6 Bed HMO, Liverpool, L6 6DD, £275,000

11 Channell Road, Liverpool, Merseyside, L6 6DD - 5 views - 7 months ago

Sold STC
HMO
ROI: 6%
~82 m²
+6 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Room Rate

£394

Gross Rent

£2,364

Running Costs/mo

£1,995

Cashflow/mo

£369

Cashflow/yr

£4,423

ROI

6%

Gross Yield

10%

Local Sold Prices

23 sold prices from £70K to £635K, average is £275K. £476/m² to £3.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£370K05/230.23 mi5, Balmoral Road, Fairfield, Liverpool, Merseyside L6 8NB6
£265K10/200.5 mi98, Edinburgh Road, Kensington, Liverpool, Merseyside L7 8RF6
£110K03/210.54 mi2, Ellel Grove, Liverpool, Merseyside L6 4AB6
£100K05/210.59 mi63, Lorne Street, Liverpool, Merseyside L7 0JP6
£300K09/230.64 mi53, Hall Lane, Kensington, Liverpool, Merseyside L7 8TE6
£162.5K02/210.65 mi103, Newsham Drive, Liverpool, Merseyside L6 7UH6
£277K09/200.9 mi19, Sidney Place, Liverpool, Merseyside L7 3QR6
£275K10/210.95 mi24, Marlborough Road, Tuebrook, Liverpool, Merseyside L13 8AX6
£142K11/221.01 mi22, Salisbury Road, Wavertree, Liverpool, Merseyside L15 1HN6
£250K03/231.09 mi11, Sandringham Road, Tuebrook, Liverpool, Merseyside L13 8BX6
£340K06/211.15 mi40, Tynwald Hill, Liverpool, Merseyside L13 7DP6
£340K06/211.15 mi40, Tynwald Hill, Liverpool, Merseyside L13 7DP6
£70K12/201.2 mi18, Danube Street, Liverpool, Merseyside L8 0QR6
£70K12/201.2 mi18, Danube Street, Liverpool, Merseyside L8 0QR6
£130K02/211.37 mi22, Portman Road, Liverpool, Merseyside L15 2HJ6
£354K04/231.52 mi91, Hartington Road, Toxteth, Liverpool, Merseyside L8 0SE6
£610K03/231.55 mi5, South Drive, Wavertree, Liverpool, Merseyside L15 8JJ6
£231K11/211.58 mi70, Fern Grove, Liverpool, Merseyside L8 0RZ6
£231K11/211.58 mi70, Fern Grove, Liverpool, Merseyside L8 0RZ6
£635K07/221.6 mi37, Bentley Road, Liverpool, Merseyside L8 0SY6
£475K05/221.6 mi19, Bentley Road, Liverpool, Merseyside L8 0SY6
£480.5K04/211.69 mi22, Lancaster Avenue, Sefton Park, Liverpool, Merseyside L17 3AZ6
£325K04/231.73 mi39, Gresford Avenue, Wavertree, Liverpool, Merseyside L17 2AN6

Property History

Listed for £275,000

August 9, 2024

Sold for £64,000

2007

Floor Plans

Description

  • High Rental Income: Generates an impressive annual income of £28,368 with a gross yield of 10.32% and a net yield of 6.07%. +
  • Prime Student Location: Situated in Fairfield, a vibrant student hub close to major universities, ensuring high demand. +
  • Expert Management: Managed by a local student housing specialist, providing hassle-free operations and high tenant satisfaction. +
  • Proximity to Amenities: Close to shops, cafes, public transport, and major retail parks, offering convenience for tenants. +
  • Article 4 Area: Located in an Article 4 area, adding value due to reduced competition and higher demand for compliant properties. +
  • Strong Tenant Demand: Consistently attracts long-standing tenants, ensuring steady rental income and minimal vacancy rates. +
  • Liverpool's Economic Growth: Benefits from the city's robust economy, significant regeneration projects, and diverse employment opportunities. +
  • Excellent Transport Links: Easy access to Liverpool's transport network, enhancing appeal for students and professionals. +

HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.

Introducing 11 Channell Road, a prime 6-bed student HMO located in the vibrant student hub of Fairfield, Liverpool. This property generates an impressive annual income of £28,368, yielding an attractive gross yield of over 10%. Situated in an Article 4 area, the property is expertly managed by a local student housing specialist, ensuring a hassle-free investment and a steady flow of tenants.

The property's location in Fairfield offers students convenient access to Liverpool's universities and a wealth of local amenities, including shops, cafes, and public transport links. Well-maintained and thoughtfully managed, 11 Channell Road stands out as an excellent investment opportunity, providing strong returns and high demand in a thriving student community.

Income Breakdown (Monthly):

Room 1: £394.00
Room 2: £394.00
Room 3: £394.00
Room 4: £394.00
Room 5: £394.00
Room 6: £394.00

Total Monthly Income: £2,364.00

Annual Income: £28,368.00

Expenditure Breakdown (Monthly):

Gas: £182.41
Electric: £158.83
Water: £40.39
Council Tax: £0.00 (not applicable)
TV License: £13.25
Broadband: £37.20
Cleaner: £318.00
Management: £222.58

Total Monthly Expenditure: £972.66

Annual Expenditure: £11,671.92

Net Annual Income: £16,696.08 (calculated as Total Income - Total Expenditure)

Gross Yield: 10.32% (calculated as Annual Income / Purchase Price)

Net Yield: 6.07% (calculated as Net Annual Income / Purchase Price)

Commentary:

The room rates and expenditure figures are based on current data. The property's financial performance indicates a gross yield of 10.32% and a net yield of 6.07%, reflecting its potential as a valuable investment. The property benefits from council tax exemption due to its tenant type. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.

Agent Details

HMO Sales Expert, Bournemouth

01746 335360

Next Steps?

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