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6 bedroom house of multiple occupation for sale
Martins Lane, Wallasey, Merseyside, CH44
£220,000
Martins Lane, Wallasey, Merseyside, CH44
£220,000
Our Summary
- The property is in average internal condition with scope to add value through light cosmetic upgrades if desired
- Excellent Investment Opportunity
Description
This fully let and licensed six-room HMO in Wallasey, Wirral, is a rare investment opportunity with a proven rental history and a gross yield of 10.78%. The property, located on Martins Lane, has longstanding tenants and experiences minimal void periods, making it a hands-off and high-yielding investment. With no management fees, low overheads, and a strong rental demand from professionals and commuters, this freehold property is an excellent choice for those looking for a stable and income-generating asset. The property is well-maintained, with a spacious kitchen and dining area, four letting rooms on the first floor, and a rear courtyard garden. Its convenient location provides easy access to local amenities, public transport, and the River Mersey, making it an attractive option for tenants. With a purchase price of £250,000, this property offers a net monthly income of £1,761, making it an excellent investment opportunity for those looking for a reliable and high-yielding property.