This property presents a unique investment opportunity in the desirable suburb of Wavertree, Liverpool. A striking double-fronted Grade II listed Georgian mansion block is set on a generous 0.25-acre forecourt, showcasing both historic charm and modern functionality. Currently configured as five self-contained one-bedroom apartments, the property offers ample space and comfort for tenants.
With an existing annual rental income of £44,280, the property boasts an attractive yield of approximately 8.05%. Each apartment has been individually let with minimal vacancy rates, indicating strong demand in a competitive rental market. The breakdown of rental income from the current tenants demonstrates consistent performance:
- Flat 1: £8,340 PA
- Flat 2: £9,300 PA
- Flat 3: £9,000 PA
- Flat 4: £9,540 PA
- Flat 5: £8,100 PA
Additionally, there is potential to add value through the development of an extra apartment in the basement (Flat 6), subject to obtaining necessary planning permissions. This could yield an estimated additional £8,340 annually, raising total income and enhancing gross yield prospects to around 9.4%.
The interiors of each apartment reflect a thoughtful blend of period features and contemporary finishes that appeal to high-caliber tenants. Highlights include elegant parquet flooring, plush carpeting, grand sash windows treated with colonial shutters, and lofty ceilings adorned with intricate coves and cornices. The communal areas are well-maintained and complemented by landscaped gardens and forecourt parking for added convenience.
Located in a tranquil area rich with green spaces yet closely connected to urban amenities, this property is ideally positioned for attracting tenants seeking a balanced lifestyle. Wavertree Train Station is within walking distance for easy commuting to Liverpool City Centre—just 2.8 miles away—while nearby transport links provide access to regional motorway networks. Its proximity to Wavertree Technology Park enhances its appeal as a residential option for business professionals.
This well-preserved asset not only generates income but also holds significant renovation and development potential within a sought-after location in Liverpool. Whether looking to expand your investment portfolio or seeking an enticing renovation project with future growth possibilities, this property merits careful consideration.
