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One-bedroom flat in a prime Prescot location

Prescot, L34 - Get Access

1 bed 1 bath

Description

This is a buy-to-let opportunity comprising a spacious split-level converted apartment, conveniently situated on West Street in the popular Prescot area. The property is well placed for local shops, recreational facilities and excellent road and public transport connections. The accommodation comprises an entrance hallway, split-level landing, bright and spacious lounge, fitted kitchen, double bedroom and generously sized fitted bathroom. French doors open onto a balcony seating area, while a staircase leads to a substantial loft room with Velux windows and ample under-eaves storage. The property is currently let at £650 per calendar month, producing £7,800 per annum. A Section 13 notice has been served to increase the rent to £750 per calendar month, which would produce £9,000 per annum and represent a gross rental yield of approximately 11.25% based on the guide price. Purchasers should refer to the legal pack and satisfy themselves regarding the tenancy and rental position. With an established tenant already in occupation, the property offers investors an immediate rental income from completion. Its strong guide-price yield, together with the potential rental uplift and convenient central location, makes this an attractive opportunity for both new and experienced buy-to-let investors looking to expand their portfolio. Please note: Edward Mellor has not yet inspected the property. Prospective purchasers should satisfy themselves as to the property's condition, accommodation, tenancy and rental position before bidding.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area Estimated: 600 sq ft

The property is a one-bedroom split-level flat in Prescot, Merseyside. It is presented in good condition with some dated elements, such as the bathroom suite and fitted wardrobes. The property benefits from a balcony and a loft room. The valuation is based on its size, features, and location, with consideration given to its current rental income and potential uplift.

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