HMOs for Sale Birkenhead

Birkenhead

HMOs for Sale in Birkenhead, Wirral

If you are looking for HMOs for Sale in Birkenhead you have come to the right place. With to die for views across the River Mersey over to the docks at Liverpool, Birkenhead has become a hotspot for both BTL and HMO investors. Birkenhead, and surrounding areas such as Wallasey, Liscard, New Ferry, and New Brighton boast some fabulously grand former sea captains’ houses that were once the envy of the town. Nowadays they make for excellent HMO conversion projects and operational HMOs with large 10-15m2 bedrooms ideal for ensuites, and many houses perfect to convert to 6 bed HMOs. 

Birkenhead has become a highly sort after location for HMO investors looking for high yields, and whilst the property prices in the area are some 33% below the national average (as of 2022), it provides a great location to find a cheap HMO for sale. Birkenhead is an excellent location for professional tenants with many blue collar manufacturing jobs located on the Wirral, DSS and housing benefit tenants, and student HMOs are becoming increasingly common as an option for cheaper accommodation to Liverpool and also as Chester University looks to locate more nursing tuition in new converted premises in the centre of Birkenhead. There are a good mix of sized HMOs ranging from 5 beds to 10-12 bed HMOs plus. 

Houses in Multiple Occupation have a number of regulations surrounding them including article 4 directives, selective and mandatory HMO licences, and rules on planning permission. For more information about these topics, see our Birkenhead HMO FAQ section at the bottom of the page. 

Are you looking to buy or sell an HMO in Birkenhead? Enquire today and see how we can help.

Birkenhead HMO Market FAQs

Demand for HMOs in Birkenhead is high. There are many suburbs of Birkenhead that are popular for HMOs, including Liscard, Wallasey, Rock Ferry and Prenton. Some more affluent areas such as New Brighton and Oxton have proven popular for HMO developments. 

From our research we can see that the average rent in Birkenhead is between £300 and £450 per month per room with very few listed above £450. Double rooms are standard with over 50% of the rooms in Birkenhead being ensuites. So if you are looking to develop HMOs in Birkenhead it’s important that they are double rooms and ensuite. There is a significantly bigger professional HMO market in Birkenhead than there is student.  

Student HMOs have not been common in Birkenhead until recently. The vast majority of houses in multiple occupation in Birkenhead are for professional tenants. However, the student market in Birkenhead may be set to boom should Chester University continue it’s expansion plans to Birkenhead to make use of cheaper real estate in the area. We have already seen some 500 nurses a year being trained by Chester Uni at their new premises in the centre of Birkenhead which could give rise to more student accommodation in the area. Demand for student accommodation in Birkenhead for students studying at one of the 4 Universities in Liverpool is not seen as being high enough and investors should do their own research should they be targeting this demographic. 

The biggest demand for lets is blue collar workers. We also see demand from tenants working in bars and restaurants. 

The average size HMO in Birkenhead is 6 beds. 4 and 5 bed HMOs are also available however the housing in the area is particularly large dating back to the shipping success of the late Victorian era. As such this housing type lends itself well to either flat conversion or HMOs. We have seen a lot of HMO development in larger buildings that are 3 storeys, and making a fourth floor in the basement and as such we see HMOs that are 10 bedrooms and larger.

Unfortunately we do not provide any recommendations for third party HMO letting agents in Birkenhead. However if we can help you select one then please give us a call to discuss.  

There is currently no Article 4 direction affecting HMOs for Wirral or Birkenhead. The only Article 4 directive on the Wirral affects Bromborough Pool but this is a low demand area for HMOs on the Wirral and around Birkenhead. However, take note, that the Wirral Council did discuss introducing article 4 to areas of the Wirral in 2020 but nothing further has materialised. For further updates about article 4 they will first be published on The Wirral Council’s website. 

 

Wirral Borough Council do have an active selective licensing scheme in place in Birkenhead. The scheme was first introduced on 1st July 2015. This covers all residential let properties in four , therefore all HMOs for less than 5 occupants will need a Selective License.

As standard, any HMO property rented to less than 5 tenants would not normally need a license. However, some borough councils around the UK have introduced selective licensing schemes aimed at improving living standards. Out of the rental stock in Birkenhead, 1 in 3 properties is deemed to be below par, and from the inspections that have been conducted under the selective licensing scheme in Birkenhead, some 70% of properties have required improvement works.  

Should you require a selective license for your small HMO then there is a high chance the Council will conduct an inspection. Any HMO that is rented to five or more tenants is required to have an HMO licence in Birkenhead. If you have an HMO with 7 beds or more then you should already have planning permission to rent the property as an HMO. 

If you have an HMO rented to 6 or less tenants, then you will not need planning permission as there is no article 4 that affects HMOs in Birkenhead.  This is because the change the use of property from a dwelling house (C3) to a house in multiple occupation (C4) is possible under permitted development rights, which means you don’t need to ask the Council for permission. 

However, if you have a house of multiple occupancy with 7 bedrooms or more, then nationally you are required to have full planning permission to convert from whatever use case it is to a “Sui Generis HMO”. 

HMO Deals in Birkenhead

12 bed HMO

12 bed HMO Conversion + Land Dev

Off market deal, conversion of 3 storey detached commercial premises with additional basement and outbuilding. Land to the rear ideal for development of 2 houses STPP 

6 bed student HMO

6 bed Student Tenanted HMO

Off market deal, fully tenanted 6 bed HMO, tenancies until Aug 2023 generating £2550 per month. Landlord looking for quick sale.

9 bed HMO

9 bed Professional Tenanted HMO

A fully tenanted 9 bedroom HMO with a gross rent of £3700. 6 en-suites, 2 bathrooms, 2 living rooms split over 5 floors! The landlord completed a £120,000 full refurbishment in 2019. 

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32 bed HMO Portfolio

A portfolio of 5 HMO properties comprising of 32 professionally let rooms for sale. The properties are all located within a 5 mile radius. The portfolio would benefit from some upgrade and modernisation to some of the properties. Part tenanted.

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