Superb 13 Bed Professional HMO

Wellington Street, Widnes WA8

REF 1166

  • INVESTMENT

    £465,000

  • GROSS YIELD

    11.87%

  • ANNUAL RENT

    £55,200

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  • INVESTMENT

    £465,000

  • GROSS YIELD

    11.87%

  • ANNUAL RENT

    £55,200

  • REF

    1166

DESCRIPTION

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Wifi Enabled Heating
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £465,000
  • Gross Annual Rent £55,200
  • Gross Monthly Rent £4,600
  • Gross Yield 11.87%
  • Net Monthly Rent £3,520
  • Net Yield 9.08%
  • Min 25% Deposit Requirement £116,250
  • Monthly Mortgage Payment* £727
  • Monthly Cashflow £2,793

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £465,000.

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Property

  • Property Type Freehold Block
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 48E
  • Size 3509 ft²
  • Listed Building No
  • Kitchens 2
  • Double 13
  • Reception Rooms 1
  • Shared Bathrooms 4
  • Property Type Freehold Block
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 48E
  • Size 3509 ft²
  • Listed Building No
  • Kitchens 2
  • Kitchenettes 13
  • Double 13
  • Reception Rooms 1
  • Shared Bathrooms 4
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 13
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 13
  • Unit 1
  • £360
  • Let
  • Double Room
  • Unit 2
  • £350
  • Let
  • Double Room
  • Unit 3
  • £330
  • Let
  • Double Room
  • Unit 4
  • £450
  • Let
  • Double Room
  • Unit 5
  • £400
  • Let
  • Double Room
  • Unit 6
  • £260
  • Let
  • Double Room
  • Unit 7
  • £280
  • Let
  • Double Room
  • Unit 8
  • £300
  • Let
  • Double Room
  • Unit 9
  • £320
  • Let
  • Double Room
  • Unit 10
  • £400
  • Let
  • Double Room
  • Unit 11
  • £400
  • Let
  • Double Room
  • Unit 12
  • £350
  • Let
  • Double Room
  • Unit 13
  • £400
  • Let
  • Double Room
  • Total £4600
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Costs

  • Gas £250
  • Water £170
  • Wifi £110
  • Electric £250
  • Cleaner £100
  • TV Licence
  • Insurance £60
  • Council Tax £140
  • Gas £250
  • Water £170
  • Wifi £110
  • Electric £250
  • Cleaner £100
  • TV Licence
  • Insurance £60
  • Council Tax £140
  • Total £1,080
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2023-10-01
  • HMO License in Place Yes
  • No of Persons 13
  • HMO Licensing Cost £1000
  • Units of Accomodation 13
  • Licensing Authority Halton Borough Council
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2023-10-01
  • HMO License in Place Yes
  • No of Persons 13
  • HMO Licensing Cost £1000
  • Units of Accomodation 13
  • Licensing Authority Halton Borough Council
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Widnes, WA8 0BF, United Kingdom

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BROCHURE

Download the investment brochure
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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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