Opportunity to purchase a HMO property in Chorley generating £31,620 rent pa & gross yield of 6.7%
£465,000
HMO Detached House
VES-PR6-001
INITIAL INVESTMENT
£145,950
Based on
deposit: £116,250
stamp duty: £27,200
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£31,296
GROSS YIELD
6.7%
The property
TENANCY
Tenanted
TENURE
Freehold
5 bedrooms
3 bathrooms
1 reception room
1,962
Fully Furnished
Property information
- Fully HMO licenced
- 5 x double bedrooms
- 2 of which come with their own ensuite bathroom
- 3 of which share a separate bathroom
- 1 x shared kitchen
- 1 x shared dining room
- Comes with outdoor space at the rear
- Orangery-style conservatory/extension to the rear
- Fully fitted kitchen with all utensils provided
- Kitchen benefits from a dishwasher, double fridge/freezer and double oven
- Utility room with washer & drier operated on Tim 30 pay as used system
- Landscaped two-level garden at the rear
- Double-glazing throughout
- Gas central heating
- There is also the potential to convert the double garage into another double bedroom, with the appropriate permissions
- EPC rating C
- Council tax band E
Rental information
- Room 1 - £498 pcm
- Room 2 - £495 pcm
- Room 3 - £540 pcm
- Room 4 - £595 pcm
- Room 5 - £480 pcm
- Monthly rental income: £2,608
- Annual rental income: £31,296
Running costs
The vendor provided us with the following running costs of the property:
- Council tax: £251 pcm
- Gas & electric: £273 pcm
- Water: £51.56 pcm
- Broadband: £63.50 pcm
- TV licence: £13.25 pcm
- Cleaner: £100 pcm
- Total cost pcm: £752.31
- Total cost pa: £9,027.72
Location information
- The property is located in Chorley
- Chorley town centre is 1.1 miles from the property
- There is a bus stop a short walk from the property with regular services
- Chorley railway station is also 1.1 miles from the property
- Easy access to the M61 at junction 8
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Chorley, Lancashire
Chorley is a town in Lancashire in northwest England. It lies around 8.1 miles north of Wigan, 10.8 miles southwest of Blackburn, 11 miles north-west of Bolton, 12 miles south of Preston and 19.5 miles northwest of Manchester.
The A6 runs through the town centre, connecting Chorley with Luton and Carlisle. The M61 motorway runs to the east of the town connecting it to Bolton and the Lakes. Junctions 6 and 8 serve Chorley. Junction 27 of the M6 also serves Chorley to the west of town, connecting it to Catthorpe Interchange and Gretna in Scotland.
Chorley railway station is located in the town centre and is on the Manchester – Preston Line. There are regular services to Blackpool North, as well as Manchester Airport via Manchester Piccadilly and Hazel Grove.
Chorley and its surrounding area offer a great variety of activities such as Astley Hall, Chorley Theatre, Cedar Farm Galleries, The Anderton Centre, Rock and River Outdoor Pursuits, Rivington Pike, Heskin Hall, Hoghton Tower and Rivington Country Park, to name a few.
Shopping opportunities are provided by the Market Walk shopping centre alongside a mix of smaller unique and independent traders and major high street names. There are several markets held every week too. Every Tuesday stalls are open around the town centre and together with the Covered Market over 100 stall holders sell a great variety of goods. The Covered market operates also on Thursdays, Fridays and Saturdays and there is a special mixed market on Mondays which offers flea market wares alongside regular stall holders. On the second Saturday of the month is a special food and crafts market on Fazakerley Street.
Education is provided by several primary schools as well as six high schools. There are some independent schools outside the borough as well as Runshaw College in nearby Leyland. Lancashire College is based in Chorley and offers a wider range of courses.
The largest employers in the Central Lancashire area are Leyland Trucks and BAE Systems with sites in Leyland and Samlesbury. Other large employers are Telent, FedEx, DXC Technology, Multipart Solutions and Porter Lancastrian.
Daisy Fold,
Chorley,
Lancashire,
England,
PR6 0JU
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