Latest Valuation
£75,000
Yield
14%
Selling Agent
Sourced Warrington

A Versatile BTL/HMO Property with 9-14% Yield

A large property with different options
Guide Price
£70,000

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Key Features

  • Off-Road Parking
  • Rear Garden
  • Close to the Town Centre
  • A Large Property with Different Options

The Property

This 4 bed townhouse makes an ideal buy to let or a HMO investment.

As a BTL, the options are a family let or Local Housing Allowance tenants, with an agent in place to handle lettings and management.

Family lets are approximately £550 per month (9% yield), the 3 bed LHA rate is £592.90 per month which is an 10% yield and the 4 bed LHA rate is £871.93 pm which is 14% yield.

The property offers off-road parking and there are patio doors leading from the kitchen/diner to the rear garden. Ideally placed, just over half a mile from Runcorn town centre, which has a selection of supermarkets, the cinema and other usual town centre conveniences. On the ground floor, there is a bedroom at the front and a kitchen/diner to the rear, leading to the garden. The first floor has a lounge and bedroom and the second floor has 2 further bedrooms.

Planning Information

N/A

The Plan

This is ideal for an investor wanting a low priced buy to let, with the potential of a high yield, using the 3 or 4 bed Local Housing Allowance (LHA) rates, which for this year stand at £136.93 pw / £592 pcm and £201.37 pw and £871.93 pcm.

Alternatively, the property can be used as a let to a working family, which would generate around £550 pcm.

A local letting agent is available to offer a hands-free investment.

Sourcing fee: £3,000

The Location

The property is within walking distance to the centre of Runcorn. Runcorn is an industrial town and cargo port in the Borough of Halton in Cheshire, England. Its population in 2011 was 61,789. The town is in the southeast of the Liverpool City Region on the southern bank of the River Mersey, where the estuary narrows to form the Runcorn Gap. There are 3 bridges in Runcorn, including the Silver Jubilee Bridge. To the north, across the River Mersey, is Widnes, with Warrington 7 miles (11 km) to the northeast and Liverpool 11 miles (18 km) to the northwest.

Its location between Liverpool and Manchester and its links to the rail, motorway and canal networks have made it a centre for logistics, manufacturing, energy, and wholesale and retail.

Average estimated value for a house in WA7

£158,000

Recent sold prices can be found on Rightmove: https://www.rightmove.co.uk/house-prices/wa7-5yu.html

Current lettings can be found on Rightmove at: https://www.rightmove.co.uk/property-to-rent/find.html?locationIdentifier=POSTCODE%5E1273805&radius=0.25&propertyTypes=&includeLetAgreed=true&mustHave=&dontShow=&furnishTypes=&keywords=