Located in the bustling city of Liverpool, this property on Peter Road presents a notable investment opportunity with potential for enhancement. Currently operating as a small House in Multiple Occupation (HMO), the residence is fully let with four tenants, providing immediate cash flow.
The home features two reception rooms, one of which has been creatively utilized to accommodate additional sleeping space, making it attractive to renters. The property includes three sizable bedrooms and a functional bathroom, ensuring a comfortable living environment for tenants.
This investment boasts an appealing annual rental income of £19,560 and a monthly rent of £1,630, translating to a gross yield of around 15%. Such returns underscore the property's value in a sought-after rental market within Liverpool.
For investors aiming to expand their portfolios or those entering the buy-to-let sphere, this property offers attractive financial prospects. With existing tenants in place, it provides a seamless transition into ownership while enabling immediate returns. Considering its location and current condition, there exists potential for further renovations to enhance value and rental rate over time.
