Another great deal from Arsh Ellahi
2 x Freehold Terraced Properties
Already Income Producing with Potential to Convert to a 5 and 4 Bed HMO

Aintree Road, Bootle, Liverpool, L20 9DN &
Hawthorn Road, Bootle, Liverpool L20 9DQ

Market Value £90,000 EACH = £180,000
Purchase Price = £135,000 FOR BOTH
Finders Fee £7,000

Potential Cashflow After HMO Conversion: £1,534.50 pcm = £18,414 per annum

Great Investment Opportunity!

For a limited time only we have managed to secure a readymade and income producing pair of freehold terrace properties.

The properties have been valued as a conservative £90,000 each and would achieve in excess of these. See below the pictures to confirm this.

They are both currently let as single lets bringing in £550 & £595 PCM Gross exc bills.

As large 4 bed terraced properties, they are more suited to conversion to 2 x HMO with a potential of 9 bedrooms between them.

The properties comprise of :

Aintree Road - Potential 5 Bed HMO
Ground Floor
  • Lounge/Diner
  • Ground Floor WC
  • Kitchen
  • Second Reception Room (Potential Bedroom)

First Floor
  • 4 Bedrooms
  • Bathroom

Hawthorn Road - Potential 4 Bed HMO
Ground Floor
  • Lounge
  • Dining Room
  • Kitchen/Diner

First Floor
  • 3 Bedrooms
  • Shower Room with WC

Location
The properties are connected and situated on the corner of two roads, near to:
  • 700 meters from both Bootle New Strand Train Station and 0.6 Miles to Walton Station
  • 2 miles from Aintree University Hospital.

Rental
Current Single Let Rental Income:
  • Aintree Road - 4 bed = £595 pcm = £7,140 per annum
  • Hawthorn Road - 3 bed = £550 pcm = £6,600 per annum

As Potential HMOs
  • Aintree Road - 5 bed HMO @ average £70pw = £1,517 pcm = £18,200 per annum
  • Hawthorn Road - 4 bed HMO @ average £70 pw = £1,213 pcm £14,560 per annum

Call Arsh On 07967 016425

The Vision
  • To purchase the properties together for £135,000 and enjoy immediate cashflow
  • Potential to keep as single lets and refinance against the full market value allowing you to pull out your initial investment
  • Spend £5,000 (per property) completing the works to convert to HMO Houses and the gross income to £32,760

Cashflow Forecast – 2 Separate Single Dwellings
  • Rental Income Aintree Road = £595pcm = £7,140 per annum
  • Rental Income Hawthorn Road = £550pcm = £6,600 per annum

Costs to consider:
  • Mortgage Cost @ 4% = £337.50 pcm
  • Management @ 10% = £114.50 pcm

CASHFLOW AFTER ALL THE ABOVE COSTS: £693 pcm = £8,316 per annum

Cashflow Forecast – 9 Bed HMO
  • 9 rooms @ average £70 pw = £2,730.00 pcm = £32,760 per annum

Costs to consider:
  • Mortgage Cost @ 4% = £337.50 pcm
  • Bills £585.00 pcm
  • Management @ 10% £273.00 pcm

CASHFLOW AFTER CONVERSION TO 9 BED HMO = £1,534.50 pcm = £18,414 per annum

The cashflow figures have been calculated after management

Capital Required To Get Involved:
  • Purchase Price = £135,000
  • Deposit @ 25% = £33,750
  • HMO Conversion = £10,000
  • Stamp Duty = £4,250
  • Legals = £1,000
  • Sourcing Fee = £7,000

Total Capital Required = £46,000 (As Single Lets)

Total Capital Required For Conversion to 9 Bed
= £56,000

The Return On Investment based on an investment of £46,000 = 19%

The Return On Investment after conversion to a 9 bed HMO based on an investment of £56,000 = 33%

I own a letting agent win this location who would be able to manage the property for you and make this a hands off investment.

Call Arsh On 07967 016425
Disclaimer - IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

The information displayed about this property comprises a property advertisement. Arsh Ellahi makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. This property advertisement does not constitute property particulars.
The Ellahi Group
30-32 Chapel Ash, Wolverhampton, WV3 0TN
T : 01902 427143
E : arsh@arshellahi.com
W : www.arshellahi.com