Knowsley Road, Bootle, L20

Property Details: - Type: Semi-detached house - Bedrooms: 4 - Bathrooms: 2

Agent: Purplebricks - Covering Liverpool Phone: 0151 382 3312

The Property<br/>228 & 232 Knowsley Road – Investment Property Overview<br/><br/>232 Knowsley Road<br/>During 2020–2021, the property was converted from a ground floor retail unit and 2-bedroom apartment into 4 self-contained studio flats and a utility room. Flats 1 and 2 are located on the ground floor, with Flats 3 and 4 on the first floor.<br/><br/>Flat 1 – Studio flat: 20 sq m<br/>Flat 2 – Studio flat: 15 sq m<br/>Flat 3 – Studio flat: 15 sq m<br/>Flat 4 – Studio flat: 20 sq m<br/><br/>228 Knowsley Road<br/>During the same period, the ground floor retail unit was converted into a 2-bedroom flat, and the upper floor was converted into 3 self-contained studio flats. Flat 2 is arranged as a maisonette.<br/><br/>Flat 1 – 2-bedroom flat: 40 sq m<br/>Flat 2 – Studio flat (maisonette): 21 sq m<br/>Flat 3 – Studio flat: 17 sq m<br/>Flat 4 – Studio flat: 15 sq m<br/><br/>Utilities<br/>Both blocks run entirely on electricity — there is no gas supply to either property. The blocks benefit from 10 separate electricity meters in total. 2 meters serve the landlord's communal areas, supporting the fire alarm system and communal lighting. The remaining 8 meters serve each individual flat separately.<br/><br/>Property Structure & Title<br/>228 and 232 Knowsley Road are two attached but separately arranged blocks, both held under a single title deed. This presents a clean and straightforward acquisition of the entire portfolio under one title, making it an attractive opportunity for investors looking for a multi-unit block without the complexity of multiple titles.<br/><br/>Rental Income<br/>The portfolio currently generates a rental income of £48,000 per annum, providing an established and immediate return for any incoming investor. With 8 individual flats across both blocks, each metered and self-contained, the income stream is well spread across multiple tenancies, reducing void risk.<br/><br/><b>Property ownership information</b><br/><br/>Ground rent review period: No review period<br/><br/>Service charge review period: No review period<br/><br/>Lease end date: 25/03/2896<br/><br/>Property Description Disclaimer<p>This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.</p><p>Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.</p><br/>