£165,000
Avon Street
- 3 beds
£165,000
- 3 beds
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Pure Investor is delighted to present to the market a three-bedroom end terraced property for sale in Birkenhead. The property underwent full refurbishment back in 2023 which included a full conservatory extension with self-cleaning windows. There are three double bedrooms, a new family bathroom downstairs and a new modern kitchen. The garden is well presented with grass and a decking area with a small alley.
Currently, the property is generating a monthly rental income of £1,200pcm with the current tenants being in situ since April 2024. This is a fixed 1-year contract and will then become a rolling contract. The current managing agent in place would be happy to continue managing the property and is currently charging 8% for full management.
INVESTMENT INFORMATION
- Offers Over £165,000.00
- 3-bedroom end terrace property.
- 1-bathroom downstairs.
- Current Rental Income: £1,200.00pcm (£14,400.00 per annum)
- Rental Income Once Management Fees Deducted: £1,104.00pcm (£13,248 per annum)
- Tenure: Freehold
- Current Gross Yield: 8.7%
- Net Yield With Management Fee Of 8% Deducted: 8.0%
- Current tenants moved into the property in April 2024 and are on a fixed 1-year contract. This will then go onto a rolling contract.
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