Mags Property says ..

Property Oracle says ..

This property is a freehold block of nine units in Bootle, Merseyside, comprising seven apartments and two commercial spaces. The listing highlights a current annual rental income of £51,025, representing a strong yield of 8.9%. The location on Linacre Lane offers proximity to Bootle New Strand train station, improving accessibility. Several primary schools are nearby, although their Ofsted ratings vary. The provided photographs reveal a mixed condition; the internal spaces show some wear and tear, suggesting the need for repairs and modernisation. While the property appears habitable, the finishes and overall presentation aren’t of high quality. The lack of external space or plot size is a significant drawback. In terms of pricing, while the list price of £575,000 may seem high compared to other terraced houses in the immediate area, the rental income potential significantly influences the valuation for a potential investor. A prospective buyer would need to thoroughly assess the property’s condition and rental market to make an informed decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images