Warrington, WA1 1PG | Investment Property for Sale | VES-WA1-003

Opportunity to purchase a HMO in Warrington generating £60,864 rent pa & gross yield of 10.6%

£575,000

HMO Terraced House

VES-WA1-003

INITIAL INVESTMENT

£167,250

Based on

deposit: £143,750

stamp duty: £21,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£60,864

GROSS YIELD

10.6%

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The property

TENANCY

Tenanted

TENURE

Freehold

16 bedrooms

4 bathrooms

0

4,758

Fully Furnished

This property is also part of a bigger portfolio listing

Property information

  • 16 bedroom HMO
  • All rooms are fully furnished
  • There are 4 shared bathrooms & 2 further WCs
  • EPC rating D
  • Monthly rental income £5,072
  • Parking spaces are let for an additional £35 pcm per space
  • Each room has a card meter which tenants top up and the vendor receives around £500 pcm from this

Running costs

The vendor provided us with the following running costs of this property, all other bills are paid directly by the tenants :

  • Gas & electric bill: £800 pcm
  • Water bill: tbc
  • Cleaner: £100 pcm
  • Total cost pcm: £900
  • Total cost pa: £10,800

Note

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

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, NW

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.

The Warrington Museum and Art Gallery showcases the development of the town and hosts several contemporary and specialist street art exhibitions. Parr Hall, the town’s concert hall, and the Pyramid, an arts centre, provide a multitude of music concerts and shows for all ages year round. Other attractions include Walton Hall and Gardens and Gulliver’s World theme park, as well as Daresbury Church with its Alice in Wonderland stained glass windows.

For nature lovers there are the Trans Pennine Trail, Risley Moss Nature Reserve, Lymm Damm, Culcheth Linear Park, Sankey Valley Park and Victoria Park. Warrington is also well located to access the Peak District, North Wales and the Lake District.

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.

Wilson Patten Street,

Warrington,

Warrington,

England,

WA1 1PG

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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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