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Lot 5 - Wednesday 7th April 202192 Woodchurch Lane, Birkenhead, Merseyside, CH42 9PD

BUY IT NOW £125,000

For Sale by Online Auction 7th April 2021

5 x self-contained flats
Immediate Rental income £16,044 pa
Scope to increase rental income
Potential to add capital value

This is a large end terrace property that was converted to provide 4 x one-bedroom flats and 1 x studio flat. One flat is currently vacant which is in need of refurbishment prior to letting. There is scope to add capital value with the refurbishment of the vacant flat and also increase current rental income.  Subject to some minor upgrade of the existing flats, full rental income could be in the region of circa £23,500pa.  Two of the flats have their own private entrance while the other three share a communal entrance to the side of the property. There are long-standing tenants at the property, making this an ideal long-term investment.

Woodchurch Lane is accessed direct from Woodchurch Road in Prenton. Close to Sainsburys and numerous shops within walking distance. Birkenhead Town Centre is only 1.5 miles away and Liverpool City Centre is only 5 miles through the Queensway Tunnel.

Flat 1: Private front entrance - Ground floor: Bedroom, Bathroom, kitchen, living room 
Flat 2: Side communal entrance - Ground floor: Kitchen, living room, bedroom, 
Flat 3: Private rear entrance - Ground floor: Bathroom, kitchen/living/bedroom 
Flat 4: Communal side entrance - Over first/second/third floor: kitchen, bathroom, living room, bedroom - needs refurbishment 
Flat 5: Communal side entrance - first floor: kitchen, living room, bathroom, bedroom 
Outside: On-street parking to the front, yard to rear

The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.

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You will pay
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

• if you complete before 31 March 2021, you may be exempt from paying Stamp Duty on the first £500,000 of your property value

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