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10 bedroom house of multiple occupation for sale
27 Hope Street
£925,000
27 Hope Street
£925,000
Our Summary
- 36% The property also demonstrates potential for a broad range of alternative uses including short term lets, holiday lets, F&B and offices (subject to change of use)
- Potential for a range of alternative uses (subject to planning)
Description
27 Hope Street is a charming Georgian midterrace building that has been converted into a 10-bedroom HMO, offering ample living space and modern facilities across four levels. The property features a spacious lounge, well-equipped kitchen, and additional kitchenette in the basement, as well as three double bedrooms and a bathroom on each of the upper floors. The rear patio courtyard provides a pleasant outdoor space. Located in the heart of Liverpool's Knowledge Quarter, the property is close to prestigious educational institutions, cultural institutions, and a variety of restaurants, cafes, and bars. The property is well-served by public transportation and is within walking distance of Liverpool Lime Street Station. The property is currently generating a combined rental income of £68,736, with a Net Initial Yield of 7.05%, and is expected to increase in value upon lease expiry, providing a Reversionary Yield of 8.04%. Additionally, the property has potential for alternative uses, including short-term lets, holiday lets, F&B, and offices, subject to change of use.