ADDRESS47, Junction Lane, Sutton, St Helens, WA9 3JN
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON24th February 2021
A great example of a high-yielding HMO in St Helen's which offers a low-entry purchase price for a new investor and the benefit of a good local managing agent that we can recommend. Offering an excellent gross yield of 13.87% based on an income of £24,960 which has been achieved with fantastic historical occupancy since renovation.
5 Bedroom HMO, Recently converted from doctors surgery with full planning consent. The properties were actually two terrace houses and now provide spacious and modern accommodation to local working tenants.
With all bedrooms, 2 shower rooms, a large kitchen, separate laundry room & a large yard to rear, all having been refurbished last year there should be no further costs required. There are inter-linked smoke and heat alarms in the bedrooms and communal areas, plus stand alone smoke alarms in each bedroom, this was done at the request of the local council. Fire doors are fitted to every bedroom with brush smoke seals installed rather than just intumescent strips fitted.