HMO

9 Bedroom HMO Producing £72,000 PA

Rossett Street, Liverpool, L6 4AW

Property Information

9 Bedroom HMO Producing £72,000 PA

Rossett Street, Liverpool, L6 4AW

Purchase Price = £570,000

Finder’s Fee = £7,500

CASHFLOW AFTER ALL THE ABOVE COSTS 

Managed = £2,779 pcm = £33,348 per annum

Self Managed = £3,499 pcm = £41,988 per annum

Property Description

For a limited time only, we have managed to secure an income producing nine bedroom HMO within proximity to Liverpool City Centre.

  • The property is currently rented and achieving a total of £6,000 pcm = £72,00 per annum

The property briefly comprises:

  • 9 Bedrooms HMO
  • 7 Bathrooms
  • Kitchen
  • Rear garden space

The property is conveniently situated in a perfect location within proximity to excellent transport connections, primary schools, local shops, and all the local amenities.

Location

The property is within proximity to:

  • 2.0 miles – Edge Hill Station
  • 2.5 miles – Wavertree Technology Park Station
  • 2.1 miles – University Of Liverpool
  • 2.1 miles – Royal Liverpool University Hospital
  • 3.0 miles – Liverpool ONE Shopping Centre
  • 3.4 miles – Liverpool City Centre

Rental

  • The property is currently rented and achieving a total of £6,000 per month

Current Gross Income = £6,000 pcm = £72,000 per annum

The Vision

  • To purchase the property for £570,000 and enjoy great cashflow.
  • Potential to refinance based on a commercial valuation allowing you to pull out a large majority of your initial capital.

Cashflow Forecast

  • Current Rental Income = £6,000 pcm = £72,000 per annum

Cost To Consider

  • Mortgage Cost = £1,781 pcm
  • Bills and Utilities = £720 pcm
  • Management @ 10% + Vat = £720 pcm

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £2,779 pcm = £33,348 per annum

Self Managed = £3,499 pcm = £41,988 per annum

Capital Required To Get Involved

  • Purchase Price = £570,000
  • Deposit @ 25% = £142,500
  • Legals = £5,700
  • Stamp Duty = £33,100
  • Finder’s Fee = £7,500

Total Capital Required = £200,200

The Return On Investment based on an investment of £200,200

Managed = 17%

Self Managed = 21% 

We are in contact with a local letting agency within this location who would be able to manage the property. 

Next Steps

  1. Reserve
  2. View
  3. Proceed

Disclaimer - IMPORTANT NOTE TO PURCHASERS:

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Liverpool, L6 4AW
Investment

£570,000

Purchase Price

£3,499

Cashflow PCM

21%

Return On Investment

£7,500

Finders Fees