6 Bed HMO, Warrington, WA4 1JN, £250,000

9 Grammar School Road, Warrington, Cheshire, WA4 1JN - 16 views - 5 months ago

Sold STC
Leasehold
Auction
HMO
ROI: 18%
~186 m²
+16 photos

ValuationUndervalued

Sold Prices£310K - £1.5M
Sold Prices/m²£2K/m² - £4.3K/m²

 

 

Square Metres

~186 m²
Price/m²£1.3K/m²

Value Estimate

£312,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Room Rate

£524

Gross Rent

£3,144

Running Costs/mo

£2,081

Cashflow/mo

£1,063

Cashflow/yr

£12,755

ROI

18%

Gross Yield

15%

Local Sold Prices

5 sold prices from £310K to £1.5M, average is £1.1M. £2K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£1.5M01/231.74 miThe Brackens, Green Lane, Appleton, Warrington WA4 5NG6
£1.1M03/211.8 miWoodside, Firs Lane, Appleton, Warrington WA4 5LD6
£310K02/212.16 mi9, Buttercup Close, Warrington WA5 1BH6
£392.5K10/212.45 mi72, Cinnamon Lane, Fearnhead, Warrington WA2 0AP6
£1.1M09/232.67 miNorth View, Stretton Road, Stretton, Warrington WA4 4NP6

Local Area Statistics

Population in WA4

46,997

Population in Warrington

215,344

Town centre distance

1.67 miles away

Nearest school

0.10 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £250,000

September 30, 2024

Floor Plans

Description

Guide Price = **£250,000+

For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack

A Vacant Six Bedroom Detached House Situated on a Substantial Plot of Land Measuring Approximately 0.25 Acres (1,061 sq m/ 11,425 sq ft). Potential for Rear and Side Extension and for Conversion to HMO (Subject to Obtaining all Relevant Consents).

**Tenure
Leasehold. The property is held on a 989 year lease from 3rd May 1886 (thus approximately 851 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of West Park are within easy reach. Transport links are provided by Warrington Bank Quay rail station.

Description
The property comprises a six bedroom detached house arranged over lower ground, ground and two upper floors.

Accommodation
Lower Ground Floor
Basement

Ground Floor
Three Reception Rooms
Kitchen
Bathroom
WC
Storage Room
Utility Room

First Floor
Five Bedrooms
Bathroom
Storage Room

Second Floor
Bedroom

Total G.I.A. Approximately 3,200 sq ft

Exterior
The property benefits from off street parking via a horseshoe driveway, two garages and both front and rear gardens.

Note
The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Buyers should rely on their own enquiries with regard to precise measurements.

Open House Viewings:
Viewing Schedule (No Booking Required)

Wednesday 9 October 12:00 - 12:30
Saturday 12 October 10:00 - 10:30
Monday 14 October 12:00 - 12:30

Addendum
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.

Agent Details

Auction House London, Hampstead

020 3897 6030

Next Steps?

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