Liverpool HMO Houses
Liverpool
Location9.8%
NET YieldYes
Tenanted
HMO Houses Liverpool
Fresh Invest is delighted to release just one individual high spec, fully furnished HMO House located in Liverpool..
- 6 Bed HMO Houses
- Fully Tenanted
- Annual NET Yield of 9.8%
- Full Furniture Pack Included
- Superb Commuter Location
- Opportunity to Invest in a “Northern Powerhouse”
- Prices at just £220,000
More Information
THE INVESTMENT
An opportunity to purchase a full “turn key” investment solution where the refurbishment, tenancy and management is all taken care of.
Sourcing, Purchasing, Converting and Managing an HMO is a laborious project and one which should only be undertaken by professionals. By working with our investors we have structured an investment in high yielding HMO houses in significant growth areas.
This particular HMO will be sold fully tenanted and refurbished with a full furniture pack included.
The tenants in this property will all be students and have signed up for a 48 week agreement paid in stages with guarantors in place.
THE AREA
Kensington or “Kenny” as it’s known to the locals sits within great proximity to the city centre. The subject property is just 1.2 miles from the main University of Liverpool campus and 0.7 miles from the Royal Liverpool University Hospital.
Kensington lies just on the easter fringes of the city centre and as such is due to benefit from the huge investment into the “Knowledge Quarter”. This is a scheme to transform the area around the Royal Liverpool University Hospital and the hospital itself. Investment will top £1 billion when all is finished.
Hannan Road is just a 15-minute walk from the new hospital and a 20 minute walk from the university of Liverpool campus. The city centre is an easy walk too it is just 1.6 miles from Hannan Road to Liverpool Central station.
There are also a range of small shops and convenience stores on Kensington Road at the bottom of the street. this is great for students to get their everyday essentials.
THE FINANCIALS
- Purchase Price – 220,000
- Average Monthly Rent/Room – £373
- Total Average Monthly Rent – £2,240
- Gross Income Per Annum – £26,880
- Costs Per Annum – £5,338
- NET Income – £21,542
- Gross Yield – £12.2%
- NET Yield – 9.8%
RETURN ON CAPITAL
- Mortgage (75% LTV) – £165,000
- Deposit – £55,000
- *Mortgage cost (3.84%) – £6,336 pa
- Net Rental Return – £21,542
- Net Return after Mortgage – £15,206
- Net Return on Capital – 27.6%
*Mortgage example calculated using a Paragon 5 year fixed rate mortgage at 3.84% interest only