£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.
The property is well-finished throughout, and has been well maintained by the current clients.
Currently, the property is generating a monthly rental income of £1,200pcm with the current tenants being in situ since April 2024. There is a strong rental demand in the local area due to a lack of available properties coming on to the rental market. Comparable market information for both the rental and sales markets are available upon request.
This property represents an excellent investment opportunity for clients seeking a long-term, hands-free investment. The incumbent managing agent (who we would strongly recommend retaining) currently charges 8% plus VAT management fees.
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 now on a rolling contract.
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