Opportunity to purchase a HMO property in Widnes generating £26,820 rent pa & gross yield of 15.3%
£175,000
HMO Terraced House
VES-WA8-010
INITIAL INVESTMENT
£52,500
Based on
deposit: £43,750
stamp duty: £6,250
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£26,820
GROSS YIELD
15.3%
The property
TENANCY
Tenanted
TENURE
Leasehold
GROUND RENT
£15
6 bedrooms
2 bathrooms
1 reception room
1,184
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: 1,000 years
- Year lease started: 1872
- Years left on lease: 849 years (from 2023)
- Service charge: NIL
- Service charge review period: n/a
- Ground rent: £15 pa
- Ground rent review period: n/a
Property information
- Fully HMO licenced
- Spread over 3 floors
- 6 x bedrooms
- 2 x shared bathrooms
- Shared lounge
- Shared kitchen
- EPC rating C
- Council tax band A
Rental information
- All rooms are fully let
- Monthly rental income: £2,235
- Annual rental income: £26,820
Running costs
The vendor provided us with the following running costs for the property:
- Aggregate monthly cost: £350
- Aggregate annual cost: £4,200
Location information
- The property is located in the West Bank area of Widnes
- Widnes town centre is 0.7 miles from the property
- There is a bus stop a short walk from the property with regular services
- Easy access to the A533
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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 Widnes, Cheshire
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.
There are also a number of community facilities such as the library in Victoria Square, The Queens Hall Studio, Victoria Park, Kingsway Leisure Centre and Hive Leisure Park.
Education is provided by a number of primary schools, nursery schools, three secondary schools, Riverside College and three special schools.
Widnes is an industrial town whose main industry is still the manufacture of chemicals.
Church Street,
Widnes,
Borough of Halton,
England,
WA8 0QU
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