£230,000
4 bed semi-detached house for saleKingsway, Wallasey CH45
4 beds
2 baths
2 receptions
- Unfurnished
- Freehold
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About this property
Substantial Freehold Investment – 2 Self-Contained Flats – Kingsway, Wallasey CH45
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.
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.
Accommodation Overview
Ground Floor Flat – 1 Bedroom, 1 Bathroom
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.
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.
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.
Condition: The bedroom previously experienced leaks which have now been remedied. The flat requires redecoration and upgrading, with evidence of damp and mould present in areas.
First & Second Floor Maisonette – 3 Bedrooms, 1 Bathroom
The upper flat is arranged over two floors.
• First Floor – Living room, kitchen, bathroom and two bedrooms
• Second Floor – One further bedroom
The property is currently achieving £825 per calendar month.
Condition: Improvement works are required throughout. There is mould present in several areas, particularly around the top floor window, and ceiling peeling in one bedroom. Modernisation and remedial works are needed.
For Investors
• Freehold building
• Two self-contained flats
• Current combined rental income: £1,295 per calendar month (£15,540 per annum)
• Long-standing tenants in situ
• Refurbishment required throughout
• Price reflects condition and scope for improvement
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.
Local Amenities
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.
Transport Links
• Convenient access to the A554 and Kingsway Tunnel providing direct links to Liverpool
• Regular bus services along Kingsway
• New Brighton and Wallasey Village train stations offering Merseyrail connections
• Approximately 20–25 minutes to Liverpool city centre
Factual Information
Address: 21 Kingsway, Wallasey, CH45 4PL
Tenure: Freehold
Council Tax: Band A (per flat, subject to confirmation)
Local Authority: Wirral
EPC (21a Kingsway): Current D (60) – Potential C (79)
Total Floor Area (21a): Approx. 80 m²
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.
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