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AGENT'S DETAILS


Quality HMO in Cheshire

For sale: POA|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
ADDRESS114, Wilderspool Causeway, Warrington, Cheshire, WA4 6PU
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd February 2021

DESCRIPTION

114, Wilderspool Causeway, Warrington, Cheshire, WA4 6PU

The Property Advantage are pleased to present this fantastic late Victorian Town House with period features that fronts on to the A49 and within walking distance to both Warrington town centre and Stockton Heath. The building was totally refurbished / re-developed to a high standard in 2015 into an 8-bedroom HMO, over three floors. 3 of the rooms have kitchenette areas, 3 communal bathrooms and a communal kitchen. There is parking to the rear. The property has the potential for further development into the loft space by increasing the roof height which would be in keeping with the neighbouring properties. Subject to planning a further 2 bedrooms could be added.

The property also benefits from; Original period features, High ceilings, Development potential to add value, Commercial grade fire alarm, High tenancy demand due to location, great Historical Occupancy. A established well run HMO.

Income: £36,516 PA / £3,043 PCM

Gross Yield 11.59%

Current Income:

Room 1 = £390 PCM / Room 2 = £400 PCM / Room 3 = £390 PCM

Room 4 = £412 PCM / Room 5 = £368 PCM / Room 6 = £303 PCM

Room 7 = £390 PCM / Room 8 = £390 PCM / Total = £3,043 PCM / £36,516 PA

Expenditure:

Broadband = £28.00 PCM / Cleaner = £39.00 PCM / Tv Licence = £13.12 PCM / Water = £39.70

Gas= £110.00 PCM / Electric = £90.00 PCM / Council Tax = £115.00 PCM

Total = £434.82 PCM / £5,217.84 PA

Income
Room 1 = £390 PCM / Room 2 = £400 PCM / Room 3 = £390 PCM

Room 4 = £412 PCM / Room 5 = £368 PCM / Room 6 = £303 PCM

Room 7 = £390 PCM / Room 8 = £390 PCM / Total = £3,043 PCM / £36,516 PA

Expenditure:

Broadband = £28.00 PCM / Cleaner = £39.00 PCM / Tv Licence = £13.12 PCM / Water = £39.70

Gas= £110.00 PCM / Electric = £90.00 PCM / Council Tax = £115.00 PCM / Total = £434.82 PCM / £5,217.84 PA

Features
Excellent 8 Bed HMO

Gross Yield : 11.59%

Gross Income £36,516 PA

Refurbished To A High Standard

Potential Further Development

Buyers Fee Applies

LOCATION

Location: 114, Wilderspool Causeway, Warrington, Cheshire, WA4 6PU

Warrington Bank Quay (0.6 miles)

Warrington Central (0.7 miles)

Padgate (2.3 miles)

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