Mellor Road, Birkenhead, CH42

Details

CIRCA 8% NET YIELD! Ideal Buy To Let Investment Opportunity!

Mr Investa are pleased to present this spacious, well presented and fully furnished HMO property currently licensed as a 5 bed, with the potential for additional income as a 6 or 7 bed (subject to license approval).

Ideal location with Birkenhead Town Centre only 2 miles away and Liverpool City Centre less than 5 miles away. Supermarkets and other local amenities easily accessible and very close by.

This is a substantial property over two floors which is currently licensed as a 5 bedroom HMO and generating a good income. There are a further 2 rooms which could be used as bedrooms, subject to licensing.

Communal areas include; fitted kitchen, bathroom and downstairs WC.

Outside there is a small front garden and to the rear there is a generous back yard with a brick-built outhouse.

Financial Performance Current Rental Income: £19,500 per annum Utilities: £5,500 per annum approx.

NET Income: £14,000 per annum NET Yield: 7.8%

*As a 7 bed HMO, the estimated rental income is £26,700 per annum.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.