Wallasey, CH44 6PW | Investment Property for Sale | VES-CH44-002

Opportunity to purchase a HMO property in Wallasey generating £36,180 rent pa & gross yield of 10.3%

£350,000

HMO Terraced House

VES-CH44-002

INITIAL INVESTMENT

£108,000

Based on

deposit: £87,500

stamp duty: £18,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£36,180

GROSS YIELD

10.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

8 bedrooms

2 bathrooms

0

2,271

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 3rd 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
  • The ground floor comprises:
    • 3 x large double bedrooms
    • 1 x WC/shower
    • 1 x large kitchen
  • The first floor comprises:
    • 3 x large double bedrooms
    • 1 x bathroom with freestanding bath and WC
  • The second floor comprises:
    • 1 x large double bedroom
    • 1 x standard double bedroom
  • Off-road parking for 2 cars at the front of the property
  • EPC rating D
  • Council tax band A

Rental information

  • Room 1 - £385 pcm
  • Room 2 - £385 pcm
  • Room 3 - £385 pcm
  • Room 4 - £385 pcm
  • Room 5 - £365 pcm
  • Room 6 - £385 pcm
  • Room 7 - £385 pcm
  • Room 8 - £340 pcm
  • Monthly rental income: £3,015
  • Annual rental income: £36,180

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 Seacombe ward of Wallasey
  • Wallasey centre is approximately 2.3 miles from the property
  • There are bus stops near the property with regular services to Wallasey centre and the beach
  • Wallasey Village railway station is the nearest station and lies around 2.3 miles north-west of the property
  • There are a number of local amenities a short walk from the property

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

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.

Brougham Road,

Wallasey,

Merseyside,

England,

CH44 6PW

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.