10 Bed HMO, Neston, CH64 3RA £400,000

42-44, Liverpool Road, Neston, Cheshire, CH64 3RA - 103 views - a year ago
HMO
Outside Article 4
ROI: 21%
~188 m²
Property image

ValuationUndervalued

Sold Prices£220K - £880K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

~188.40 m²
Price/m²£2.1K/m²

Value Estimate

£480,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Room Rate

£585

Gross Rent

£5,850

Running Costs/mo

£3,532

Cashflow/mo

£2,318

Cashflow/yr

£27,816

ROI

21%

Gross Yield

18%

Local Sold Prices

50 sold prices from £220K to £880K, average is £377.5K. £1.7K/m² to £5.2K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£355K06/210.18 mi46, Parkgate Road, Neston, Cheshire West And Chester CH64 6QG4
£460K09/220.19 mi6, Cookes Close, Neston, Cheshire West And Chester CH64 3TL4
£285K11/220.2 mi11, Highfield Close, Neston, Cheshire West And Chester CH64 9XD4
£220K03/250.21 mi17, Olive Road, Neston, Cheshire West And Chester CH64 9PL4
£220K03/250.21 mi17, Olive Road, Neston CH64 9PL4
£280K02/230.22 mi19, Mill Croft, Neston, Cheshire West And Chester CH64 3TN4
£410K11/240.24 mi23 Iona, Blackeys Lane, Neston CH64 9XA4
£650K05/230.27 mi9, Woodlands Road, Parkgate, Neston, Cheshire West And Chester CH64 6RT4
£368K02/250.27 mi5, New Heyes, Neston CH64 3TP4
£280K08/230.28 mi25, Hinderton Road, Neston, Cheshire West And Chester CH64 9PE4
£565K07/230.29 mi42, Leighton Road, Neston, Cheshire West And Chester CH64 3SE4
£880K09/210.3 mi33, Earle Drive, Parkgate, Neston, Cheshire West And Chester CH64 6RY4
£712.5K06/210.3 mi31, Earle Drive, Parkgate, Neston, Cheshire West And Chester CH64 6RY4
£375K05/230.33 mi3, New Heyes, Neston, Cheshire West And Chester CH64 3TP4
£555K09/210.35 mi3, Hinderton Green, Neston, Cheshire West And Chester CH64 9PS4
£345K12/240.36 mi52, Millfield, Neston CH64 3TF4
£295K06/210.36 miClanswood, Church Lane, Neston, Cheshire West And Chester CH64 9UT4
£400K12/240.37 mi56, Millfield, Neston CH64 3TF4
£245K06/210.37 mi18, Reins Croft, Neston, Cheshire CH64 3TR4
£585K02/250.38 mi20, Boundary Park, Neston CH64 6TN4
£345K01/250.39 mi64, Millfield, Neston CH64 3TF4
£530K06/230.39 mi2, Leighton Chase, Neston, Cheshire West And Chester CH64 3UN4
£227K05/230.41 mi39, Station Road, Neston, Cheshire West And Chester CH64 9QJ4
£506K10/220.42 miStable Cotage, Old Quay Lane, Parkgate, Neston, Cheshire West And Chester CH64 6QR4
£660K09/210.43 mi65, Leighton Road, Neston, Cheshire CH64 3SG4
£415K01/230.46 miOakleigh, Hinderton Road, Neston, Cheshire West And Chester CH64 9PN4
£325K11/220.47 mi1, Bushell Close, Neston, Cheshire West And Chester CH64 9QD4
£380K10/220.47 mi3, Flint Drive, Neston, Cheshire West And Chester CH64 9XU4
£226.5K03/230.5 mi1, Landseer Avenue, Little Neston, Neston, Cheshire West And Chester CH64 9RL4
£220K07/210.55 mi10, Meadow Close, Neston, Cheshire CH64 9SH4
£220K03/250.55 mi29, West Drive, Neston CH64 0SA4
£220K03/250.55 mi29, West Drive, Neston CH64 0SA4
£360K06/210.57 mi23, Bendee Road, Little Neston, Neston, Cheshire CH64 9QQ4
£678.7K09/220.58 mi2, The Anchorage, Parkgate, Neston, Cheshire West And Chester CH64 6TS4
£325K06/210.6 mi28, Bendee Road, Little Neston, Neston, Cheshire West And Chester CH64 9QG4
£340K11/240.6 mi13, Burton Road, Little Neston, Neston, Cheshire West And Chester CH64 9RF4
£405K11/220.62 mi57, Springcroft, Parkgate, Neston, Cheshire West And Chester CH64 6SF4
£442.5K09/240.63 mi21, George Drive, Parkgate, Neston CH64 6UE4
£472.5K05/230.63 mi34, Grenfell Park, Parkgate, Neston, Cheshire West And Chester CH64 6TT4
£795K06/210.65 miFar End, South Parade, Parkgate, Neston, Cheshire West And Chester CH64 6QL4
£319K07/250.76 mi5, Hampton Close, Neston CH64 0TN4
£385K09/220.79 mi1, Hampton Crescent, Neston, Cheshire West And Chester CH64 0TW4
£710K10/240.86 mi3 Malindi Lodge, Glenton Park, Little Neston, Neston CH64 4EZ4
£390K11/240.86 mi10, Carlton Close, Parkgate, Neston CH64 6TD4
£265K10/240.87 mi29, Riverside Walk, Neston, Cheshire West And Chester CH64 0TT4
£658K02/230.87 mi19, Moorings Close, Parkgate, Neston, Cheshire West And Chester CH64 6TL4
£255K05/210.88 mi68, Marshlands Road, Little Neston, Neston, Cheshire CH64 0SW4
£300K10/220.89 mi54, Marshlands Road, Little Neston, Neston, Cheshire West And Chester CH64 0SW4
£800K03/250.89 miFar Hills, Woodfall Lane, Little Neston, Neston CH64 4BT4
£410K06/250.9 mi31, Bevyl Road, Parkgate, Neston CH64 6RP4

Local Area Statistics

Population in CH64

19,025

Town centre distance

0.45 miles away

Nearest school

0.40 miles away

Nearest train station

0.02 miles away

 

 

Rental growth (12m)

-20%

Sales demand

Buyer's market

Capital growth (5yrs)

+23%

Property History

Price changed to £400,000

June 12, 2025

Listed for £425,000

November 5, 2024

Floor Plans

Property image

Description

  • Exciting Investment Opportunity +
  • HMO Inc 10 Rooms and 1 Studio +
  • Freehold +
  • 2028 Sq Ft Approx +
  • High Performing Portfolio +
  • Approx. 9% Gross Yield +
  • Approx. 75% Already Occupied +
  • Central Location +
  • Walking Distance to Amenities +
  • Parking and Bike Storage Area +

Investment Opportunity!!!
Offered to the market with no onward chain is this superbly appointed, 10 single bedrooms and a studio suite HMO. Fully licensed and having been operational for around 4 years after a full refurbishment, this opportunity is offering up to approximately 11.6% gross yield.

This is an extremely rare investment opportunity to purchase a ready-made HMO with approx. 100% of rooms occupied in the popular location of Neston, generating when fully occupied up to £53,000+ rent pa with a gross yield of approx 11.6%.

This exciting HMO in brief comprises; 10 single rooms, studio room, two modern kitchen/diners, a laundry room and four shower rooms.
Externally is off road parking for up to three cars as well as a bike storage area, ideal for students.

Early viewings come highly recommended.

Agent Details

Karl Tatler Estate Agents, Heswall

0151 453 4573

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪