Loan #500985 11 Bed Tenanted HMO

Property location
6 Acrefield Road Birkenhead Prenton CH42 8LD United Kingdom

Executive Summary

This freehold property is an 11 bedroom house, currently set up as 6 bedrooms and 4 self-contained flats, as well as a cottage in the backyard. The property is already functioning as a fully licensed HMO and currently generates £41,088 per annum in rental income. Most of the tenants are long-term tenants whom have been at the property for years, making this a perfect hands-off investment.

The property already generates cash flow, but would greatly benefit from a £85,000 refurbishment, both in terms of increasing market value and future rental demand. Bringing the property up to standard would increase rental rates to current market levels accordingly.

The property has great added value potential, with several end use options. Namely; a title split, continuation as a luxury HMO, or sale as a high-end 11-bed residential property.

Investing FAQ
Loan terms summary
  • Interest per annum 8.00%
  • Fully subscribed 520,000.00 raised
  • Expires Closed
  • Target amount €520,000.00
  • Profit share 0.00%
  • Term 27 Months
  • Payment frequency 1 months
  • Loan purpose Buy-to-rent
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 120.2%
  • Loan To Value (LTV) 83.2% i
  • Location
    United Kingdom
Latest investments
  • 557751€14,400.002020-10-24 13:24:59
  • 557368€11,000.002020-10-24 08:02:57
  • 557350€500.002020-10-23 21:00:34
  • 557330€10,000.002020-10-23 19:16:39
  • 557254€2,500.002020-10-23 10:52:08