Pleasley Road, Whiston

Completed project | Whiston

A tenanted semi-detached property with existing income in place and a buyer-facing guide below open-market value. The case shows how rent, condition, valuation evidence and discount-to-OMV can be used to frame an income-led acquisition route.

Primary result

18% below OMV

Yield

5.63% gross yield

Delivery scale

2-bed semi-detached

Route / strategy

Tenanted assets

Story

The situation

The property was already tenanted and producing £750 per month, equivalent to £9,000 per annum. The asset was recorded in mint condition, with both OMV and GDV shown at £195,000. The case was therefore less about works and more about presenting the existing income and value gap clearly.

The problem

A simple tenanted asset can still be difficult to assess if the buyer only sees rent in isolation. The opportunity needed to show how the current income, condition, valuation position and ownership route fit together without exposing internal acquisition spread.

What was done

Root Home framed the property as an income-led residential asset, using a public guide of £160,000 against £9,000 annual rent and a £195,000 OMV. This created a buyer-facing gross yield of around 5.63% while still showing a meaningful discount to open-market value.

Project media

Delivery and works

Scope

No works route was central to the case study. The property was already tenanted and recorded in mint condition, so the buyer assessment focused on income, value and ownership route rather than refurbishment upside.

Execution

The opportunity was assessed against current rent, OMV/GDV evidence and buyer-facing yield pricing. The guide price was set below OMV while keeping the return within a sensible income-led range.

Stabilisation

The property was already income-producing, with a tenant in place and £750 per month recorded rent. The stabilised position therefore existed at the point of buyer assessment.

Financial outcome

Total cost

£160,000 guide

Total capital deployed.

End value

£195,000 OMV

Delivered value.

Profit or uplift

18% below OMV

Primary project result.

Yield

5.63% gross yield

Reported where relevant.

Programme

Income in place

Total programme.

Units delivered

2-bed semi-detached

Output delivered.

Result and impact

Operational result

The asset could be presented as a straightforward tenanted acquisition route, with income already in place, a visible discount to OMV and a clear ownership case for buyers seeking lower-touch residential stock.

Who benefits

A buyer seeking income-producing residential stock benefits from existing rent, a clear condition position and a guide price below open-market value.

Why it matters

This case shows how tenanted assets can be framed without overcomplication: rent in place, value evidence, discount to OMV and a clear buyer-facing acquisition route.

Lessons and strategic value

– Existing income provides a clear basis for buyer assessment.
– Discount to OMV supports the acquisition case without relying on speculative uplift.
– Good condition and tenant history reduce the complexity of the opportunity.
– Clear pricing helps income-led buyers decide whether the asset fits their criteria.

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