Birkenhead, CH42 0JA | Investment Property for Sale | VES-CH42-002

Opportunity to purchase a HMO property in Birkenhead with the potential to generate a gross yield of 10.8%

£250,000

HMO Terraced House

VES-CH42-002

INITIAL INVESTMENT

£75,000

Based on

deposit: £62,500

stamp duty: £10,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£27,040

GROSS YIELD

10.8%

ADD TO FAVOURITES

The property

TENANCY

Vacant

TENURE

Freehold

5 bedrooms

5 bathrooms

0

1,196

Fully Furnished

Property information

  • Property is currently undergoing full refurbishment and works are expected to complete on 20 August 2021
  • The schedule of works can be provided upon request
  • HMO licence is required by the council
  • Spread over 2 floors
  • All bedrooms come with ensuite bathrooms
  • Shared kitchen
  • EPC rating: tbc, following completion of works
  • The property will be professionally managed

Rental information

Once fully let the following rents are expected to be achieved per room:

  • Room 1 - £476.67 pcm
  • Room 2 - £476.67 pcm
  • Room 3 - £433.33 pcm
  • Room 4 - £433.33 pcm
  • Room 5 - £433.33 pcm
  • Total monthly rental income: £2,253.33
  • Total annual rental income: £27,040

Running costs

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

  • Council tax: £1,076.71 pa
  • Gas bill: £600 pa
  • Electricity bill: £600 pa
  • Water bill: £500 pa
  • Internet: £400 pa
  • Total cost pa: £3,176.71
  • Total cost pcm: £264.73

Location information

  • The property is located in the Tranmere area of Birkenhead
  • Birkenhead city centre is less than 1mile from the property and can easily be reached on foot in under 20 minutes
  • There is a bus stop less than 1-minute's walk away
  • Easy access to the M53 via the A552

Note

Please note that the pictures are not of the actual property but represent a previously completed property from the same vendor. They are for illustrative purposes only and to show the level of quality this property will be finished. The floorplan does represent this property.

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

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.

Laurel Road,

Birkenhead,

Merseyside,

England,

CH42 0JA

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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