Birkenhead, CH43 4XT | Investment Property for Sale | VES-CH43-003

Opportunity to purchase a HMO property in Prenton, Birkenhead generating £31,920 rent pa & 10.6% gross yield

£300,000

HMO Semi-Detached House

VES-CH43-003

INITIAL INVESTMENT

£91,500

Based on

deposit: £75,000

stamp duty: £14,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£31,920

GROSS YIELD

10.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

7 bedrooms

2 bathrooms

0

2,626

Partially Furnished

Please note that this property is also part of a small portfolio listing and the vendor is open to selling the units individually.

Property information

  • HMO licence being renewed for the 4th time
  • The council will supply the certificate imminently, the application was made in July 2022 and no arrangements for site inspections have been called. The property is well-known.
  • HMO licence will permit 7 people/units
  • 7 x bedrooms
  • 2 x shared bathrooms
  • 1 x downstairs WC
  • 1 x shared kitchen/diner
  • Bedroom 4 is not in use as it is too small
  • Both lounge rooms on the ground floor are used as bedrooms
  • Garden to the rear
  • Off-road parking for 2 cars at the front of the property
  • EPC rating D
  • Council tax band B

Rental information

  • Room 1 - £375 pcm
  • Room 2 - £375 pcm
  • Room 3 - £365 pcm
  • Room 4 - £375 pcm
  • Room 5 - £385 pcm
  • Room 6 - £385 pcm
  • Room 7 - £400 pcm
  • Monthly rental income: £2,660
  • Annual rental income: £31,920

Running costs

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

  • Council tax: £110 pcm
  • Gas & electricity: £250 pcm
  • Water: £50 pcm
  • Broadband: £50 pcm
  • Total cost pcm: £460
  • Total cost pa: £5,520

Location information

  • The property is located in Prenton, Birkenhead
  • Birkenhead town centre can be reached in under 10-minute on foot from the property
  • Birkenhead Central railway station is just under 1 mile away
  • Birkenhead Park is a short walk away
  • Easy access to the A552 and wider road network

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.

Osborne Road,

Birkenhead,

Prenton,

Merseyside,

England,

CH43 4XT

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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.

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