Opportunity to purchase a HMO property in St Helens generating £27,780 rent pa & gross yield of 11.0%
£252,000
HMO End of Terrace House
VES-WA10-005
INITIAL INVESTMENT
£75,660
Based on
deposit: £63,000
stamp duty: £10,160
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£27,780
GROSS YIELD
11.0%
The property
TENANCY
Tenanted
TENURE
Leasehold
5 bedrooms
2 bathrooms
1 reception room
TBC
Fully Furnished
Leasehold information
- Length of lease: 999 years
- Year lease started: 1890
- Years left on lease: 866 years (from 2023)
- Service charge: n/a
- Service charge review period: n/a
- Ground rent: peppercorn
- Ground rent review period: tbc
Property information
- Fully HMO licenced
- Spread over 2 floors
- 5 x bedrooms
- 2 x shared bathrooms
- Shared kitchen
- Shared lounge
- Separate WC on the first floor
- EPC rating D
- Council tax band A
Rental information
- Room 1 - £433 pcm - vacant at the time of listing and advertised to let
- Room 2 - £425 pcm
- Room 3 - £477 pcm
- Room 4 - £525 pcm
- Room 5 - £455 pcm
- Monthly rental income: £2,315
- Annual rental income: £27,780
Running costs
The vendor provided us with the following running costs of the property:
- Total cost pcm: £773.33
- Total cost pa: £9,280
Location information
- The property is located in a residential area just outside the town centre
- St Helens town centre is a 3-minute walk away
- St Helens Central railway station is an 8-minute walk from the property
- All local amenities can easily be reached on foot
- Easy access to the A58
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 St Helens, North West
St Helens is a large town in Merseyside, which is well served by motorway links with the East/West corridors of the M58 and M62 to the North and South of the town respectively. The town is also served by the parallel running North/South routes of the M57 and M6 to the East and West.
Since the millennium, St Helens has become a focus for a whole borough scheme of Urban Regeneration initiatives in coordination with local Housing Authorities, Business and Art Projects in addition to European, Regional and Central Government funding such as the Neighbourhood Renewal Fund, the North West Regional Development Agency and The Mersey Partnership as part of the European Regional Development Fund.
For families seeking a variety of education there are many good options such as St Aidan's CE Primary School primary and Rainhill High School secondary to name a few.
There are a number of great attractions in the town ranging from the famous Ye Ol’ Gror Distillery, the Ridgefield National Wildlife Refuge and the World of Glass.
There are a number of large employers in nearby Warrington such AMEC Foster Wheeler PLC, Lookers PLC, Essar Oil and Certas Energy.
Vincent Street,
St Helens,
Saint Helens,
Merseyside,
England,
WA10 1LD
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