Opportunity to purchase a property in Newton-le-Willows generating £6,000 rent pa & gross yield of 5.5%
£110,000
End Terraced House
VES-WA12-002
INITIAL INVESTMENT
£33,300
Based on
deposit: £27,500
stamp duty: £3,300
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£6,000
GROSS YIELD
5.5%
The property
TENANCY
Tenanted
TENURE
Leasehold
GROUND RENT
£9
4 bedrooms
1 bathroom
1 reception room
1,152
Unfurnished
Leasehold information
- Length of lease: 999 years
- Year lease started: 1885
- Years left on lease: 862 years (from 2022)
- Service charge: n/a
- Service charge review period: n/a
- Ground rent: £9.48
- Ground rent review period: n/a
Property information
- Spread over 2 floors
- The ground floor comprises:
- Hallway
- 2 x living rooms
- Kitchen
- The first floor comprises:
- Landing
- 4 x bedrooms
- Bathroom
- The property comes with small yards to the front and rear
- EPC rating D
- Council tax band B
- Monthly rental income £500
Location information
- The property is located just outside the town centre of Newton-le-Willows
- The town centre is approximately a 5-minute walk away
- Earlestown railway station is the nearest station and only a 6-minute walk from the property
- Newton-le-Willows railway station is 16-minute walk away
- All local amenities can easily be reached on foot
Note
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.
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About Newton-le-Willows, Merseyside
Newton-le-Willows is a small but affluent market town in north west England. It lies halfway between Liverpool and Manchester, around 20 miles from each, around 8 miles south of Wigan and 6 miles north of Warrington.
The town has become a commuter town over time as it’s ideally located with the M6 and M62 motorways passing by as well as the A580 East Lancashire Road. The M6 starts near Rugby, passing Stoke-on-Trent, Liverpool, Manchester, Preston, Lancaster, Carlisle and finally terminating at Gretna. The M62 runs from Liverpool and Hull via Manchester and Leeds.
Newton-le-Willows railway station and nearby Earlestown railway station are well connected with regular trains running to Liverpool and Manchester, St Helens, Warrington, Chester, West Yorkshire and to Llandudno in Wales.
The town comprises of four districts, Earlestown, Wargrave, Vulcan Village and the ancient Newton in Makerfield area. The town centre is now located in Earlestown district, where the main shopping street is Market Street. The shopping area is made up of Bridge Street, Oxford Street, Queen Street and Earle Street.
Wargrave Road,
Newton-le-Willows,
Merseyside,
England,
WA12 8JN
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