This unique property presents a noteworthy investment potential in the desirable suburb of Wavertree, Liverpool. The building is a double-fronted Grade II listed Georgian mansion block, situated on a generous 0.25-acre forecourt. Currently, it has been converted into five spacious one-bedroom apartments, each designed to retain original architectural features while integrating modern comforts.
The existing units yield a strong annual rental income of £43,880, reflecting a gross yield of approximately 7.94%. Each apartment showcases distinct characteristics and high-quality finishes, including elegant parquet flooring and grand sash windows that highlight the property’s historical charm. The apartments are consistently tenanted with minimal void periods, attracting reliable tenants who appreciate the blend of character and contemporary living.
Additionally, there is significant potential for further development; a basement area has the capacity to be transformed into an additional apartment (Flat 6), subject to necessary planning permissions. This could provide an estimated monthly rental income of £675, increasing total annual earnings and boosting the gross yield to around 9.4%.
The investment opportunity is further enhanced by the property's prime location. Wavertree offers an abundance of green spaces and is well-connected by public transport, with Wavertree Train Station within walking distance and easy access to Liverpool City Centre just 2.8 miles away. Proximity to local amenities such as Wavertree Technology Park and Liverpool Shopping Park ensures a steady demand for rentals from both professionals and families.
Overall, this property not only represents a well-maintained income-generating asset but also delivers considerable prospects for future growth in an appealing Liverpool neighborhood.
