Property Details: - Type: Semi-detached house - Bedrooms: 4 - Bathrooms: 2
Agent: Rent North East - Gateshead Phone: 0191 392 0343
<strong>Substantial Freehold Investment, 2 Self-Contained Flats, Kingsway, Wallasey CH45<br/></strong><br/>An excellent opportunity to acquire a substantial period property that has been converted into two self-contained flats, ideally positioned on Kingsway in the heart of Wallasey. Offering established rental income and generous accommodation throughout, this freehold building presents a ready-made investment with clear scope for improvement. Refurbishment and cosmetic works are required throughout both flats, and the asking price reflects the condition and opportunity to add value.<br/><br/>The property comprises a one-bedroom ground floor flat and a three-bedroom maisonette arranged over the first and second floors. Both flats are currently tenanted, providing immediate income from completion.<br/><br/><strong>Accommodation Overview<br/></strong><br/>Ground Floor Flat - 1 Bedroom, 1 Bathroom<br/><br/>The ground floor apartment offers well-proportioned accommodation including a spacious lounge with high ceilings, a double bedroom, bathroom and fitted kitchen with access out to the rear garden.<br/><br/>Externally, there is a good-sized rear garden incorporating patio, raised decking and lawned areas, consistent with neighbouring properties in the area and attractive to long-term tenants.<br/><br/>The property is currently achieving £470 per calendar month with notice given to increase to £525, with the current tenant in occupation for almost 10 years.<br/><br/>First & Second Floor Maisonette - 3 Bedrooms, 1 Bathroom<br/><br/>The upper flat is arranged over two floors.<br/><br/>First Floor - Living room, kitchen, bathroom and two bedrooms<br/>Second Floor - One further bedroom<br/><br/>The property is currently achieving £825 per calendar month.<br/><br/><strong>For Investors<br/></strong><br/> Freehold building<br/> Two self-contained flats<br/> Current combined rental income: £1,295 per calendar month (£15,540 per annum)<br/> Long-standing tenants in situ<br/> Price reflects condition and scope for improvement<br/><br/>The property offers clear potential to enhance rental income and capital value following a programme of works. With continued demand for rental accommodation in the Liscard and Wallasey area, this presents a practical opportunity for investors seeking both income and long-term growth.<br/><br/><strong>Local Amenities<br/></strong><br/>Kingsway is located within the popular Liscard area of Wallasey, offering a wide range of amenities including shopping facilities, supermarkets, cafés, green spaces and local services. A variety of primary and secondary schools serve the area, along with nearby GP surgeries and pharmacies.<br/><br/><strong>Transport Links<br/></strong><br/>Convenient access to the A554 and Kingsway Tunnel providing direct links to Liverpool<br/>Regular bus services along Kingsway<br/>New Brighton and Wallasey Village train stations offering Merseyrail connections<br/>Approximately 20 minutes to Liverpool city centre<br/><br/><strong>General Information<br/></strong><br/>Address: 21 Kingsway, Wallasey, CH45 4PL<br/>Tenure: Freehold<br/>Council Tax: Band A (per flat, subject to confirmation)<br/>Local Authority: Wirral<br/>EPC (21a Kingsway): Current D (60) Potential C (79)<br/>Total Floor Area (21a): Approx. 80 m²<br/><br/><strong>A substantial freehold investment with immediate income and clear potential to refurbish and reposition. Early viewing is recommended to appreciate the size and opportunity on offer.</strong><br/><br/>Tenure: Freehold
