7 Nov

Glengariff Street, Liverpool L13 – 8.7% Gross Yield

liverpool-property-blog-glengariff-st-aAs winter is getting closer and people start to focus on Christmas, investors and owner occupiers are less inclined to purchase properties but this is were I see a fantastic opportunity to get a good deal.

I’ve come across a three bedroom house in Tuebrook for £72,500  that is ready for immediate occupancy and would attract a good quality long standing tenant for a rental income of £525 per month. Now this property was originally on the market at the start of October 2016 for £74,950 but has just been reduced by 3.3%. I feel any investor looking to grow their portfolio would be worth looking at this property and going in with an offer at 10% below asking price. Although the property is in a letable condition, the bathroom and kitchen could do with modernisation immediately or in the forthcoming years along with property being currently empty, then the owner would be liable for the utility bills including the council tax, so an empty property over the Christmas period would be the last thing any person would want.

The property is currently available through Space Estate Agents and you can view the property here

If you are interested in this property or would like help in growing your portfolio, then please do not hesitate to contact me on adamr@liverpoolpropertyblog.com