Amazing 6 Bed HMO For Sale | Agent HMO

Amazing 6 Bed HMO

North Road, Birkenhead CH42

REF 937

  • INVESTMENT

    £295,000

  • GROSS YIELD

    10.62%

  • ANNUAL RENT

    £31,320

Amazing 6 Bed HMO For Sale
Under Offer
  • INVESTMENT

    £295,000

  • GROSS YIELD

    10.62%

  • ANNUAL RENT

    £31,320

  • REF

    937

DESCRIPTION

This is a fantastic opportunity to buy a newly refurbed HMO with further potential.

The current owner has owned the property since 2015, putting £150,000 into a full refurbishment. The whole property has been upgraded to a very high standard which means no work is required for an incoming buyer.

This property comes managed by a local agent and is currently fully let with professional tenants.

Generating £31,320 per annum giving a generous 10.6% gross yield.

The property has eight bedrooms but is currently licensed for 6. With planning permission this could be increased to 8 rooms increasing your annual turnover to £41,640 with a 14.1% gross yield.

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Features

  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Good Transport Links
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FINANCIALS

  • Investment £295,000
  • Gross Annual Rent £31,320
  • Gross Monthly Rent £2,610
  • Gross Yield 10.62%
  • Net Monthly Rent £2,021
  • Net Yield 8.22%
  • Min 25% Deposit Requirement £73,750
  • Monthly Mortgage Payment* £461
  • Monthly Cashflow £1,560

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit £2,000

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is £2000 then the balance due on completion is £293,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage Single
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 4
  • Heating Gas Central Heating
  • EPC Rating 64D
  • Size 2185 ft²
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 2
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 3
  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage Single
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 4
  • Heating Gas Central Heating
  • EPC Rating 64D
  • Size 2185 ft²
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 2
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 3
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Photos

Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
Amazing 6 Bed HMO For Sale
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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • 100%
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100%
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Unit 1
  • £430
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £430
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £430
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £430
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £395
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £495
  • Let
  • Double Room / Ensuite
  • Total £2610
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Costs

  • Gas £150
  • Water £53
  • Wifi £50
  • Electric £100
  • Cleaner £40
  • TV Licence £13
  • Insurance £48
  • Council Tax £135
  • Gas £150
  • Water £53
  • Wifi £50
  • Electric £100
  • Cleaner £40
  • TV Licence £13
  • Insurance £48
  • Council Tax £135
  • Total £589
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2022-07-16
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £680
  • Units of Accomodation 6
  • HMO License Required Yes
  • HMO License Expiry 2022-07-16
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £680
  • Units of Accomodation 6
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £313

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FLOOR PLAN

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LOCATION

North Road, Birkenhead, CH42 7JQ, United Kingdom

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BROCHURE

Download the investment brochure
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This property is currently under offer, but make sure you leave your details incase anything changes.
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