Hanover Street, Warrington, WA1
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
2
- SIZE
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Key features
- Fully Tenanted - Income from day one
- Strong 9.9% Gross Yeild
- Town Centre Location
- Mixture of self-contained flat & Multi-let accommodation
- Established Rental History
- Leasehold
- Granted: Convert 6A (Flat) & 6B (C4 HMO) back to 1 property, to Sui Generis, 7 bed, 7 person HMO
Description
An excellent opportunity to acquire a fully income-producing property in central Warrington, generating £1,975 per calendar month (£23,700 per annum) and delivering a gross yield of approximately 9.87% at the asking price of £240,000.
The property is arranged as one building configured into two distinct income streams, offering both stability and diversification within a single freehold title.
6A comprises a self-contained one-bedroom flat, arranged in a traditional layout with living room, kitchen, double bedroom and bathroom. The flat is currently let at £600 per calendar month, providing reliable single-tenancy income.
6B is configured as a three double bedroom multi-let. Room 1 benefits from its own private living space and currently achieves £475 per calendar month, while Rooms 2 and 3 generate £450 per calendar month each. The tenants share a communal kitchen and bathroom. In total, 6B produces £1,375 per calendar month.
Combined, the property delivers a total rental income of £23,700 per annum across four income-generating tenancies. The hybrid structure, blending a self-contained flat with multi-room accommodation, provides diversified rental income, helping to mitigate void risk while maintaining strong overall yield performance.
The property is being sold with tenants in situ, allowing a purchaser to benefit from immediate income from day one. Its sub-£250,000 price point makes it an accessible addition to both growing and established portfolios, particularly for landlords seeking strong cash flow in established town centre locations.
WA1 remains a consistently popular rental area, attracting working professionals due to its excellent transport links, proximity to employment hubs and relative affordability compared with surrounding commuter towns. Continued demand supports both occupancy levels and future rental growth potential, subject to market conditions.
Permission Granted: Convert 6A (Flat) & 6B (C4 HMO) back to 1 property, to Sui Generis, 7 bed, 7 person HMO.
This is a compact, high-performing asset offering immediate return, diversified income and long-term strategic appeal.
Asking Price: £240,000
EPC rating: D. Tenure: Leasehold,- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Hanover Street, Warrington, WA1
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Visit our security centre to find out moreDisclaimer - Property reference P2360. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northwood, Warrington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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