Warrington, WA5 1UB | Investment Property for Sale | VES-WA5-004

Opportunity to purchase a HMO in Warrington with the potential to generate £25,920 rent pa

£231,000

HMO Terraced House

VES-WA5-004

INITIAL INVESTMENT

£103,950

GROSS RENT / YIELD

£25,920 / 11.2%

NET RENT / YIELD

£19,909 / 8.6%

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The property

TENANCY

Vacant

TENURE

Freehold

6 bedrooms

2 bathrooms

1 reception room

1,444

Fully Furnished

Property information

  • Spread over 3 floors
  • 6-bed HMO
  • 1 kitchen and 1 dining room
  • Dining room leads out into the courtyard
  • 2 bathrooms and 1 WC on the ground floor
  • EPC rating D

Potential rental income

Once fully let the property can achieve:

  • Aggregate monthly income: £2,160
  • Aggregate annual income: £25,920

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£25,920

Equivalent of £2,160 per calendar month (PCM).

GROSS RENTAL YIELD

11.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£19,909

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

8.6%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£6,011

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

Lovely Lane,

Warrington,

Warrington,

England,

WA5 1UB

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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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