Opportunity to purchase a HMO property in Wallasey generating £29,640 rent pa & gross yield of 10.8%
£275,000
HMO Semi-Detached House
VES-CH44-003
INITIAL INVESTMENT
£83,250
Based on
deposit: £68,750
stamp duty: £12,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£29,640
GROSS YIELD
10.8%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
2 bathrooms
1,787
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 2nd 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 8 people/units
- 6 x bedrooms
- 2 x shared bathrooms
- 1 x shared kitchen/lounge
- Garden to the rear, access via the lounge
- Off-road parking for 2 cars at the front of the property
- EPC rating D
- Council tax band A
Rental information
- Room 1 - £411.67 pcm
- Room 2 - £411.67 pcm
- Room 3 - £411.67 pcm
- Room 4 - £411.67 pcm
- Room 5 - £411.67 pcm
- Room 6 - £411.67 pcm
- Monthly rental income: £2,470
- Annual rental income: £29,640
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 the Liscard ward of Wallasey
- Liscard centre is approximately 0.4 miles from the property
- There is a bus stop near the property with regular services
- Wallasey Village railway station is the nearest station and lies around 1.6 miles from the property
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 Wallasey, Merseyside
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.
Sport activities are provided by the Guinea Gap Recreation Centre which includes a gym, swimming pools, sauna facilities and more as well as Wallasey Golf Club. Ladies only fitness is provided at Hearts Ladies Health Club.
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.
Martins Lane,
Wallasey,
Merseyside,
England,
CH44 1BN
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