7 bed terraced house for sale

Virginia Road, New Brighton, Wallasey CH45

An opportunity to acquire an established seven-room HMO on Virginia Road, New Brighton. Currently fully managed, the property offers an existing tenant base and letting history, with five rooms occupied and two available to let.

At the asking price of £330,000, the supplied annual gross rental income of £34,092 represents a gross yield of approximately 10.33%, before management fees, maintenance and other operating costs. The two vacant rooms provide scope to increase occupancy, while improvements to the property’s presentation could strengthen its appeal to prospective tenants.

The accommodation extends to approximately 1,893 sq ft across three floors. Alongside the seven letting rooms, there is a shared kitchen with dining space, a separate utility room, two shower rooms, and a rear yard. The building would benefit from general tlc and updating in places, giving an incoming investor the opportunity to improve the accommodation and build on the existing operation.

Rental breakdown

The supplied annual rental figures are:

Room 1 - £4,416
Room 2 - £5,050
Room 3 - £4,604
Room 4 - £5,200
Room 5 - £5,532
Room 6 - £4,350
Room 7 -£4,940

Total gross rental income
£34,092

Location

Virginia Road puts residents within reach of New Brighton’s shops, cafés, restaurants and everyday amenities. Marine Point offers further shopping, dining and entertainment options, while the promenade and waterfront provide space for coastal walks and leisure time.

New Brighton railway station provides connections towards Liverpool and across the Wirral, adding to the location’s convenience for tenants who commute. Access to transport, local amenities and the coast gives residents plenty to enjoy beyond the property itself.

Tenure and licensing

Leasehold, with approximately 853 years remaining. Ground rent is recorded on the Land Registry title as £62 per annum.

The current HMO licence expires on 17 October 2028. The licence is not transferable to a new licence holder; the purchaser will need to arrange the appropriate HMO licensing with Wirral Council.

EPC rating: C.