5 bedroom detached house for sale

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5 bedroom detached house for sale

Sandown Road, Wavertree L15
£550,000

Our Summary

  • There is potential for an additional apartment in the basement, subject to the usual building and planning permissions
  • The building may also lend itself to further planning permissions for additional units, but again would be subject to permissions
  • Ready-to-go Investment Opportunity

Description

This stunning Grade II listed Georgian mansion block in Wavertree is a rare opportunity to own a piece of history. The detached building has been beautifully converted into 5 spacious one-bedroom apartments, each with its own unique design and original features. The apartments are currently let on ASTs, generating a total annual income of £42,660, with a gross yield of 6.6%. There is potential to add an additional apartment in the basement, subject to planning permissions, which could increase the yield to 7.5%. The apartments are finished to a high standard, with luxurious parquet flooring, sash windows, and high ceilings. The communal areas are well-maintained, with gardens and forecourt parking for each apartment. The property is located in a quiet, leafy suburb of Wavertree, just a short walk from major transport links and 2.8 miles from Liverpool City Centre.