5-bed HMO In Town Centre Location
Wrexham, Clwyd
£210,000

Net
Gross
Finance

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Assetz Property is excited to offer this outstanding HMO (House in Multiple Occupation) investment deal. Located right in the heart of Wrexham town centre with public transport links close by, including Wrexham Central train station just a few minutes away, this property is perfect for commuters, students and local professionals alike.

Why invest in HMOs?

  • HMO properties generate large amounts of cash
  • Yields are much higher
  • You’re less at risk from voids – if one tenant moves out, you still have other rooms tenanted
  • There is less exposure to arrears – with multiple tenants, you are less exposed if a tenant falls behind on their rent as there are still other tenants paying
  • HMO properties offer you more freedom – because you’re making a large amount of profit from one property, you don’t need to manage multiple different addresses to achieve the same income

Location

 

Wrexham is the second largest town in North Wales, with a resident population in excess of 135,000. The area’s population increased by 5% from 2001 to 2011, with Welsh Government forecasts predicting a further 10% increase in the population by 2039, the second largest growth rate in Wales.

As well as having a growing population, Wrexham also has a strong and diverse economy that shows every sign of maintaining the substantial growth that took place most notably in the 1990s and over past 10 years. Again, Welsh Government statistics reveal that there are over 8,910 active businesses based within the County Borough, a 26% increase since 2010.

In terms of disposable income, Wrexham has a larger percentage of economically active people, compared to both the Wales and the UK average.



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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.