Bridgeman Terrace, Swinley, Wigan, Lancashire, WN1 1TTOffers Over £215,000
Offers Over £215,000
Fully Licensed HMO
Gas Central Heating
Modern Tasteful Decor
A Brief Walk to Town Centre
Close to Wigan Hospital and Local Amenities
Licensed in Article 4 Zone
Low Maintenance Front and Rear Garden
Potential to Uplift Rents with Ensuite Installation
Early Viewing is a Must
**HMO or Large Family Home*** Sapphire Homes are delighted to offer For Sale this large 5 bedroom, 3 reception room semi detached HMO property that is located in the Article 4 area of Swinley which is within easy reach of Wigan hospital, local amenities and transport links and can be purchased as an ongoing concern. The property has been vacated and offers 6/7 bedrooms but the previous license was approved for 5 bedrooms with 2 reception rooms and returns and annual gross income of approximately £29,400.00. With the correct level of investment and change in the HMO license application / planning, there is a huge opportunity to uplift this to approximately 17%-18% subject to specification following a successful renovation programme which would then allow a notable uplift in the rent. The property may also appeal to a family looking for a large family home. In brief this large semi detached house comprises 2 floors with a large basement boasting additional cellar rooms offering additional scope for conversion (which would allow an increase in the current number of bedrooms subject to planning), There are 6/7 well appointed bedrooms, 1 bathroom and one 1 W.C. As a family home the property would boast 4 bedrooms, 3 reception rooms and 2 bathrooms. The property would benefit from a refurbishment programme and is warmed by gas central heating and benefits from double glazing throughout, a neutral décor and has recently had an electrical upgrade. Externally the property is elevated to the front elevation and has low maintenance gardens. Early internal viewings are highly recommended to appreciate the potential on offer.
EPC for Bridgeman Terrace, Swinley, Wigan, Lancashire, WN1 1TT
Floorplan for Bridgeman Terrace, Swinley, Wigan, Lancashire, WN1 1TT
Virtual Tour for Bridgeman Terrace, Swinley, Wigan, Lancashire, WN1 1TT
Letting Fees Information
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
a holding deposit of no more than one weeks’ rent;
default fee for late payment of rent (after 14 days);
reasonable charges for lost keys or security fobs;
payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
payments associated with early termination of the tenancy, when requested by the tenant; and
payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Application fee including agency fees are (non-refundable)
One applicant is £100.00 + VAT (£120.00)
Two applicants is £150.00 + VAT (£180.00)
Every additional applicant is £50.00 + VAT (£60.00)
If applicants require a guarantor this is also a cost of £50.00 + VAT (£60.00)
For a student, the fees are £150.00 + VAT (£180.00) which is inclusive of a guarantor as all students must have a guarantor.
**As well as the application fee - every single applicant - tenant or guarantor must pay £12.00 + VAT per person for an identity check as part of the Immigration Act 2014 which demonstrates your Right to Rent. These are a legal requirement for anyone wishing to rent property in the United Kingdom**
Upon successfully passing the application the tenant will be required to pay a Holding Deposit in order for the property to remain off the market. This Holding Deposit is transferred upon completion and signing of the Assured Shorthold Tenancy Agreement to the Security Deposit or Rental Account. Withdrawal from application following payment of the Holding Deposit will incur charges as outlined in the Holding Deposit Agreement.
When the tenants are signing the contracts they will be required to pay an Inventory Fee of £25.00 + VAT (£30.00) for unfurnished properties and £35.00 + VAT (£42.00) for fully furnished properties.
There are no further other upfront fees to pay.
Upon check out at the end of the tenancy agreement the tenant(s) will be responsible to pay the inventory check out fee of £25.00 + VAT (£30.00) for unfurnished properties, £35.00 + VAT (£42.00) for furnished properties and a deposit protection fee of £40.00 + VAT (£48.00) which covers the deposit protection costs and agency administration fees in protecting your deposit with an approved government body.
If you require a reference for your new property then these are completed at a cost of £10.00 + VAT (£12.00) per person.