Wallasey & Birkenhead | Investment Property for Sale | VES-CH44-003A

Opportunity to purchase a small HMO portfolio generating a 11.5% gross yield in Wallasey & Prenton, Birkenhead

£900,000

3-unit HMO Portfolio

VES-CH44-003A

INITIAL INVESTMENT

£289,500

Based on

deposit: £225,000

stamp duty: £62,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£103,740

GROSS YIELD

11.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

21 bedrooms

7 bathrooms

0

6,684

Partially Furnished

The vendor is open to selling the units individually for which we have separate property listings.

Portfolio information

  • This HMO portfolio is made up of:
    • 1 x 6-bed semi-detached house
    • 1 x 7-bed mid-terraced house
    • 1 x 8-bed semi-detached house
  • All properties are freehold houses
  • There is off-road parking for 2 cars at each property
  • The properties are fully HMO licenced
  • The licence applications on all 3 properties are being renewed
  • The council will supply the certificates imminently, applications were made in July 2022 and no arrangements for site inspections have been called. The properties are well-known.
  • EPC ratings: D
  • Council tax bands: A & B

Rental information

  • The portfolio is fully occupied at the time of listing
  • Aggregate monthly rental income: £8,645
  • Aggregate annual rental income: £103,740
  • Aggregate gross yield: 11.5%

Running costs

The vendor provided us with the running costs for all 3 properties

  • Aggregate monthly running costs: £1,380
  • Aggregate annual running costs: £16,560

Location information

  • One property is located in Prenton, Birkenhead
  • The other two properties are located in Wallasey

Available upon request

  • Portfolio breakdown
  • Breakdown of running costs
  • EPCs for all units

Note

Please note that Vesta has not visited the properties 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 Wallasey and Birkenhead, Merseyside

Wallasey

Wallasey is a town in Merseyside on the mouth of the River Mersey and adjoining the Irish Sea. It lies around 6 miles west of Liverpool and 4 miles north of Birkenhead.

Wallasey comprises of 6 distinct districts and doesn’t have a single Wallasey town centre. The districts are Egremont, Liscard, New Brighton, Poulton, Seacombe and Wallasey Village.

There are a number of important road links such as the Kingsway Tunnel which links Wallasey with the centre of Liverpool and the M53 motorway with begins in Poulton and goes to Chester and the M56 motorway, continuing on to Manchester Airport.

There are three railway stations, Wallasey Village, Wallasey Grove Road and New Brighton. Trains to Liverpool and Birkenhead depart regularly here. A change at Birkenhead North provides access to West Kirby, Liverpool city centre and routes towards Chester and Ellesmere Port.

In the centre of Wallasey is the Cherry Tree Shopping Centre offering several popular high street brands whilst outside of Wallasey is a retail park and a large supermarket in nearby Bidston. Wallasey village and Liscard offer a variety of shops and independent stores including florists, pet shops, arts and crafts shops and others.

For outdoor lovers Central Park in Wallasey offers three formal gardens, large open spaces, nature ponds, a lake a visitor’s centre, children’s playground and sports facilities for bowls, cricket and basketball. Wallasey beach is also popular with dog walkers, kitesurfers and explorers.

Birkenhead

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.

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 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.

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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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