12th March 2019
Substantial houses in Liverpool are ripe for restoration
Two large homes in Liverpool are due to go under the hammer with SDL Auctions North West in Manchester next month, providing the ideal development opportunity for a property investor.
Both requiring refurbishment, the two three-storey properties have the potential to be transformed into Homes in Multiple Occupation, subject to the relevant permissions and licensing, and ultimately provide a good rental income.
1 Chatsworth Avenue, Orrell Park, is a substantial gas centrally-heated semi-detached house with a *guide price of £91,000+. It has a large kitchen and four reception rooms on the ground floor, with two bathrooms and six bedrooms on the upper floors. Outside there is a good sized rear garden and a small garden space and driveway at the front.
The property is located off Moss Lane in Orrell Park, a popular residential location close to local amenities and within walking distance of Orrell Park railway station and the Walton Vale shopping centre. Aintree University Hospital is also nearby, potentially providing a good source of tenants for the property.
The second Liverpool property is the five-bedroomed link detached 38 Huntly Road, which also has gas central heating and a guide price of £91,000+. It has two reception rooms, a kitchen and WC on the ground floor and, on the upper floors, five bedrooms and a bathroom. Outside there is a small front garden and a rear yard.
This property, too, is in an excellent location likely to prove popular with tenants, being a short drive, bus journey or walk to both the Royal Liverpool University Hospital and the University of Liverpool.
Andy Thompson, head of residential auctions at SDL Auctions North West, said: “There is plenty of potential to restore these properties to their former glory as beautiful character homes.
“Both of them would make excellent investments for a property investor, whether they are looking to add value to a property before selling on, or to create a House in Multiple Occupation, with the relevant permissions. “Both houses are ideally situated for tenants, with easy access to hospitals and the university, as well as amenities and parks close by.”
The properties will go under the hammer at SDL Auctions North West’s auction at the AJ Bell Stadium, Manchester on Thursday 4 April. The auctions team are still on the lookout for properties to include in the auction, and to feature in the bumper North West catalogue which, as well as lots going under the hammer in Manchester, will feature lots to be sold at Cheshire and North Wales auction at Chester Racecourse, as well as online lots.
For a free auction appraisal, or to find out more about selling act auction, click here to book a free auction appraisal or call 0116 774 7333 to speak to the auctions team.
* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.