6-Bedroom Hmo For Auction

A 6-bedroom HMO (5 doubles and 1 single) with 2 off suite bathrooms which is fully let and producing a combined rental income of £2,913 pcm (£34,956 per annum). The property was refurbished to a high standard in 2021, benefiting from UPVC double glazing and gas central heating, and is fully managed. The property is located off Cowley Hill Lane in Dentons Green; a leafy, residential suburb of St. Helens, popular for its quality local schooling and access to Parks. The town centre is also just a short drive away providing a wealth of local amenities, stores, food/drink establishments and easy access to the A580 provides excellent commuter links to Liverpool and Manchester. St Helens train station is 0.8 miles away. The property presents an opportunity to acquire a well-let and fully managed residential investment or, alternatively, it could be turned back to a family home in the future. Ground Floor Entrance Hall Bedroom 1 Bedroom 2 Kitchen Shower Room First Floor Bedroom 3 Bedroom 4 Bedroom 5 Shower Room Second Floor Bedroom 6 There is a raised forecourt to the front and enclosed courtyard garden to the rear. For any pre-application advice, interested parties should consult directly with the Local Planning Authority: St Helens Borough Council, Planning Policy Team, St Helens Town Hall, Victoria Square, St Helens, WA10 1HP. Telephone: 01744 676 190. Email: planningpolicy@sthelens.gov.uk The property is listed with a Council Tax assessment in Band B. We understand the property is held leasehold for 900 year from 9 August 1899. The property is fully let and currently producing the following rents: Room 1: £510 pcm / £6,120 pa (from May 2026) Room 2: £490 pcm / £5,880 pa (from June 2026) Room 3: £475 pcm / £5,700 pa (from Feb 2025) Room 4: £490 pcm / £5,880 pa (from Dec 2024) Room 5: £515 pcm / £6,180 pa (from Aug 2025) Room 6: £433 pcm / £5,196 pa (from May 2021) Building Information We have been made aware of some manageable structural issues, as follows: •Front Retaining Wall – The front garden retaining wall and stair wall are leaning due to inadequate structural design and require rebuilding to provide adequate support. •Front and Kitchen Bay Windows – Cracking above both bay windows has been attributed to deflection of the existing timber bressumer beams, which should be replaced. •Rear Outrigger Wall – The side wall to the rear outrigger is bulging as a result of inadequate lateral restraint. Additional restraint is recommended to improve stability. •Rear Internal Movement – Cracking to the rear of the property has been linked to movement caused by an inadequately supported internal partition. Structural strengthening is recommended. •Landing Opening – Cracking above the landing opening has been caused by inadequate structural support and requires the installation of a suitable lintel. •Loft Conversion – Cracking within the loft room has been attributed to roof spread resulting from increased loading within the converted roof space. Strengthening works to the roof structure are recommended. No work has yet been undertaken to remedy the issues but the seller has obtained a full structural survey, which is available in the legal pack. The Structural Engineer considers the defects to be repairable and recommends that the majority of the remedial works are undertaken within 12 months, with the exception of the lateral restraint works to the rear outrigger wall, which can be incorporated into a longer-term maintenance programme. The estimated cost of the remedial works is £23,000. Prospective buyers, particularly those reliant on mortgage financing are advised to make all necessary independent enquiries (such as with their chosen lender, and building insurance provider) prior to bidding, as any bid made will be binding.