is a short journey to Liverpool city centre and benefits from excellent mobile signal and fast broadband — useful for lettings demand.
Buyers should note material negatives: the area is very deprived with a very high crime rate and a local demographic of hard-pressed flat dwellers. Tenure is unknown and only Flat 1 was inspected by the preparer, so purchasers must verify legal title, condition and service arrangements. The lot will be sold at public auction, so prepare for conditional sale timelines and due diligence in advance.