17 Virginia Road | New Brighton | CH45 2LH
- PROPERTY TYPE
Terraced
- BEDROOMS
7
- BATHROOMS
2
- SIZE
1,893 sq ft
176 sq m
Key features
- Established seven-room HMO investment
- Currently fully managed
- Five rooms occupied; two available to let
- Supplied annual gross rental income of £34,092
- Approximately 10.33% gross yield at the asking price
- Approximately 1,893 sq ft across three floors
- Shared kitchen/dining space and separate utility room
- Convenient for New Brighton’s amenities, waterfront and station
- EPC Rating - C
- Leasehold: approximately 853 years remaining; £62 annual ground rent
Description
An opportunity to acquire an established seven-room HMO on Virginia Road, New Brighton. Currently fully managed, the property offers an existing tenant base and letting history, with five rooms occupied and two available to let.
At the asking price of £330,000, the supplied annual gross rental income of £34,092 represents a gross yield of approximately 10.33%, before management fees, maintenance and other operating costs. The two vacant rooms provide scope to increase occupancy, while improvements to the property’s presentation could strengthen its appeal to prospective tenants.
The accommodation extends to approximately 1,893 sq ft across three floors. Alongside the seven letting rooms, there is a shared kitchen with dining space, a separate utility room, two shower rooms, and a rear yard. The building would benefit from general TLC and updating in places, giving an incoming investor the opportunity to improve the accommodation and build on the existing operation.
Rental breakdown
The supplied annual rental figures are:
Room 1 - £4,416
Room 2 - £5,050
Room 3 - £4,604
Room 4 - £5,200
Room 5 - £5,532
Room 6 - £4,350
Room 7 -£4,940
Total gross rental income
£34,092
Location
Virginia Road puts residents within reach of New Brighton’s shops, cafés, restaurants and everyday amenities. Marine Point offers further shopping, dining and entertainment options, while the promenade and waterfront provide space for coastal walks and leisure time.
New Brighton railway station provides connections towards Liverpool and across the Wirral, adding to the location’s convenience for tenants who commute. Access to transport, local amenities and the coast gives residents plenty to enjoy beyond the property itself.
Tenure and licensing
Leasehold, with approximately 853 years remaining. Ground rent is recorded on the Land Registry title as £62 per annum.
The current HMO licence expires on 17 October 2028. The licence is not transferable to a new licence holder; the purchaser will need to arrange the appropriate HMO licensing with Wirral Council.
EPC rating: C.
- 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: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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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Visit our security centre to find out moreDisclaimer - Property reference S1881446. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Peterson & McCoy Estates, Wirral. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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