Liverpool Road

AT A GLANCE

•     Gross yield: 10.4%
•     Net yield: 8.6%
•     Gross income: £39,498 per annum (£3,291.50 pcm)
•     Net income: £32,711 per annum (£2,725.92 pcm)

INVESTMENT SUMMARY

56 Liverpool Road presents a rare opportunity to acquire a fully operational, income-producing House in Multiple Occupation (HMO) in the popular Cheshire town of Neston. The property is offered freehold, complete with an HMO licence, and is fully let to seven long-standing tenants generating a combined gross income of £3,291.50 per calendar month (£39,498 per annum), a gross yield of approximately 10.4% against the asking price.

Beyond the immediate income, the sale includes architect-drawn plans for two two-bedroom houses at the end of the property’s land, offering genuine scope to add significant further value.

KEY HIGHLIGHTS

•     Fully let – producing £39,498 per annum from seven income streams
•     Strong yield – approximately 10.4% gross / 8.6% net at the asking price
•     HMO licence in place – a licensed, established  and compliant operation
•     Exceptional tenant stability – many tenants in residence for 12 –15 years, a mix of working professionals, including two rooms occupied by carers who supported a resident in the village
•     Self-contained annexe – attached one-bedroom apartment let at £654.50 pcm
•     Additional accommodation – static home within the grounds let at £500 pcm
•     Development potential – architect plans for two two-bedroom houses at the end of the land
•     Freehold tenure – with low, well-documented outgoings of £6,786.96 per annum

THE PROPERTY

The main house is arranged as a licensed HMO comprising five letting rooms served by generous communal facilities, including a large kitchen, a separate utility room and WC, and five bathrooms in total, three on the first floor and two on the ground floor.

Attached to the side of the property is a self-contained one-bedroom apartment, currently let at £654.50 per calendar month, which would equally suit an owner-occupier or on-site manager. Within the grounds sits a static home, also tenanted, contributing a further £500 per calendar month.

THE TENANTS

The property benefits from a remarkably settled tenant base, with tenancies of 12 to 15 years’ standing. Occupants are a mix of working professionals, and two of the rooms have been home to carers who looked after a resident in the village. This continuity offers an incoming investor dependable, proven income from day one, with minimal void risk.

RENTAL INCOME SCHEDULE

•     Room 1 – £434.50 pcm
•     Room 2 – £440.00 pcm
•     Room 3 – £357.50 pcm
•     Room 4 – £452.50 pcm
•     Room 5 – £452.50 pcm
•     Annexe (self-contained one-bed apartment) – £654.50 pcm
•     Static home – £500.00 pcm

Total: £3,291.50 pcm  / £39,498.00 per annum

OUTGOINGS (MONTHLY)

•     Council tax – £213.00
•     Water – £42.58
•     Gas & electricity (approx.) – £275.00
•     Internet – £35.00

Total: £565.58 pcm  / £6,786.96 per annum

YIELD & RETURNS AT ASKING PRICE

•     Asking price – £380,000
•     Gross annual income – £39,498.00
•     Annual outgoings – £6,786.96
•     Net annual income – £32,711.04 (£2,725.92 pcm )
•     Price per income unit (7 units) – approx. £54,286

Gross yield – 10.4%

Net yield – 8.6%

DEVELOPMENT OPPORTUNITY

Architect plans have been prepared for two two-bedroom houses at the end of the property’s land. Whether pursued for onward sale, retained as additional rental stock, or held as a future option, this materially enhances the long-term value of the holding beyond its strong day-one income. Plans available on request; purchasers should make their own planning enquiries.

LOCATION

Neston is a well-regarded market town on the Wirral Peninsula within Cheshire West and Chester, close to the Dee Estuary, with good shops, services  and schools. Neston railway station and convenient road links connect the town to Chester, Liverpool and the wider North West , underpinning consistent rental demand.