6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Martins Lane, Wallasey, Merseyside, CH44
£230,000

Our Summary

  • The property is in average internal condition with scope to add value through light cosmetic upgrades if desired
  • Excellent Investment Opportunity

Description

This fully let and licensed six-room HMO property in Wallasey, Wirral, is an established income-producing asset with a gross yield of 10.78%. The property is well-maintained and has longstanding tenants, with minimal void periods and no management fees. With a purchase price of £250,000, the property generates a monthly net income of £1,761 and has a net yield of 8.45%. The property is located in a convenient residential area, close to local amenities and with excellent transport links to Liverpool City Centre. The property has a practical shared-living arrangement with generous communal space, ideal for long-term tenants, and is available for purchase by non-chain buyers.