No longer on the market
This property is no longer on the market
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Floorplan
Map10 bedroom house
Key information
Features and description
- 10 bed HMO
- 10 Bathrooms
- Finished to a very high standard
- Grade 2 listed building, refurbished within building standards
- Fantastic communal spaces
- Popular with tenants
- All bills incorporated within the rental incomes
- Low operating costs for the size of the property
Pure Investor brings to 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: 115 Bewsey Road, Warrington WA5 0JT
- Asking Price: £895,000.00
- 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: 10.05%
- Bills are included in the rental payments.
Mortgage Finance For HMO Properties
We partner with a mortgage broker who offers a specialist service for HMO mortgages and related finance. Experienced investors will understand that mortgages for HMO are based on different criteria than your standard residential buy-to-let. In particular, the ability to secure an investment valuation for the HMO (as against a bricks-and-mortar valuation) can often be the deciding factor on whether or not you are able to proceed with the purchase.
If you are looking to invest in an HMO property, and are currently considering your options for finance, please let us know and we would be delighted to make an introduction on your behalf.
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