Latest Valuation
£500,000
ROCE
30%
Selling Agent
Sourced Chester

30% ROCE – Freehold Block of 5 Apartments in Wirral

Located in Wirral, this area boasts its natural beauty with its stunning seascapes and green spaces.
Guide Price
£450,000

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Key Features

  • Location
  • Newly refurbished apartments
  • ROI: 19%
  • ROCE: 30%
  • Spacious living spaces
  • Desirable views over Liverpool City Skyline

The Property

This is an incredible investment opportunity for a block of apartments with a huge ROCE of 30%. The imposing 4-storey freehold property of 5 self-contained apartments comprises spacious living spaces within each apartment and ample off-road parking for 5 vehicles.

Each apartment has split utilities, gas fired central heating, UPVC double glazing with modern kitchen and bathroom fittings throughout.

The property also retains a number of original features including full height picture window shutters, high ceilings and impressively well proportioned rooms.

Planning Information

N/A

The Plan

Currently undergoing major redevelopment and approved planning gain to create a high standard of much needed quality accommodation to local residents.

Construction works are due to complete by October 2020, however, two apartments have been completed and are ready for the rental market.

Purchase price - £450,000
Mortgage LTV - 75% £337,500
SDLT - £13,500 (when purchased through an Ltd company)
Legal fees - £2,000
Deposit - £112,500
Refurbishment - n/a

Sourcing fee: £9000
Total investment required: £136,500

Expected local rent
Apartment 1 - £650 (basement 2 bed)
Apartment 2 - £525 (maisonette)
Apartment 3 - £575 (ground floor 1 bed)
Apartment 4 - £725 (first floor 2 bed)
Apartment 5 - £775 (second floor 2 bed)

Monthly rental income - £3,250
Annual rental income - £39,000

ROI - 19%

*Based on 4% mortgage rates, will vary depending on figures calculated*

The Location

Considered as one of the happiest places to live in the Northwest UK, Wirral boasts its natural beauty with its stunning seascapes and green spaces. Wirral’s diversity hasn’t gone unnoticed as people are fascinated with the atmosphere of beautiful villages, classy wine bars, restaurants, schools, and even traditional real ale pubs.

This rectangular peninsula is situated between the River Dee and the River Mersey, overlooking both the Welsh Hills and the spectacular Liverpool skyline.

Average estimated value for a house in CH62 1EW

£

Why invest in the Wirral.

Major development plans until 2035.

Wirral is supporting growth across the economy and facilitating the opportunities for business to thrive through its ongoing projects until year 2035. Among the many are the following:

Wirral Waters, located in the heart of Birkenhead, is one of the largest regeneration project in the UK (500 acres) and will transform the derelict docks in Birkenhead through a scheme of high density, mixed use, sustainable regeneration development.

The heart of the project is focused on the delivery of a large-scale mixed-use new neighbourhood at East Float. The scheme could ultimately lead to the delivery of up to £4.5 billion of private sector investment over the next 40 years including up to 21,000 jobs.

Maritime Knowledge Hub.

Wirral Council is working with Liverpool John Moores University, Mersey Maritime and the Peel Group in order to develop a Maritime Knowledge Hub at the Hydraulic Tower at Wirral Waters. The hub will provide up to 60,000 sq. ft of business growth space for innovation and knowledge transfer, specialist teaching and training facilities for degree apprenticeships, innovation, and space for school outreach and cultural activities. It will also provide the home for an offshore survival training centre.

The Woodside Development Area is located on the Birkenhead riverfront and has one of the world’s most recognisable and spectacular views - that of the Liverpool Waterfront and the area is recognised to have exceptional re-development potential.

Infrastructure.

The Council working with Peel Group and other partners have developed a comprehensive infrastructure program involving a range of transport initiatives, remediation projects and public realm improvements contributing to sustainable placemaking through a high quality and accessible environment which will support the delivery of residential and commercial developments within Wirral Waters.