Opportunity to purchase a HMO property in Warrington generating £40,140 rent pa & gross yield of 12.5%
£320,000
HMO Terraced House
VES-WA5-011
INITIAL INVESTMENT
£98,100
Based on
deposit: £80,000
stamp duty: £15,600
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£40,140
GROSS YIELD
12.5%
The property
TENANCY
Tenanted
TENURE
Leasehold
7 bedrooms
7 bathrooms
1,875
Fully Furnished
Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.
Leasehold information
- Length of lease: 999 years
- Year lease started: 1897
- Years left on lease: 873 years (from 2023)
- Service charge: tbc
- Service charge review period: tbc
- Ground rent: tbc
- Ground rent review period: tbc
Property information
- Fully HMO licenced
- Spread over 3 floors
- 7 x bedrooms with ensuite shower rooms
- Each bedroom also comes with its own kitchen or kitchenette
- EPC rating D
- Council tax band B
Rental information
- All rooms are fully let
- Monthly rental income: £3,345
- Annual rental income: £40,140
Running costs
The vendor provided us with the following running costs for the portfolio:
- Aggregate monthly cost: £628
- Aggregate annual cost: £7,536
Location information
- The property is located in the Bewsey area of Warrington
- Warrington town centre is less than 1 mile from the property
- There is a bus stop near the property with regular services
- Warrington hospital is just across the street
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, 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.
Folly Lane,
Warrington,
Warrington,
England,
WA5 0ND
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