3 bedroom House -Raffles Road, Birkenhead, CH42 0HN
Offers in excess of £120,000
- Three-bedroom terraced investment property
- Currently let at £895 per calendar month
- Approx. 9% gross yield based on a £120,000 purchase price
- Two separate reception rooms
- Modern kitchen and bathroom
- Well-presented throughout with tenant already in situ
An excellent ready-made investment opportunity, this well-presented three-bedroom terraced home is currently let and offers an attractive 9% yield for investors.
An excellent ready-made investment opportunity, this well-presented three-bedroom terraced home is currently let at £895pcm and offers an attractive potential yield for investors.
Situated on Raffles Road in Birkenhead, this well-presented three-bedroom terraced property offers spacious accommodation together with the benefit of an existing tenancy, making it an ideal opportunity for investors looking to add a ready-made investment to their portfolio.
The ground floor offers two separate reception rooms, providing generous and versatile living space, alongside a modern fitted kitchen. Upstairs, there are three bedrooms together with a modern family bathroom, with the property presented to a good standard throughout. The property has also recently benefited from the installation of a new boiler, providing an additional benefit for both the current tenant and prospective purchaser.
The property is currently rented at £895 per calendar month, generating an annual rental income of £10,740 which, based on a purchase price of £120,000, represents a gross rental yield of approximately 9%.
Conveniently located for local shops, amenities, schools and transport connections into Birkenhead and Liverpool, the property combines a strong rental proposition with a popular and accessible location. With a tenant already in situ, this represents an excellent opportunity for investors seeking an established income-producing property from day one.
Property Information
Whilst we endeavour to ensure our property particulars are accurate and up to date, they are intended as a guide only and do not constitute or form part of any offer or contract. All descriptions, photographs, measurements and floor plans are provided for guidance only. Floor plans are not to scale and their accuracy is not guaranteed.
We have not tested any services, systems or appliances and are therefore unable to verify their condition or suitability. Prospective purchasers should satisfy themselves as to the accuracy of the information provided through their own inspections and enquiries.
Anti-Money Laundering (AML) Checks
To comply with Anti-Money Laundering Regulations, we are required by law to carry out identity and source of funds checks on all purchasers.
We work with our trusted compliance partner, Coadjute, to carry out these checks. Once your offer has been accepted (subject to contract), they will contact you directly and provide a secure link to complete the required verification online. Coadjute charges a non-refundable verification fee of £45.00 plus VAT (£54.00 including VAT) per purchaser, payable directly to them. These checks must be completed before we are able to issue the Memorandum of Sale.
Stamp Duty Calculator
• This calculation assumes that the purchase of the property will NOT result in owning two or more properties.
Mortgage Calculator
The LTV (loan to value) of this mortgage is 90%.
Contact your local branch if you have any Mortgage enquiries.