Willis Street, Warrington

Completed project | Warrington

A tenanted mid-terrace property with stronger rental income, a clear value opinion and buyer-facing pricing set below OMV. The case shows how a higher-rent tenanted asset can be framed around yield, discount and practical acquisition logic.

Primary result

10% below OMV

Yield

6.86% gross yield

Delivery scale

3-bed mid-terrace

Route / strategy

Tenanted assets

Story

The situation

The property was already tenanted and producing £900 per month, equivalent to £10,800 per annum. It was recorded in fair condition, with OMV at £175,000, GDV at £200,000 and a £25,000 refurbishment estimate.

The problem

The opportunity needed to present the stronger rental income without overstretching the public guide price. The asset also needed to show a discount to OMV while reflecting the fair condition and refurbishment allowance.

What was done

Root Home framed the opportunity using a public guide of £157,500 against £10,800 annual rent and a £175,000 OMV. This created a buyer-facing gross yield of around 6.86% while still showing a 10% discount to open-market value.

Project media

Delivery and works

Scope

The property was already income-producing. A £25,000 refurbishment estimate and fair condition rating were factored into the assessment, but the core case remained existing rent and discounted acquisition pricing.

Execution

The opportunity was priced to reflect both the higher rent and the condition context. The guide price was kept below OMV while maintaining a buyer-facing gross yield within the preferred range.

Stabilisation

The property was already tenanted at £900 per month. The existing income provided the stabilised base for buyer assessment, with any further works treated as a separate consideration.

Financial outcome

Total cost

£157,500 guide

Total capital deployed.

End value

£175,000 OMV

Delivered value.

Profit or uplift

10% below OMV

Primary project result.

Yield

6.86% gross yield

Reported where relevant.

Programme

Income in place

Total programme.

Units delivered

3-bed mid-terrace

Output delivered.

Result and impact

Operational result

The property could be presented as a stronger income-led tenanted asset, with higher annual rent, a clear discount to OMV and a practical route for buyers comfortable with fair-condition residential stock.

Who benefits

A buyer seeking stronger income from a tenanted residential asset benefits from the higher rent, clear OMV benchmark and a public guide set below market value.

Why it matters

This case shows how a tenanted asset can be positioned closer to OMV while still offering a clear discount and a more attractive income profile.

Lessons and strategic value

– Stronger rent supports a clearer income-led assessment.
– Discount to OMV helps frame the buyer opportunity.
– Average condition keeps the route practical and understandable.
– The case combines income, value evidence and a straightforward ownership route.

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