- Fully licensed 9-bed HMO (Licence for 10 residents) +
- Current gross income £4,530 pcm / £54,360 p.a. +
- Social services tenants - consistent demand & low arrears risk +
- Potential income £5,720-£6,315 pcm (£68k-£75k+ p.a.) +
- 9 bedrooms - 5 doubles, 4 singles +
- Current gross yield of 18.1% with the potential to bring this up to 22.8% +
Grange Avenue, Warrington WA4 1QH
Fully Licensed 9-Bed HMO | Established Social Housing Tenants | Asking Price £300,000
Executive Summary
An outstanding opportunity to acquire a high-yielding 9-bedroom House in Multiple Occupation (HMO), ideally positioned within the ever-popular Grange Avenue area of Warrington (WA4).
This property is fully licensed for 10 occupants and is currently operated as a supported living HMO with tenants placed via social services. The property benefits from a strong, consistent income stream, on-site management, and clear scope to increase revenue through full occupancy.
With an asking price of £300,000 and a potential gross annual income of up to £68,640, this property offers an excellent yield and long-term stability in a proven rental market.
Property Overview
Originally two separate three-bedroom terraced houses, 33 and 35 Grange Avenue have been professionally converted into one spacious and compliant HMO through the installation of two 1-hour fire doors between the properties.
The accommodation has been designed to meet both HMO regulations and supported living standards, with high demand for similar setups from local authorities.
Accommodation Summary
9 Bedrooms - 5 Doubles, 4 Singles
Licence: Valid HMO Licence for up to 10 residents
Facilities:
2 x Shower Rooms
3 x Toilets
1 x Fully Equipped Kitchen
1 x Dining / Laundry Room
Current Tenancy & Income
The property is currently part-let to social service tenants, with 6 of the 9 rooms occupied. Tenants pay via housing benefit and top-up contributions.
Scenario Monthly Income Annual Income
Current (6 rooms) £4,530 £54,360
Full (8 rooms) £5,720 £68,640
Potential (9-10 rooms) £6,315+ £75,780+
Financial Summary
Detail Amount
Asking Price £300,000
Current Annual Income £54,360
Potential Annual Income £68,640+
Current Yield 18.1%
Potential Yield 22.8%+