Overview

To the market this 4-bedroom, mid-terraced property situated in Northwich, Cheshire. 

The property is set up as an HMO but due to it being a 4 bedroom property located in a non-article 4 area an HMO licence is not required. Every room is fully let, and collectively the property is producing a rental return of £2,340pcm.

Rooms are let to working professionals and the property has benefited from close to 100% occupancy rate since the refurbishment (full refurbishment which cost in excess of £70,000.00). 

The results are a beautiful living space for tenant with fantastic communal areas, along with fully furnished, modern bedrooms and stylish bathrooms.

The recent refurbishment has allowed the vendor to significantly upgrade the property, which now fully embraces modern-day 'co-living' requirements. 

These new format HMO properties are designed to cater for the increasing demands of modern-day young professionals, thereby allowing investors to capitalise on the higher possible rentals and yields on offer.

Royal Street - Investment Information

Full Address: 7 Royle Street, Northwich, Cheshire

Asking Price: £275,000.00

Number Of Bedrooms: 4

Number Of Bathrooms: 1

Tenure: Freehold

Sqft: 1,200

Garden Space: To the rear

HMO Licence: Not required (4-bedroom property/non-Article 4 area)

Fully Let: Yes

Price range:

4 bedroom House £275,000

10.12% net rental

Monthly Income: £2,340

Reservation:

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

Broker Fee 6%

Exchange though solicitor 

Completed project 

Mortgage or cash