House For Sale Derby Lane, Liverpool, L13

£750,000

1 of 13
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 24th April 2024

Description

Marshall Property are offering for sale a unique opportunity to purchase this block of apartments, with further development potential. The property comprises an interconnected pair of period terraces configured as nine flats with a former dance studio/hall to the ground floor. The building appears to have been converted around 2020-2021.

There are 4 one-bedroom apartments and 5 two-bedroom apartments. All of the apartments have been finished to a reasonable standard. There`s also three dance halls, a seating area with bar and WCs. large basement for storage and utility area. This area of the property will need refurbishing and has the potential for further development, subject to relevant planning consents. To the rear of the garden there`s also a double garage.
Expired planning consent for two additional apartments. Four townhouses were applied for but not progressed (under planning ref: 20F/1268).

The residential element of the property is part let, with one flat being vacant. We note that a letting has been agreed on the vacant flat at £650 pcm. The combined passing rent is £4,650 pcm / £55,800 pa, which will increase to `£5,300 pcm / £63,600 when fully let. The commercial element is vacant.


Flat 1 (ground floor) - Living/kitchen, double bedroom and shower room - 41.8 sq m
(449 sq ft).
Flat 2 (ground floor) - Living/kitchen, double bedroom and bathroom - 33.47 sq m
(360 sq ft).
Flat 3 (first floor) - Living/kitchen, 2 bedrooms and shower room - 41.95 sq m
(451 sq ft).
Flat 4 (first floor) - Living/kitchen, 2 bedrooms and shower room - 49.35 sq m
(531 sq ft).
Flat 5 (first floor) - Living/kitchen, double bedroom and shower room - 28.96 sq m
(311 sq ft).
Flat 6 (first/second floor duplex) - Living/kitchen, double bedroom and shower room
29.68 sq m (319 sq ft).
Flat 7 (second floor) - Living/kitchen, 2 bedrooms and shower room - 41.95 sq m
(451 sq ft).
Flat 8 (second floor) - Living/kitchen, 2 bedrooms and shower room - 41.91 sq m
(450 sq ft).
Flat 9 (second floor) - Living/kitchen, 2 bedrooms and shower room - 46.19 sq m
(497 sq ft).
Former dance school/hall (ground floor)– comprising two large front rooms,
toilets, practice room and large open plan dance hall in building to rear – 327.08
sq m (3519 sq ft).
Double garages at rear of garden.

To arrange an internal inspection, please call .



Notice
marshallets limited endeavour to make our property particulars accurate and reliable, however, they do not constitute or form part of any offer or contract and are not to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective renters only, and are not precise. If you require clarification or further information on any points, please contact us.
Agent Details
Marshall Property
372 Smithdown Road, Allerton, Liverpool, L15 5AN

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£105,000
Liverpool, L13
End Of Terrace
9.7
£99,950
Liverpool, L13
Flat
9.2
£115,000
Liverpool, L13
Terraced
8.8
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested