Investment Type: BUY-TO-LET
Est. Completion: AVAILABLE
- Full address: 77 Vincent Street, St Helens WA10 1LD
- Asking Price: £250,000.00
- Property Type: Mid terraced (5 bed HMO)
- Currently Fully Tenanted
- Average Rental Per Room: £108.60 per week
- Gross Annual Income: £28,236.00
- Estimated Running Costs: £9,283.15
- Net Income: £18,952.85
- Gross Yield: 11.2%
- Net Yield: 7.52%
Why invest in St Helens?
Once known as the gateway to the world, the northwest has excellent roots in a variety of industries – namely the logistics and manufacturing industries. St Helens is home to more than 300 manufacturing businesses that employ upwards of 6,000 people making the town an attractive place to set up for businesses from sole traders and entrepreneurs to large multi-nationals such as NGF and Nichols Foods who are proud to the call the town home.
St Helens is seeing tremendous economic growth and investment with the East Merseyside area experiencing a 40% increase in Gross Value Added (GVA) over the last 10 years. This growth has created the potential for 8,000 new homes to be built by 2033, highlighting the demand for housing as people flock to the area known as “The Northern Powerhouse”.
St Helens also boasts a healthy level of redevelopment with a proposed £300 million scheme to rejuvenate the town centre in order further attract people to this illustrious northern town. The scheme aims to create distinctive quarters from shopping and heritage to education and growth generating attracting areas for visitors, no matter their goals. The key developments will include enhanced shopping and leisure areas further improving the area’s economy.
Buy-to-let Property in St Helens
When looking at property price data from Zoopla, it is clear that the town has seen house prices soar in recent years creating an opportunity for investors to provide lucrative rental alternatives to residents in the area as they look for housing in the growing economy.
Not only does St Helens boast a booming economy and excellent industrial roots but it also has access to an excellent range of educational institutions. The town is situated within 30 minutes of 100,000 students attending any number of 12 universities and colleges, making the area ideal for student property investment opportunities.
There’s a little bit of everything in St Helens which makes the town an idyllic location for career-makers looking to escape the busy life of the city while also maintaining an easy connection through its transport links. The digital industry in the area is growing, and with the influence of the northern media powerhouses in Liverpool and Manchester, St Helens is primed to become the place to be for professionals in a wide range of roles and industries, once again highlighting the growing demand for housing and property.
Manchester, United Kingdom
If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.
Call: +44 (0) 161 337 3890