HMO Terraced House
stamp duty: £30,000
mortgage fees: £1,500
conveyancing fees: £1,000
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.
1 reception room
As the tenancy agreement is an FRI lease there are no running costs to bear for the landlord. The net rental yield is the same as the gross rental yield.
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
£36,036 p.a. / £3,003 pcm
TENANCY AGREEMENT STARTED
25 months ago
TENANCY AGREEMENT ENDS
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.
Liverpool is a city in the county of Merseyside in North West England. This city is situated 34.3 miles west of Manchester and 72 miles south west of Leeds.
The primary station servicing this city is Liverpool Lime Street railway station which is the terminus station on a branch of the West Coast Main Line from London Euston and is managed by Network Rail. There are five train operating companies that run services from this station. East Midland Trains operates an hourly service to Norwich via Warrington Central, Manchester Piccadilly, Sheffield and Nottingham. TransPennine Express operates an hourly service to Newcastle via Manchester Victoria and York, as well as an additional service to Scarborough. London Northwestern Railway operates a half hourly service to Birmingham New Street via Crewe and Wolverhampton. Northern is the main operating company and runs several services such as; a half hourly service to Manchester Oxford Road, an hourly service to Manchester Airport via Warrington Central, an hourly service to Blackpool North, half hourly service to Wigan North Western, an hourly service to Crewe and an hourly service to Warrington Bank Quay. Finally, Virgin Trains operate an hourly service to London Euston.
The city centre there is a wonderful selection of retail, dining and entertainment options. Liverpool ONE is the main shopping centre in this city, it features an open-air shopping experience with over 170 stores and boutiques, including all of the nation’s favourite high street and designer names. Liverpool ONE also houses over 35 restaurants and bars for when one needs a well-deserved break from shopping. This shopping district extends around Liverpool ONE on to Paradise Street and Peter’s Lane which is home to several luxury brands and much more. This city centre is packed with cultural attractions along the waterfront such as the Titanic memorial, Tate Liverpool, Echo Arena and several other entertainment venues.
Liverpool’s economy is one of the two core economies within the North West of England. Liverpool’s economy is heavily dominated by the public and private service sector industries. For over the last decade 60% of jobs in the city have been in public administration, education, health, banking, finance and insurance sectors. Liverpool has also seen a substantial increase in tourism in recent years which has had a significant impact on the local economy, in turn this has caused an increase in hospitality jobs. Some of the best companies to work for in Liverpool are Curtins, Shop direct, Boodles, Matalan and Mando.
There are three main universities in Liverpool; the University of Liverpool, Liverpool John Moores University and London Hope University. This city could be ideal for young families also and has several schooling options for children of all ages. The highest performing secondary school in the city is The Liverpool Blue Coat School, other notable schools include Liverpool College and St Edward’s College. For those looking for educational options for their younger children there is, Holy Cross Catholic Primary School, Whitefield Primary School and Smithdown Primary School.
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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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