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Saturday, April 09, 2016

Liverpool property investment opportunity

1 Beresford Road, Prenton, Liverpool, CH43 1AB
This lovely looking property is located in leafy Birkenhead over the Mersey from Liverpool City Centre.  The asking price is perhaps a reflection of the overheating investment market with a yield well into the single digits at less than 6% on the current reserved rent.  There maybe potential for a little bit of arbitrage by disposing of the individual properties as leasehold apartments and retaining the freehold.  Given the size of the plot there could be some development opportunities.  However,  bearing in mind that this is Liverpool not Lambeth rental growth is probably limited and not lively!

The investment property is located in Birkenhead, Liverpool. Central Liverpool is approximately 8 km (5 miles) to the east of the property and is accessible by either the Birkenhead or Kingsway Tunnels. This area is well connected via a number of A-Roads as well as the M53 Motorway, which links the area to Ellesmere Port (approx. 22km (14 miles) and Chester (approx. 34km (21 miles) to the south.

The essential marketing details for this property are:
  • Freehold detached block
  • 18 self-contained flats (8 x one bed and 10 x two bed)
  • 16 flats let subject to Assured Shorthold Tenancies with two vacant flats
  • Total Current Rent Reserved: £104,100 per annum
  • Estimated Rental Value: £126,900 per annum
  • 18 car parking spaces
  • Gross Yield: 7% (based on ERV)
For any landlords that are interested offers are invited of over £1.8m.  Lets face it you would be getting a lot of property for your money compared to central London but at these rental yields even allowing for the recent yield compression on residential investments the price is not compelling.  I'm thinking a value of £1.5m would be nearer the mark but then I've not inspected the property. 

For more information contact:

Finance my investment - property hawk mortgages

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