Ellesmere Port, CH65 2BY | Investment Property for Sale | VES-CH65-001

Opportunity to purchase a HMO in Ellesmere Port which will generate a gross yield of 8.6%

£163,000

HMO Terraced House

VES-CH65-001

INITIAL INVESTMENT

£48,900

Based on

deposit: £40,750

stamp duty: £5,650

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£13,978

GROSS YIELD

8.6%

ADD TO FAVOURITES

Sold STC

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The property

TENANCY

Vacant

TENURE

Freehold

4 bedrooms

1 bathroom

1 reception room

900

Fully Furnished

Property information

  • Brand new HMO under development
  • The property is currently undergoing full refurbishment and redecoration works
  • The works are expected to complete by August/October 2021
  • 4 bedrooms
  • 1 reception rooms
  • 1 shared bathroom
  • Communal kitchen
  • EPC rating: the current rating is D, but it is expected that this will improve following the completion of works

Rental information

  • Tenants have already been sourced for this property
  • A 7-year (flexible term) FRI lease has been agreed
  • The tenant pays all bills
  • Agreed monthly rental income £1,164.80

Location information

  • The property is located in the Westminster area of Ellesmere Port
  • Ellesmere Port town centre is 0.6 miles on foot from the property
  • Easy access to the M53 motorway by junction 9

Notes

We are awaiting the floorplan from the vendor as well as internal photos and will add them as soon as they are received.

Following the works the vendor will arrange for a new EPC to be carried out. Once this is received the listing will be updated accordingly.

Please note that Vesta has not visited this property and that the vendor has provided all material.

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 Ellesmere Port, Cheshire

Ellesmere Port is a port town in Cheshire, north-west England. It lies on the southeastern edge of the Wirral Peninsula and is around 6 miles north of Chester, 12 miles south of Birkenhead, 16 miles south-west of Runcorn and 11 miles south of Liverpool.

The A41 road between Birkenhead and Chester lies just south of Ellesmere Port, whilst the interchange of the M53 and M56 motorways lies south-east of the town.

Ellesmere Port railway station is on the Merseyrail Wirral Line and operates frequent services to Birkenhead and Liverpool. Northern Trains also operates a rout to Helsby via Stanlow & Thornton and Ince & Elton, with some trains continuing to Warrington Bank Quay and Manchester Victoria. The local bus station operates frequent services to Chester, Liverpool, Runcorn, Elton, Helsby, Frodsham, Birkenhead and Neston. Stagecoach runs bus services to Mold in North Wales.

There are several shopping areas in Ellesmere Port with a number of shops available in the town centre including the Port Arcades which is home to well-known high street brands. The local indoor market offers several smaller and independent retailers. Cheshire Oaks Designer Outlet can be found near the M53 with further shops at The Coliseum Leisure Park.

Some of the local attractions include the National Waterway Museum, Hooton Park Trust, Blue Planet Aquarium and Chester Zoo which is accessible via the A41.

There are also plenty of opportunities for outdoor and sports enthusiasts such as Rivacre Valley Nature Reserve, Ellesmere Port Sports Village, Ellesmere Port Golf Centre, Whitby Sports and Social Club and the Epic Leisure Centre.

The service sector makes up a large portion of the local employers whilst other large industries remain from the towns past such as Stanlow oil refinery, a chemical works and the Vauxhall Motors car factory.

Egerton Street,

Ellesmere Port,

Cheshire West and Chester,

England,

CH65 2BY

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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