STC
Buy to Let
Albany Road, Southport
Property Address:
STC - Buy to Let - Albany Road
Southport
Property Details:
-
8 Self contained 1 Bedroom flats
-
North West
-
All tenanted
-
Great Rental Location
-
Off Market
We are direct to the vendor on this deal
All flats are currently occupied and together they bring in £4000 per month
STRATEGY
Buy To Let
8 Self Contained 1 - Bedroom Flats
Reason For Sale
The landlord is selling up
Financial Information:
- Cashflow: £600
- Purchase Price: £450,000
- Estimated Refurb: £48,000
- Estimated Value after works: £720,000
- Market Rental: £4,000
- Sourcing Fee: £10,000
- Project Management Fee: £4,800
Comparables
Comparable Sold
The most expensive recorded transaction in Albany Road to date is Flat 5 10, which sold for £140,000 on
29/07/2010.
The property sale that has been recorded in Albany Road most recently was
Flat 7 5, which sold for £92,000 on 06/11/2015.
LOCATION
Albany Road in Southport PR9 comprises 67 properties. 99 per cent of them are
residential (the total number of homes in Albany Road is 66).
Of the 66 homes on Albany Road, 61
are flats (including apartments and maisonettes). Properties on Albany Road are, on
average, worth £114,714, which makes it one of the least expensive places to live in PR9
Southport, where the average house price is £161,548.
Contact Details:
Contact:
Sammy Halliday
Telephone:
+44 (0)121 318 8056
Email:
sammy@investingnorth.co.uk
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