Warrington | Investment Property for Sale | VES-WA5-007

Opportunity to purchase a 6-unit portfolio in Warrington generating £180,684 rent pa & 11.7% gross yield

£1,545,000

6-unit HMO Portfolio

VES-WA5-007

INITIAL INVESTMENT

£457,350

Based on

deposit: £386,250

stamp duty: £63,600

mortgage fees: £1,500

conveyancing fees: £6,000

GROSS RENT

£180,684

GROSS YIELD

11.7%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

6

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

7,591

PRICE SQ FT

£204

_Please note that this smaller portfolio is also part of a larger portfolio. _

Portfolio information

  • The portfolio is made up of 6 terraced houses comprising:
    • 1 x 3-bed property (no HMO licence required)
    • 1 x 4-bed properties (fully HMO licenced)
    • 1 x 5-bed properties (fully HMO licenced)
    • 1 x 6-bed properties (fully HMO licenced)
    • 2 x 7-bed properties (fully HMO licenced)
  • 5 of the 6 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
  • Council tax bands A & B

Rental information

  • All properties are let at the time of listing
  • Aggregate monthly rental income: £15,057
  • Aggregate annual rental income: £180,684
  • Aggregate gross yield: 11.7%

Running costs

The vendor provided us with the following running costs for the portfolio:

  • Aggregate monthly cost: £2,567
  • Aggregate annual cost: £30,804

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.

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.

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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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