Opportunity to purchase a HMO in Widnes with the potential to generate £22,360 rent pa & gross yield of 19.4%
£115,000
HMO End of Terrace House
VES-WA8-005
INITIAL INVESTMENT
£34,700
Based on
deposit: £28,750
stamp duty: £3,450
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£22,360
GROSS YIELD
19.4%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
1 bathroom
1,474
Fully Furnished
The vendor ideally wants to sell this property with the neighbouring terraced HMO but is open to selling both individually.
Property information
- HMO licenced for 5 persons
- Split over 2 floors
- Shared kitchen
- Shared bathroom
- Access to the courtyard via the kitchen
- Storage space throughout the property
- Off-street parking available
- EPC rating E
- Council tax band B
- The vendor informed us that if the small room (currently a cupboard) on the ground floor was converted into a WC the council would consent to a 6-bed HMO licence.
Rental information
- Room 1 - £85 per week - let since September 2021
- Room 2 - £85 per week - let since November 2019
- Room 3 - £80 per week - let since October 2015
- Room 4 - £90 per week - vacant
- Room 5 - £90 per week - vacant
- Room 6 - £90 per week - vacant
Once fully let, excluding room 6 as the current HMO licence only allows 5 occupants, the rental income is expected to be:
- Aggregate monthly rental income: £1,863.33
- Aggregate annual rental income: £22,359.96
Running costs
The vendor provided us with the following running costs of the property:
- Gas & electric: £232.52 pcm
- Council tax: £150 pcm
- Water: £31.64 pcm
- TV licence: £13.37 pcm
- Cleaner: £100 pcm
- Total cost pcm: £527.53
- Total cost pa: £6,330.36
Location information
- The property is located just a few minutes walk from Widnes town centre
- A number of local amenities are within easy walk
- Widnes railway station is around 1.3 miles from the property
- Easy access to the A562 and A533
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.
Lacey Street,
Widnes,
Borough of Halton,
England,
WA8 7RQ
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