Landwood Group says ..

Property Oracle says ..

This property is a three-storey, mid-terrace 10-bedroom HMO located on Bath Street in Southport, Merseyside. It’s currently fully let, generating an annual income of £50,700. The property’s location is convenient, with proximity to Southport beach and the railway station. While this makes it attractive for tenants, further investigation into the specific neighborhood amenities is needed for a comprehensive assessment. The interior photos present a mixed picture of the property’s condition. Some rooms show signs of recent renovation and furnishing, featuring modern fixtures, while others appear dated and possibly requiring upgrades or maintenance. The kitchen, in particular, shows different stages of renovation with some areas appearing more modern than others. The exterior suggests that some external maintenance may also be required. The property offers a small backyard which is largely underdeveloped. Given the annual rental income, the asking price of £325,000 may be reasonable for an investor seeking a rental property in Southport. However, potential buyers need to consider several factors such as ongoing maintenance costs, potential void periods, and the long-term viability of the HMO market in that specific location. The lack of information about the total square footage of the property makes it difficult to conduct a precise valuation based on price per square foot. A comprehensive survey and potentially a professional valuation should be carried out before any purchase decision is made.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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