Birkenhead, CH42 0HN | Investment Property for Sale | VES-CH42-003

High quality, completely refurbished HMO property in Birkenhead generating a gross yield of 10.6%

£275,000

HMO Terraced House

VES-CH42-003

INITIAL INVESTMENT

£83,250

Based on

deposit: £68,750

stamp duty: £12,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£29,100

GROSS YIELD

10.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

4 bathrooms

0

1,270

Fully Furnished

Property information

  • Fully HMO licenced
  • The property was extensively refurbished, see details below
  • Spread over 3 floors
  • 5 x double bedrooms
  • 3 of the bedrooms come with an ensuite shower room
  • The other 2 rooms share the use of a communal bathroom
  • Generous shared kitchen & dining room
  • Communal rear garden, accessed via the dining area
  • EPC rating C
  • Council tax band A

Refurbishment information

The refurbishment works included:

  • New dormer loft extension
  • Repairs to roofing, guttering and repointing throughout
  • Reconstruction of existing rear extension including new roof
  • Complete rewiring & replumbing throughout
  • Installation of new and refurbishment of existing shower rooms
  • Installation of new kitchen & white goods
  • Installation of electric smart meters
  • New flooring throughout
  • New internal doors, ironmongery, skirtings and architraves

Rental information

  • Room 1 - £460 pcm
  • Room 2 - £435 pcm
  • Room 3 - £490 pcm
  • Room 4 - £520 pcm
  • Room 5 - £520 pcm
  • Monthly rental income: £2,425
  • Annual rental income: £29,100

Running costs

The vendor provided us with the following running costs of the property:

  • Council tax: £114.16 pcm
  • Gas & electricity: £210.83 pcm
  • Water: £27.91 pcm
  • Broadband: £33.33 pcm
  • Cleaner: £62.50 pcm
  • Total cost pcm: £448.73
  • Total cost pa: £5,384.76

Location information

  • The property is located just outside the town centre of Birkenhead
  • The town centre is 0.3 miles from the property and can be easily reached on foot
  • Birkenhead Central railway station is 0.6 miles from the property
  • Easy access to the A552

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Birkenhead, Merseyside

Birkenhead is a town in Borough of Wirral, Merseyside. Located on the Wirral Peninsula, along the west bank of the River Mersey, within 10 minutes of Liverpool and close to Cheshire, North Wales and Greater Manchester.

At the 2011 census, it had a population of 88,818. More than 3 million people live inside a 45 minute peak-time commute area that employers recruit from, and around 7 million live within an hour. Close to 832,000 residents in this area are of working age.

Manufacturing employment is a strong component of the workforce profile, with proportionately more residents working in various manufacturing activities than in the region or across England as a whole. Firms include JLR, GM and Airbus.

More than a thousand offshore wind turbines are planned for the Irish Sea and Wirral is fast-becoming the main hub on the west coast of the country, for manufacturing, operations and maintenance. Cammell Laird, DONG Energy, Siemens and RWE are all active here.

Wirral is also a key location for Unilever's operations. Port Sunlight is home to its largest European manufacturing site, producing well-known laundry and homecare. Wirral is also home to one of Unilever's six global research and development centres, driving innovation in household brands.

Wirral provides a wide choice of education including several independent and grammar schools and a metropolitan college. The area is also located closely to several world-class universitesi in Liverpool and Manchester.

Wirral is highly connected for local businesses; all adjacent to the motorway network, putting you just a few minutes from Liverpool, Manchester in less than an hour and Birmingham in under two. Liverpool is one of the few cities outside London to have its own underground and commuter railway known as Merseyrail offering fast access around the city centre and to the Wirral, Southport and Chester amongst other places.

Fast trains to London take just over two hours from Chester and Liverpool. Two airports also connect the area – Liverpool John Lennon and Manchester with flights to more than 200 international destinations and a major air freight hub less than an hour’s drive away.

Raffles Road,

Birkenhead,

Merseyside,

England,

CH42 0HN

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