Property description

This is an investment opportunity to purchase 2 neighbouring HMOs in Widnes with the potential to generate £41,080 rent pa.

The vendor ideally wants to sell this property with the neighbouring terraced HMO but is open to selling both individually.

Property information:

- 2 neighbouring terraced HMO properties, comprising:
-- 1 x 6-bed end of terrace house
-- 1 x 5-bed terraced house
- Both are HMO licenced for 5 persons per property
- Tenants share the bathroom and kitchen in each property
- EPC ratings D & E

Rental information:

- The properties are partially let
- Once fully let they are expected to generate a combined:
-- Monthly rental income £3,423.33
-- Annual rental income £41,079.96

Running costs:

The vendor provided us with the running costs of each property, combined these are:

- Gas & electric: £470.52 pcm
- Council tax: £279 pcm
- Water: £58.83 pcm
- TV licence: £26.74 pcm
- Cleaner: £100 pcm
- Total cost pcm: £935.09
- Total cost pa: £11,221.08

Location information:

- The properties are located just a few minutes walk from Widnes town centre
- A number of local amenities are within easy walk
- Widnes railway station is around 1.3 miles from the property
- Easy access to the A562 and A533
Amenities

Tenanted investment properties

2 neighbouring HMOs - fully licenced

Aggregate potential annual rental income £41,080

Aggregate potential gross yield 17.9%

Video walkthroughs available upon request