This substantial end-terrace property, characterized by its period features and arranged over four floors including a basement, presents a unique investment opportunity in the North West. Currently operating as a well-established HMO with ten self-contained flats, the property showcases charming bay-fronted elevations and generous ceiling heights that maximize natural light. However, the building is in need of modernisation to fully realize its potential. The accommodation not only includes multiple residential units but also boasts communal spaces and ancillary areas, alongside previously occupied basement space and additional attic capacity. The forecourt provides off-street parking—a valuable asset in a rental setting. Given the current gross income of £59,580 per annum and projected increases post-2026, this property holds considerable promise for income growth through strategic renovations. Opportunities for enhancement include improving heating systems to lower landlord expenses, refurbishing common areas and individual units to attract higher rents, as well as exploring conversion possibilities for unused basement and attic spaces (subject to planning). With existing Article 4 restrictions preserving HMO supply, demand for such coastal assets remains robust amidst anticipated local developments poised to uplift rental values.
