Latest Valuation
£160,000
ROCE
25.19%
Selling Agent
Sourced Chester

25.19% ROCE – Discounted Tenanted HMO in Wrexham

This fully furnished property is 1 of 2 HMOs consisting of 4 spacious bedrooms and off-road parking generating immediate cash-flow from day 1.
Guide Price
£155,000

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Key Features

  • Off-road parking
  • Long standing tenants
  • Walking distance to town
  • Close to university
  • Close to Errdig National Trust
  • Generating immediate cash-flow from day 1

The Property

Sourced are thrilled to present this tenanted HMO located in Wrexham, with a fantastic ROCE of 25.19%. This fully furnished property is 1 of 2 HMOs consisting of 4 spacious bedrooms and off-road parking generating immediate cash-flow from day 1.

Located in Wrexham in a quiet residential street close to amenities e.g. the town centre, Wrexham University and the Maelor Hospital and easy access to A55 to Chester and M53 to Liverpool.

Planning Information

N/A

The Plan

Sourced Chester are proud to present this tenanted 4 bed HMO in Wrexham with a fantastic ROI of 11.6%.

Buying this property on a standard 75% LTV BTL mortgage means you will need £45,400 to buy the house and yet the house will repay you £11,436 each year, representing a 25.19% ROCE and fully repaying you in only 4 years.

ROI: 11.6%
Purchase price: £155,000
Estimated rent pcm: £1,500
Deposit (25%): £38,750
Stamp duty: £4,650
Sourcing fee: £4,000
Purchasing costs: £2,000
Total money investment: £45,400
Mortgage payment (3.0%): £388
Management fee (10%): £150
Annual gross profit: £18,000
Annual NET profit: £11,436
ROCE: £11,436 / £45,400 x 100 = 25.19%

The Location

Wrexham is seen as an emerging hub with potential to attract visitors to the area and offering services, attractions and connections to the other main tourist hubs in the County Borough, Erddig Hall, the combined area of Chirk Castle, Chirk and the Glyn Ceiriog Valley and the Pontcysyllte Aqueduct and Canal World Heritage Site.

Wrexham is well connected to most of the UK, through road and rail links just 45 minutes drive from major airports in Manchester and Liverpool and 90 minutes from Birmingham. The Bidston railway corridor provides a sustainable link between Wrexham and Deeside and also provides connections to the Wirral and Liverpool.

Wrexham General also provides a direct train link to Cardiff and Chester, with Chester Station linking to Manchester and London.

Average estimated value for a house in LL13 7RH

£170,000

Properties in Court Road had an overall average price of £170,000 over the last year. Overall, sold prices in Court Road over the last year were 31% up on the previous year and 18% down on the 2017 peak of £206,500.

In 2013 Wrexham Industrial Estate (5 miles from the town centre) was the chosen location for the North Wales prison a £212m investment by the Ministry of Justice. The prison has been fully operational since 2017 with a boost to the regional economy of £23m and created up to 1000 jobs

Wrexham is home to a strong education sector with Glyndwr University, Coleg Cambria and the Wrexham Maelor teaching Hospital, all within a short walk of the town centre. This generates a regular stream of visitors to the town and helps add a sense of vibrancy to the town through the demand for retail, arts, culture and evening activities.

In addition, they create a skilled and well paid workforce while also generating a demand for land and services.

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