An opportunity has arisen in Liverpool for a house hunter to make an income on their next property purchase.
Described as an ‘ideal investment’, a nine bedroom home is currently being used as a HMO (house of multiple occupancy).
The end of terrace house is in an ideal location for university students on Chatham Street, in the Georgian Quarter.
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Estate agency Hunters, which has listed the property on Rightmove, says that the house is also let out to a group of students and has a gross annual income of more than £45,000.
It was previously on the market for £830,000 but is now ‘priced to sell’ for £680,000.
The listing is said to be in a ‘very good condition’ and is only being sold because the current owner no longer lives in the country and wishes to start selling his property portfolio.
Properties in Georgian Quarter had an overall average price of £302,500 over the last year.
Most of the sales in the last 12 months were flats, selling for an average price of £187,857. But terraced properties such as this on Chatham street sold for an average of £414,167, with semi-detached properties fetching £435,000.
Overall, sold prices in Georgian Quarter over the last year were 42% up on the previous year, according to Rightmove market information.
Images of the HMO property show it is spread across three storeys, with the ground floor having an open plan shared living space and a kitchen.
There are also two ground floor bedrooms and a bathroom.
More bedrooms are located upstairs, along with a second kitchen and a family bathroom, that could be converted into two smaller bathrooms.
There’s a maintenance room on the basement level of the property which is described as being ‘ideal for management of the property.’
The Hunters listing reads: “[We] are delighted to bring to the market this nine bedroom HMO.
“With eight of nine of the bedrooms currently let to one group of students, this property is the ideal investment opportunity, with a gross income of £45,816.00 per annum.
“Previously on the market for £830,000, the property is now priced to sell.”
For more information and images from inside the property, visit Rightmove here.
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