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38 Elm Grove, Tranmere

Key features

  • AVAILABLE POST AUCTION
  • LOT NUMBER : 7
  • RESIDENTIAL INVESTMENT PRODUCING £41,692 PA
  • Residential Investment
  • Freehold
  • *GUIDE PRICE : £250,000 - £270,000

Description

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%.

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.

Tenancies
Each flat is let on an AST at a combined rental of £41,692 PA.

Viewing
By arrangement with the auctioneers.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

38 Elm Grove, Tranmere

Approximate location
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About Smith and Sons, Auctions

51-52 Hamilton Square, Birkenhead, CH41 5BN

Smith and Sons were established in 1840 since which time they have been providing a full property service throughout the North West of England and more specifically the Merseyside area. Smith and Sons are the only Wirral firm of property consultants providing regular property auctions throughout the year.

Why use Smith and Sons Auctions

  • The uncertainty and delay often associated with buying and selling is eliminated
  • Contracts are exchanged on the day of sale.
  • Completion takes place normally within 28 days
  • There are no last minute negotiations
  • The auction process offers transparency to both buyers and sellers.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,192
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference 3500. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Smith and Sons, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Smith and Sons, Auctions on 0151 453 4293.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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