Latest Valuation
£400,000
ROCE
%
Location

Reserved

Off-Market 11 bed HMO with Tenants in Situ

Fully licenced and Tenanted Investment
Guide Price
£400,000

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Key Features

  • Fully Tenanted
  • Multiple Units
  • Yield 10.7%
  • Refurbishment Project
  • ROCE 25%
  • HMO Licence

The Property

A fully licenced, tenanted property, generating £4,100 with a huge potential to add value. It's an 11 bed property, consisting of 4 self contained flats, and a cottage in the backyard.

The flats have long established tenants making this a perfect hands-off investment, with tenants in situ. The cottage is on the ground floor with 1 bedroom and is attached to the building.

A property of this type with long established tenants and a refurbishment project is a rare find.

The overall condition of the property would benefit from a refurbishment, this will not only add value but increase your return.

This freehold property generates a great return and has so much potential to reconfigure, potentially split title and improve over a period of time.

Purchase price: £400,000
Income generated: £4,100 pcm
Deposit required: £100,000
Yield: 10.7%
Sourcing fee: 2%

ROCE: 100000/ 4100 = 25%

A cash investment of £100,000 for this property could be paid back within 3 years.

Planning Information

N/A

The Plan

The flats have long established tenants making this a perfect hands-off investment, with tenants in situ.

The cottage is on the ground floor with 1 bedroom and is attached to the building.

The overall condition of the property would benefit from a refurbishment, this will not only add value but increase your return.

Purchase price: £400,000
Income generated: £4,100 pcm
Deposit required: £100,000
Yield: 10.7%
Sourcing fee: 2%

ROCE: 100000/ 4100 = 25%

A cash investment of £100,000 for this property could be paid back within 3 years.

The Location

This central Prenton location is perfect for all usual amenities; the priorities being for schools, for the tunnel and the motorway. All under ten minutes. For Sat Nav: CH42 8LD

Prenton, a suburb of Birkenhead, Is situated on the Wirral Peninsula. The region has an abundance of picturesque villages, sandy beaches and views across two estuaries and Irish Sea. In addition to local amenities, Birkenhead offers a variety of must see attractions and landmarks which include Birkenhead Park (the world’s first public park), Hamilton Square which has the most grade 1 listed buildings

Average estimated value for a house in CH42

£525,000

Acrefield Road has 26 houses and flats on it with an average current value of £91,217, compared to an average property value of £126,051 for CH42.

There have been 3 property sales on Acrefield Road, CH42 over the last 5 years with an average house price paid of £194,000, and a flat was last sold on 10th Dec 2004 for £78,000.