House For Sale £300,000
This is an investment opportunity to purchase an HMO property in Prenton, Birkenhead generating £31,920 rent pa & 10.6% gross yield.
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.
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.
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