Opportunity to purchase a 11-unit portfolio generating £315,684 rent pa & 11.4% gross yield
£2,770,000
11-unit HMO Portfolio
VES-WA2-004
INITIAL INVESTMENT
£816,600
Based on
deposit: £692,500
stamp duty: £111,600
mortgage fees: £1,500
conveyancing fees: £11,000
GROSS RENT
£315,684
GROSS YIELD
11.4%
The portfolio
TENURE
Leasehold
NO OF UNITS
11
TENANCY STATUS
Tenanted
FURNISHED
Part and part
TOTAL SQ FT
13,763
PRICE SQ FT
£201
The vendor is happy to sell this portfolio in 2 separate lots too. Please see our other listings for the information.
Portfolio information
- The portfolio is made up of 11 terraced houses comprising:
- 1 x 3-bed property (no HMO licence required)
- 2 x 4-bed properties (fully HMO licenced)
- 3 x 5-bed properties (fully HMO licenced)
- 3 x 6-bed properties (fully HMO licenced)
- 2 x 7-bed properties (fully HMO licenced)
- 8 of the 11 houses have rooms with ensuites and kitchenettes
- 10 of the 11 properties are on long leasehold titles, with over 800 years of the lease remaining
- 1 property is on a freehold title
- EPC ratings C & D
Rental information
- All properties are let at the time of listing
- Aggregate monthly rental income: £26,265.86
- Aggregate annual rental income: £315,190.32
- Aggregate gross yield: 11.4%
Running costs
The vendor provided us with the following running costs for the portfolio:
- Aggregate monthly cost: £4,626
- Aggregate annual cost: £55,512
Available upon request
- Portfolio breakdown
- Leasehold information
- EPCs for all units
Note
Please note that Vesta has not visited all of the properties and that the vendor has provided some of the material.
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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 Warrington & Widnes
Warrington
Warrington is a large town in Cheshire, England, on the banks of the river Mersey. It lies around 20 miles east of Liverpool and 20 miles west of Manchester.
The town is well situated with close access to the M62, M6 and M56 motorways connecting it to a number of cities including Liverpool, Hull, Manchester, Coventry, Birmingham and all the way to Carlisle.
Warrington is also well connected via 2 railway stations. Bank Quay station is on the West Coast Main Line connecting London Euston and Glasgow Central, as well as Manchester Piccadilly to North Wales via Chester. Central station is on the Liverpool to Manchester line and runs services between Liverpool and the North East of England or East Anglia.
Warrington is a historic town and at its heart it still offers great shopping including Golden Square Shopping Centre, home to numerous major brands. There are also a number of out of town retail parks which include Britain’s first Ikea.
There are many job opportunities in the local area including big employers such as Warrington Council, Warrington & Halton NHS Foundation Trust, Hewlett Packard, Sellafield Ltd, Certas Energy, Rolls-Royce Nuclear as well as AECOM, Atkins and CH2M, to name a few.
Widnes
Widnes is a town in Cheshire, England on the northern bank of the River Mersey, directly across from Runcorn. Warrington is around 8 miles to the east and Speke, a part of Liverpool, is around 4 miles west.
Widnes is well connected via road network with the A562 going through the town connecting it to Liverpool and the M57 and M62 motorways.
The town also has two railway stations, Hough Green and Widnes which are operated by East Midlands Railway and Northern. Northern run regular services to Liverpool and Manchester city centre from both stations whilst East Midlands Railway connect Widnes with hourly services to Liverpool, Manchester, Stockport, Sheffield, Nottingham and Norwich. Typically passengers travelling to and from London, the Midlands and the South tend to travel to Runcorn station instead and make the short journey across the Mersey Gateway Bridge by bus or taxi.
There are two airports nearby, Liverpool John Lennon Airport, which is around 6 miles away and Manchester Airport, which is around 25 miles away.
Widnes town centre offers a diverse selection of popular high street stores and smaller independent boutiques as well as Widnes indoor and outdoor markets where one can find groceries, flowers and gifts. Widnes Shopping Park also offers a number of shops and food outlets. Widnes is an industrial town whose main industry is still the manufacture of chemicals.
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