5 Bed HMO, Liverpool, L7 8RW, £285,000

71 Connaught Road, Liverpool, Merseyside, L7 8RW - 5 views - 2 years ago

Sold STC
HMO
ROI: 9%
98 m²
+7 photos

ValuationOvervalued

Sold Prices£84K - £1.1M
Sold Prices/m²£838/m² - £4.5K/m²

 

 

Square Metres

98 m²
Price/m²£2.9K/m²

Value Estimate

£191,739

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Room Rate

£516

Gross Rent

£2,580

Running Costs/mo

£1,992

Cashflow/mo

£588

Cashflow/yr

£7,053

ROI

9%

Gross Yield

11%

Local Sold Prices

34 sold prices from £84K to £1.1M, average is £277.5K. £838/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£185K08/210.07 mi77, Leopold Road, Kensington, Liverpool, Merseyside L7 8SR5
£165K11/200.2 mi28, Kensington, Liverpool, Merseyside L7 8XB5
£285K01/210.58 mi9, Beech Street, Liverpool, Merseyside L7 0EU5
£800K03/210.82 mi32, Falkner Street, Liverpool, Merseyside L8 7PZ5
£630K03/240.86 mi51, Huskisson Street, Liverpool, Merseyside L8 7LW5
£1.1M03/240.88 mi25, Canning Street, Liverpool, Merseyside L8 7NN5
£585K03/210.94 mi9, Bold Place, Liverpool, Merseyside L1 9DN5
£585K03/210.94 mi9, Bold Place, Liverpool, Merseyside L1 9DN5
£255K10/200.97 mi8, Fairfield Crescent, Fairfield, Liverpool, Merseyside L6 8PJ5
£150K06/231.01 mi44, Lorne Street, Liverpool, Merseyside L7 0JR5
£84K06/231.27 mi5, Vronhill Close, Liverpool, Merseyside L8 8LB5
£170.5K02/211.28 mi20, Chilmark Road, Liverpool, Merseyside L5 6AB5
£165K05/211.33 mi18, Argyle Road, Anfield, Liverpool, Merseyside L4 2RS5
£488K10/221.43 mi26, Sydenham Avenue, Liverpool, Merseyside L17 3AX5
£640K08/221.44 mi12, Lancaster Avenue, Sefton Park, Liverpool, Merseyside L17 3AZ5
£556K03/231.47 mi10, Buckingham Avenue, Liverpool, Merseyside L17 3BB5
£825K12/201.5 mi17, Ullet Road, Liverpool, Merseyside L17 3BL5
£160K08/211.52 mi87, Priory Road, Liverpool, Merseyside L4 2SE5
£150K02/231.53 mi99, Priory Road, Liverpool, Merseyside L4 2SE5
£515K04/231.54 mi3, Rutland Avenue, Sefton Park, Liverpool, Merseyside L17 2AE5
£267.5K01/231.55 mi20, Rossett Avenue, Liverpool, Merseyside L17 2AP5
£381K02/231.57 mi12, Sandown Lane, Liverpool, Merseyside L15 8HY5
£240K05/231.6 mi25, Moscow Drive, Liverpool, Merseyside L13 7DE5
£345K02/211.61 mi23, Hawarden Avenue, Wavertree, Liverpool, Merseyside L17 2AJ5
£205K06/231.64 mi1, Sandringham Road, Tuebrook, Liverpool, Merseyside L13 8BX5
£190K10/201.65 mi10, Russian Drive, Liverpool, Merseyside L13 7BT5
£270K12/221.66 mi70, Langdale Road, Liverpool, Merseyside L15 3LB5
£227K01/211.68 mi38, Brookland Road West, Liverpool, Merseyside L13 3BQ5
£380K11/211.7 mi6, Greenfield Road, Liverpool, Merseyside L13 3BN5
£667K09/211.76 mi44, Belvidere Road, Princes Park, Liverpool, Merseyside L8 3TQ5
£667K09/211.78 mi44, Belvidere Road, Princes Park, Liverpool, Merseyside L8 3TQ5
£195K10/211.89 mi22, Bessemer Street, Liverpool, Merseyside L8 4SW5
£255K02/211.91 mi16, Grant Avenue, Wavertree, Liverpool, Merseyside L15 5AY5
£440K02/211.97 mi9, Greenbank Road, Liverpool, Merseyside L18 1HG5

Local Area Statistics

Population in L7

17,934

Population in Liverpool

675,519

Town centre distance

3.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+97%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £285,000

March 28, 2023

Sold for £22,000

2002

Floor Plans

Description

  • Fully Tenanted for next year +
  • Modern Standard throughout +
  • Basement +
  • High yield +
  • Two shower rooms +
  • Tenure: Freehold, Council Tax Band: A +

Have you been searching for an investment opportunity in Kensington Fields, L7?
Venmore Estate Agents are delighted to present this five-bedroom mid terrace HMO. Currently rented to five students, with a let arranged for next year.

This modern standard five-bedroom, student-let HMO mid terrace property is in the highly sought-after Kensington Fields area of L7, Liverpool.

This is an ideal investment opportunity for one lucky buyer, as this has long been amongst the popular areas for students. The property currently achieves an 8% yield, each tenant paying £95pwpp, and a tenancy is arranged for next year of £105pwpp for five occupants.

The property consists: main hall, bay-fronted downstairs bedroom, spacious communal sitting room and kitchen, rear yard. On the first floor there are three more bedrooms, and a shower room, and to the second floor; a second shower room, and fifth bedroom. The property also has a basement, which is currently vacant but provides plenty of potential for further development.

Please contact the office to enquire further.

Agent Details

Venmore, Liverpool

0151 453 6513

Next Steps?

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