PROPERTY OVERVIEW

Situated on Old Chester Road in the popular Rock Ferry area of Birkenhead, this fully tenanted 4-bedroom, 4-ensuite HMO presents an excellent turnkey investment opportunity with immediate income from day one. Offered freehold and recently refurbished to a high standard, the property generates a strong gross monthly income of £2,038 and delivers an attractive net annual profit of £16,080 after all bills, equating to a solid 8.7% net yield at the asking price of £185,000. With all rooms let, a bills-included model ensuring predictable outgoings, and minimal near-term maintenance requirements, this asset is ideally suited to investors seeking stable, hands-off cash flow in a high-demand rental location.

KEY FINANCIALS

• Gross monthly income: £2,038
• Monthly outgoings: £698
• Net monthly profit: £1,340
• Net annual profit: £16,080
• Gross yield (at £185,000): 13.2%
• Net yield (at £185,000): 8.7%  (after all bills paid)

INCOME BREAKDOWN

• Room 1:  £520/mo
• Room 2:  £520/mo
• Room 3:  £499/mo
• Room 4:  £499/mo
• Total:   £2,038/mo

MONTHLY OUTGOINGS

• Council tax: £138
• Water: £58
• Energy: £450
• Internet: £42
• TV licence: £10
• Total: £698/mo

WHY THIS IS A STRONG INVESTMENT

• Immediate income from day one – fully tenanted with no void period or setup required
• Strong net yield of 8.7% – well above the national average for residential buy-to-let
• Recently refurbished – reduced near-term maintenance costs and strong tenant appeal
• Freehold – no ground rent, no service charges, no lease expiry risk
• Bills-included model – all outgoings are fixed and predictable, making cash flow simple to manage
• Below mandatory HMO licence threshold – at 4 rooms, compliance obligations are simpler than larger HMOs

LICENSING & PLANNING

• Mandatory HMO licence:  NOT required – property is below the 5-person threshold
• Selective licence:  REQUIRED – Old Chester Road falls within the Tranmere selective licensing area. The new 2025–2030 scheme commences 1 October 2025 (fee: £605). Application should be made to Wirral Council.
• Planning (APP/19/01386):  Planning permission was granted for conversion from mixed use (ground floor retail + first floor flat) to a single C3 residential dwelling.