Apartment 19, 2 Jackson Street, Garston, Liverpool, Merseyside, L19 2AB

Description

Description Two-Bedroom Apartment | Tenant in Situ | 13.38% Gross Yield | L19 Garston For Sale by Auction – An excellent investment opportunity offering immediate rental income, a reliable tenant in situ, and an attractive gross yield of approximately 13.38% based on the guide price. A well-presented two-bedroom apartment located at 2 Jackson Street, Garston, L19, offered for sale as an ideal buy-to-let investment and sold with a tenant already in occupation. The property currently produces rental income of £8,700 per annum (£725 per calendar month), providing the successful purchaser with an immediate income stream from completion. The existing tenant has a strong payment history and has consistently maintained rental payments, offering confidence and continuity for an investor. Internally, the apartment provides well-proportioned accommodation comprising two bedrooms, a separate fitted kitchen, a bathroom, and a comfortable living area. The property benefits from an EPC rating of C, supporting energy efficiency and continued rental demand. Situated in the popular L19 area of Garston, the apartment is well positioned for local amenities, transport connections, and nearby employment areas, helping maintain strong tenant appeal. With a guide price of £65,000, this property represents an attractive opportunity for both experienced landlords looking to expand their portfolio and first-time investors seeking a high-yielding asset. Tenure Leasehold

Location

Apartment 19, 2 Jackson Street, Garston, Liverpool, Merseyside, L19 2AB

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Income Investment / Buy-to-Let. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Review lease, service charge, ground rent and major works

• Verify planning status, access, services and development constraints

• Review tenancy documents, rent history and landlord compliance

HB initial works allowance: £5,000–£15,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

The auction particulars state current rental income of approximately £8,700 per annum. For initial appraisal only, HB estimates market rent at approximately £800–£975 pcm (£9,600–£11,700 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £70,200–£79,300. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £65,000 plus midpoint works of £10,000 gives about £75,000 before acquisition/finance costs. At the midpoint HB value of £74,750, an illustrative 75% refinance is about £56,062, leaving approximately £18,938 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £74,750 less guide and midpoint works gives an initial gross spread of about £-250. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

• Confirm lease length, ground rent, service charge, major works and lender acceptability

• Verify tenancy agreements, deposits, rent history and landlord compliance

Recommendation

Initial recommendation: Income Investment / Buy-to-Let. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆