Runcorn, WA7 2AT | Investment Property for Sale | VES-WA7-002

Opportunity to purchase a HMO in Runcorn generating £58,800 rent pa & gross yield of 10.7%

£550,000

HMO Semi-Detached House

VES-WA7-002

INITIAL INVESTMENT

£174,000

Based on

deposit: £137,500

stamp duty: £34,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£58,800

GROSS YIELD

10.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

10 bedrooms

10 bathrooms

0

2,712

Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 1869
  • Years left on lease: 846 years (from 2022)
  • Service charge: n/a
  • Service charge review period: n/a
  • Ground rent: £12 10 shillings
  • Ground rent review period: tbc

Property information

  • Fully HMO licenced for 14 occupants in 10 bedrooms
  • 10 x ensuite bedrooms
  • 2 x shared kitchen/living spaces
  • EPC rating C
  • Council tax band A
  • Off-road parking for 8 cars

Rental information

  • Room 1 - £490 pcm
  • Room 2 - £490 pcm
  • Room 3 - £490 pcm
  • Room 4 - £490 pcm
  • Room 5 - £490 pcm
  • Room 6 - £490 pcm
  • Room 7 - £490 pcm
  • Room 8 - £490 pcm
  • Room 9 - £490 pcm
  • Room 10 - £490 pcm
  • Total rent pcm: £4,900
  • Total rent pa: £58,800

Running costs

The vendor provided the following running costs for the property:

  • Council tax: £180 pcm
  • Gas bill: £150 pcm
  • Electric: £150 pcm
  • Water bill: £50 pcm
  • Wifi: £50 pcm
  • Cleaner: £50 pcm
  • Total cost pcm: £630
  • Total cost pa: £7,560

Location information

  • The property is located in Halton, just outside of the centre of Runcorn
  • Runcorn town centre is just under 2 miles from the property
  • The Trident Retail Park is a 10-minute walk from the property
  • Phoenix Park can be reached in 10 minutes in the other direction
  • Easy access to the A533

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 Runcorn, Cheshire

Runcorn is a town in the Borough of Halton in Cheshire. It lies around 8 miles south-west of Warrington and 14 miles south-east of Liverpool.

The town is surrounded by expressways which from a ring road in a figure of eight keeping all through traffic off local roads. They link to Widnes, Liverpool and Chester in the north, to Warrington in the east, to Northwich in the south and to Frodsham in the west. The M56 runs to the west of Runcorn connecting it to the M6 at Lymm Poplar 2000 services.

Runcorn has two railway stations, Runcorn and Runcorn East. Runcorn railway station is located in the old town and is on the Liverpool branch of the West Coast Main Line, providing services to Liverpool Lime Street and London Euston, as well as Birmingham New Street. Runcorn East railway station is located in Murdishaw and provides services to Warrington, Manchester, Chester and North Wales.

Liverpool John Lennon Airport is around 8 miles away, whilst Manchester Airport is around 22 miles away.

There are several noteworthy landmarks in Runcorn, such as the Grade I listed Halton Castle and Norton Priory. A number of the local Grade II listed buildings are located by Halton Castle, such as Seneschal’s House, Halton Old Hall, Chesshyre Library and Halton Vicarage. Bridgewater House is another prominent landmark and Grade II listed building

Runcorn’s main shopping area is Shopping City in the centre of town as well as a smaller centre at the old town.

The open spaces in Runcorn form part of Mersey Forest and aside from local parks and allotments there are four large parks: Town Park, Phoenix Park, Runcorn Hill Park and Local Nature Reserve and Wigg Island. These parks offer a variety of outdoor activities such as a dry ski slope, miniature railway, rock climbing wall, skate park and BMX track, woodland walks, playgrounds, a lake, and bird watching hides.

Runcorn is ideally located between Liverpool and Manchester and has excellent transport links via rail, road and canal networks, which have made it a centre of manufacturing, logistics, wholesale and retail. Whilst chemical manufacturing was the dominant sector the economy has now diversified into aerospace, automotive, as well as services and logistics sectors.

Main Street,

Runcorn,

Borough of Halton,

England,

WA7 2AT

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