Key Features
- x4 Unit Block with Planning Permission to convert to an 8 bed 8 bath HMO
- Potential Gross income: £61,200 - £63,240 p.a.
- Estimate refurb cost c. £150,000
- Prime Student Location
- Opportunity to Increase Value
Full property description
StudentHive are pleased to present this Block of 4 Studios with planning permission (Reference 25F/1130) for an 8-bed, 8-en-suite HMO, located ideally in the heart of the popular student district of Wavertree, Liverpool.
The property is vacant & is in need of full refurbishment, with a £150k estimated build cost based on a tender the vendors completed in which a full specification and structural calculations were drawn up.
Located on Hartington Road, the property is situated within Liverpools most popular student area off Smithdown Road, where properties achieve the strongest rents and highest demand. If done to a high-spec, its likely the rooms will achieve between £150-£155pppw.
With there being high demand for premium en-suite spaces, an 8 bed will typically have less competition and subsequently, with the right marketing, should rent well. It also allows prospective investors to scale quicker - adding 8 bedrooms with one transaction.
The property is leasehold (with 107 years remaining). The freehold can be purchased - Liverpool City Council are the freeholder and normally charge between £2-£3k.
We can send existing / proposed floorplans upon request.
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