6 Bed HMO, Liverpool, L4 3RP, £299,000

23 Newark Street, Liverpool L43RP - 1 views - 6 months ago

Sold STC
HMO
ROI: 7%
109 m²
+38 photos

ValuationOvervalued

Sold Prices£100K - £595K
Sold Prices/m²£476/m² - £2.9K/m²

 

 

Square Metres

109 m²
Price/m²£2.7K/m²

Value Estimate

£150,324

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,750

Stamp Duty & Legal Fees

£21,100

Total Cash In

£95,850

 

 

Cash Out

 

Room Rate

£455

Gross Rent

£2,730

Running Costs/mo

£2,158

Cashflow/mo

£572

Cashflow/yr

£6,859

ROI

7%

Gross Yield

11%

Local Sold Prices

24 sold prices from £100K to £595K, average is £267.5K. £476/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£190K04/230.66 mi4, Orwell Road, Liverpool, Merseyside L4 1RQ6
£210K02/210.72 mi54, Trinity Road, Bootle, Merseyside L20 3BB6
£251K03/211.05 mi74, Yew Tree Road, Walton, Liverpool, Merseyside L9 1AL6
£110K03/211.64 mi2, Ellel Grove, Liverpool, Merseyside L6 4AB6
£356K02/231.7 mi61, Alexandra Drive, Bootle, Merseyside L20 0EE6
£250K03/231.8 mi11, Sandringham Road, Tuebrook, Liverpool, Merseyside L13 8BX6
£162.5K02/211.86 mi103, Newsham Drive, Liverpool, Merseyside L6 7UH6
£275K10/211.9 mi24, Marlborough Road, Tuebrook, Liverpool, Merseyside L13 8AX6
£265K10/202.17 mi98, Edinburgh Road, Kensington, Liverpool, Merseyside L7 8RF6
£370K05/232.19 mi5, Balmoral Road, Fairfield, Liverpool, Merseyside L6 8NB6
£300K09/232.25 mi53, Hall Lane, Kensington, Liverpool, Merseyside L7 8TE6
£340K06/212.47 mi40, Tynwald Hill, Liverpool, Merseyside L13 7DP6
£340K06/212.47 mi40, Tynwald Hill, Liverpool, Merseyside L13 7DP6
£100K05/212.5 mi63, Lorne Street, Liverpool, Merseyside L7 0JP6
£235K01/232.67 mi35, Holland Road, Wallasey, Merseyside CH45 7RA6
£323K04/212.77 mi21, Dalton Road, Wallasey, Merseyside CH45 1HL6
£413K06/222.84 mi7, Penkett Road, Wallasey, Merseyside CH45 7QE6
£196K04/212.85 mi39, Grosvenor Road, Wallasey, Merseyside CH45 1JY6
£190K04/212.89 mi15a, Sandringham Road, Waterloo, Liverpool, Merseyside L22 1RW6
£170K11/202.9 mi40, Duke Street, Wallasey, Merseyside CH45 1JU6
£300K09/212.91 mi17, Osborne Avenue, Wallasey, Merseyside CH45 1JD6
£430K10/202.97 mi15, Waterloo Road, Waterloo, Liverpool, Merseyside L22 1RE6
£270K05/212.99 mi22, Darley Drive, Liverpool, Merseyside L12 8QR6
£595K02/212.99 mi10, Alexandra Road, Waterloo, Liverpool, Merseyside L22 1RJ6

Local Area Statistics

Population in L4

39,911

Population in Liverpool

675,519

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+55%

Property History

Price changed to £299,000

December 13, 2024

Listed for £280,000

November 5, 2024

Floor Plans

Description

  • 6 Bedroom, 6 Bathroom HMO with Kitchenette +
  • Full HMO License In Place +
  • Being Sold With Working Professional Tenants In Situ +
  • 14.7% Gross Yield +
  • Freehold Property +
  • Annual Income Just Over £43,260.00 +

This mid-terraced property consists of six double bedrooms with each having an en-suite, there are two bedrooms on the ground floor, three on the second floor and one in the attic. The kitchen area has been finished with a modern high-end feel with built-in oven, double hob, microwave, sink/drainer, and extractor fan with a breakfast bar.

On the ground floor there is a long conservatory from the kitchen leading to the rear garden which is accessible via patio doors. There is a large breakfast bar with space for four or five dining spaces and is a charming space to eat.

All of the bedrooms include kitchen storage and a three-piece bathroom suite. To the rear is a s private garden space covered in gravel and accessible via wooden steps from the patio doors off the conservatory. The front is similar with a small graveled front space.

INVESTMENT INFORMATION
* Full address: 23 Newark Street, Liverpool L43RP
* Asking price: £299,000.00
* 6 Bedroom HMO property
* HMO license in place
* Working professionals in situ
* Tenure: Freehold
* Service charge: N/A
* Ground rent: N/A
* Current rental income: £3,605.00pcm (£43,260.00 per annum)
* Gross yield: 14.7%
* Current outgoing costs per month:
o Council tax - £134.00
o Utilities: £500.00pcm
o Cleaning: £45.00pcm
o Water: £70.00pcm
o Internet: £50.00pcm
o Management fees: 10%
o Total: £1,159.50pcm (£13,914 per annum)
* Net yield: 10%
* Bedrooms: 6 - Ensuite with kitchenette
* Bathrooms: 6
* Comes with the current furniture
* Parking: On Street

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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