Birkenhead, CH42 3XQ | Investment Property for Sale | VES-CH42-321

3-bed semi-detached buy-to-let property with long term tenant situated in Birkenhead 5m from Liverpool

£129,000

Semi-Detached House

VES-CH42-321

INITIAL INVESTMENT

£58,950

GROSS RENT / YIELD

£7,440 / 5.8%

NET RENT / YIELD

£5,714 / 4.4%

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Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

2 reception rooms

759

Unfurnished

Ideal turnkey buy-to-let opportunity situated in Birkenhead about 5m of Liverpool centre, with good access to the M62 and M56 via the M53, is ideally located for families, with great access to educational, entertainment and leisure facilities.

  • Long term tenacy - family have been living in the property for > 5 years (currently on a rolling contract)

  • Property has had a single storey extension to the rear, separate lounge, dining room and kitchen with built-in understairs storage.

  • Gas central heating and kitchen hob, with under-built iven and overhead extractor.

  • Two double bedrooms, master boasts built-in wardrobes, and one smaller sized bedroom.

  • Property is ideal for families with many educational institutions and nurseries nearby such as the Mersey Park Primary School, Rock Ferry Primary and Wirral Grammar School for Boys to name but three.

  • Within walking distance of town centre, boasting High Street retail, local shops, a retail centre , cinema, Glad Stone Theatre , leisure centres and many entertainment venues.

  • The closest train station is Rock Ferry which is a 5 mins walk services to Liverpool, Ellesmere Port and Chester. There is a bus stop within walking distance of the property.

Tenancy

RENT

£7,440 p.a. / £620 pcm

TENANCY DEPOSIT

£600

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 4 years ago

TENANCY AGREEMENT ENDS

Periodic

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£7,440

Equivalent of £620 per calendar month (PCM).

GROSS RENTAL YIELD

5.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,714

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,726

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

Old Chester Road,

Birkenhead,

Merseyside,

England,

CH42 3XQ

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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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