Overview

On the market this fantastically finished 10-bedroom HMO property in Warrington. The development is a grade 2 listing building with the full refurbishment being done within regulations to the highest possible standard.

The renovation was completed last year and has recently secured its first set of tenants. Each bedroom has an en-suite bathroom with tenants also benefitting from communal areas that would be at the envy of most owner occupiers. Every apartment comes fully furnished with carpet flooring and intercom systems for added security for each tenant.

Investment Information

- Address: Bewsey Road, Warrington WA5 0JT

- Asking Price: £950,000.00

- Number Of Bedrooms: 10

- Number Of Bathrooms: 10

- Semi detached Grade 2 listed building. Full refurbishment has been in line with building regs.

- On street parking.

- Front and rear gardens.

- Freehold

- Sqft Of The Property: 3,024

- All rooms are currently tenanted.

- No tenants behind on rentals.

- 6 months is the average tenancy length. With the development being new we would expect a lot of tenants to stay longer than 6 months, but we don’t have the data to back that up currently.

- The HMO is currently self-managed.

- Valid HMO license is in place.

- Finished to one of the highest specs we have seen for an HMO property.

- Current Rental Income: £7,500.00pcm

- Gross Annual Rental Income: £90,000.00

- Yield: 9.5%

- Bills are included in the rental payments.

Reasons To Invest In Warrington

- Warrington has one of the highest numbers of business HQs in the North West, with some of the companies being Sellafield (a leading nuclear engineering company), United Utilities (UK’s largest listed water company), Omega, Electricity North West, G&J Distillers, New Balance, Sonova UK, European Metal Recycling and Certas Energy to name a few.

- Located between 2 international airports (Liverpool & Manchester), linked to 3 major motorways (M6, M62 and M56) and rail connections to London, Birmingham, Leeds, Glasgow & Edinburgh.

- Being located within proximity to the expansive Cheshire countryside and two major cosmopolitan cities, Warrington offer thew best of both rural and urban life. With rental prices in the two major city centres increasing dramatically, working professionals are looking outside of the cities to find better value for money.

- Over 2.5 million people of working age living within a 30-minute drive of Warrington. 40% of the local workforce are educated to degree level and above.

Price range:

10 Bedroom HMO £950,000

Reservation:

£2,000 reservation fee (takes the unit off the market)

Broker Fee 6%

Exchange though solicitor 

Completed project 

Mortgage or cash