This imposing and substantial property has been refurbished and converted to comprise 8 apartments, all having central heating and double glazing, an entry intercom system and hardstanding for parking. It is situated on the corner of Elm Grove and Derby Road close to shops, schools, St. Catherine’s Hospital and public transport. The accommodation is on four levels and is laid out as three 1 bedroomed flats and five studios. The rental income provides an extremely attractive yield of over 15%.

Details

Auction Date 26th February 2025
Lot Number 7
Guide Price £250,000 to £270,000
Status Available
Lot Type Residential Investment
Address 38 Elm Grove, Tranmere, CH42 0LA view on map
Tenure Freehold
Tenancies Each flat is let on an AST at a combined rental of £41,692 PA.
Viewing By arrangement with the auctioneers.

Location

Accommodation

Accommodation We have not made an internal inspection but are advised the accommodation comprises:
Lower Ground Floor Flat 1 with its own entrance: lounge, kitchen, bedroom and bathroom.
Ground Floor Flat 2 with its own entrance and rear garden: open plan lounge/kitchen, bedroom, shower room. Flat 3: lounge/bedroom, kitchen and shower room. Flat 4: lounge/bedroom, kitchen and shower room.
First Floor Flat 5: lounge/bedroom, kitchen and shower room. Flat 6: lounge/bedroom, kitchen and shower room. Flat 7: lounge/bedroom, kitchen and shower room.
Second Floor Flat 8: lounge, kitchen, bedroom and shower room.
Externally Communal rear garden and hardstanding for parking.

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