Avondale Road, Wavertree, Liverpool L15 3HF

This 6 bed 2 bath Student HMO is located in one of the prime student locations in Liverpool off of Smithdown Road in Wavertree and has been continuously let to students for over 10 years.

The floorspace is well-optimised to accommodate 6 bedrooms and 2 bathrooms, creating a well-proportioned house that’s always been popular among students.

For the 26/27 term starting in July the gross rent is £38,187.50 which reflects a 10.93% gross yield, very competitive for such a prime location. The property has been progressively updated over the years and is in good condition - if a buyer was to modernise the property even further it can generate up to as much as £45k per annum.

The property has an HMO Licence and will have a certificate of lawfulness upon completion (the application is about to be submitted). There is a utility cap in place on the tenants of £55 per person per month (equating to £530 per month) covering gas, electric and water.