A three-bedroom terrace in Bootle is currently one of the cheapest houses for sale in Merseyside.

The Miranda Road home is described as being an ‘investment opportunity’ for those who purchase it as it’s in a ‘popular rental location’.

But the Bootle property could also make a brilliant first home - boasting three bedrooms.

Once refurbished, estate agents James Kristian think the owners could get in the region of £6,600 a year if they wish to rent it out and become tenants.

Three bedroom terrace on Miranda Road, Bootle on the market for £50,000

The property is rare in that most houses for that price on the current market are up for auction, with £50,000 as starting price.

However this home is looking for a sale so, unless offers go over the asking price, it shouldn’t go up too much in cost.

It’s currently one of the cheapest three-bedroom houses on the market on Rightmove (apartments and flat can also be found for £50,000).

Three bedroom terrace on Miranda Road, Bootle on the market for £50,000

The listing reads: "James Kristian are pleased to offer for sale this three bedroom mid terrace house located in a popular residential area of Bootle, L20."

It adds: "The property additionally benefits from uPVC double glazing and gas central heating.

"The property does require a refurbishment program which has been reflected in the asking price.

Three bedroom terrace on Miranda Road, Bootle on the market for £50,000

"Once refurbished, the property will be popular with tenants and could achieve in the region of £6,600 per annum."

According to Rightmove market information, similar properties in the area, that are also three bedroom terraced houses, are currently for sale for more than twice the amount.

Comparable houses are up for sale on Hertford Road, just 0.2 miles away, for £149,950.

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While 0.3 mile away, there’s a home on the market for £95,000 on Sidney Road, £85,000 on Kings Road and £85,000 on Clare Road.

In the last two years, homes that have been sold within 0.1miles have gone for £62,000 on Benedict Street, £55,000 and £58,000 on Olivia Street and £35,000 on Miranda Road.

To view more information or images of the home and area, visit Rightmove here.

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