Spellow Lane, Liverpool
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Guide Price: Offers in region of £330,000
Current Gross Income: £36,000 per annum
Current Gross Yield: 10.9%
Potential Gross Income: £40,000+ per annum
Potential Gross Yield: 12%+
An excellent opportunity to acquire a fully tenanted six bedroom HMO investment, offered for sale with tenants in situ and generating an immediate gross rental income of approximately £3,000 per calendar month (£36,000 per annum).
The property benefits from an HMO licence valid until 2029, established tenancy agreements and a range of premium accommodation features, making this an attractive turnkey investment opportunity for landlords seeking an existing income stream from completion, with, the potential to increase the rents.
Investment & Rental Income
The property is currently fully occupied, with the existing rental schedule producing:
Room 1: £560 pcm
Room 2: £400 pcm (Market rate around £500)
Rooms 3, 4 & 5: £1,300 pcm combined (Room 4 is a studio room)
Room 6: £740 pcm (Studio room)
Total: £3,000 pcm / £36,000 pa
A notable feature of the current rent roll is that Rooms 3, 4 and 5 are occupied by a single tenant under a combined arrangement at £1,300 pcm.
There is therefore potential for rental growth when these rooms become available. Subject to market conditions, individual rents of approximately £500-£600+ per room could potentially generate total rental income of around £3,400+ pcm, equivalent to approximately £40,000+ per annum and a gross yield of approximately 12.17%+ at the £350,000 asking price.
Any future rental figures are estimates and would be subject to market conditions, achievable rents and the terms of future tenancy agreements.
HMO Licence & Compliance
The property benefits from an HMO licence currently valid until 2029.
The property is also understood to have the relevant standard safety documentation in place, including:
Gas Safety / CP12
EICR
Fire safety systems
Accommodation & Premium Features
The property offers a versatile layout arranged over multiple floors, comprising:
6 letting bedrooms
1 additional room, suitable for use as a study, office, storage or management space
3 bathrooms, with a bathroom conveniently positioned on each floor
Modern communal kitchen
Spacious open-plan communal living area
Full basement providing useful additional storage and potential utility/laundry space
Front garden
Private rear garden
The generous communal areas and multiple bathrooms provide a practical layout for HMO occupation, while the additional room and basement offer useful flexibility for future owners.
Sold With Tenants in Situ
The property is being sold fully tenanted, providing the incoming purchaser with an established rental income from completion, subject to the existing tenancy agreements.
The sale will include the relevant tenancy agreements and tenant documentation, together with the standard fixtures, fittings and communal furnishings required for continued operation of the HMO.
Key Investment Highlights
£330,000 guide price
6-bedroom HMO
Fully tenanted / tenants in situ
£3,000 pcm current gross rental income
£36,000 current annual gross income
10.90% current gross yield
Potential £3,400+ pcm rental income following rent re-alignment
Potential 12%+ gross yield
HMO licence valid until 2029
3 bathrooms
Additional room
Full basement
Front and rear gardens
Communal kitchen and living space
Fixtures, fittings and communal furnishings included
An opportunity to acquire an established high-yielding HMO investment with tenants already in place, together with identifiable potential for future rental growth.
Guide Price: Offers in region of £330,000
Current Gross Income: £36,000 per annum
Current Gross Yield: 10.9%
Potential Gross Income: £40,000+ per annum
Potential Gross Yield: 12%+
Council Tax Band: A
Tenure: Freehold
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Enclosed garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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