4 Bed HMO, Warrington, WA5 1TZ, £195,000

Lovely Lane, Warrington, WA5 1TZ - 10 views - 5 months ago

Sold STC
Leasehold
HMO
ROI: 8%
~129 m²
+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Room Rate

£450

Gross Rent

£1,800

Running Costs/mo

£1,426

Cashflow/mo

£374

Cashflow/yr

£4,484

ROI

8%

Gross Yield

11%

Local Sold Prices

31 sold prices from £145K to £496K, average is £280K. £1.4K/m² to £3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£165K11/200.3 mi17, Berkeley Close, Warrington WA5 0EP4
£217.5K01/210.43 mi8, Crosfield Street, Warrington WA1 1UD4
£203K12/220.44 mi4, Shiggins Close, Great Sankey, Warrington WA5 1EY4
£157K05/210.65 mi29, Chippindall Close, Great Sankey, Warrington WA5 1XJ4
£246K11/210.68 mi3, Rosemary Close, Great Sankey, Warrington WA5 1TL4
£262K02/210.72 mi18, Hudson Close, Old Hall, Warrington WA5 9PY4
£432K08/230.72 mi29, Farmleigh Gardens, Great Sankey, Warrington WA5 3FA4
£320K01/210.72 mi21, Farmleigh Gardens, Great Sankey, Warrington WA5 3FA4
£292K03/230.73 mi6, Tulip Grove, Warrington WA5 1DL4
£145K05/210.75 mi20, Brentnall Close, Great Sankey, Warrington WA5 1XN4
£420K09/230.75 mi50, Vermont Close, Great Sankey, Warrington WA5 8WX4
£368.8K10/230.75 mi41, Vermont Close, Great Sankey, Warrington WA5 8WX4
£172.5K11/200.77 mi132, Snowberry Crescent, Warrington WA5 1DA4
£190K03/210.77 mi128, Snowberry Crescent, Warrington WA5 1DA4
£240K05/230.77 mi67, Snowberry Crescent, Warrington WA5 1DA4
£230K11/230.81 mi44, Calgarth Avenue, Warrington WA5 0FN4
£350K10/230.84 mi159, Sycamore Lane, Great Sankey, Warrington WA5 1LY4
£397.5K09/230.88 mi58, Shackleton Close, Old Hall, Warrington WA5 9QE4
£496K06/230.9 mi99, Shackleton Close, Old Hall, Warrington WA5 9QF4
£460K05/210.92 mi52, Ellesworth Close, Old Hall, Warrington WA5 8QJ4
£320K02/230.93 mi156, Snowberry Crescent, Warrington WA5 1DA4
£200K12/200.95 mi32, Denver Drive, Great Sankey, Warrington WA5 8DE4
£220K12/200.95 mi28, Denver Drive, Great Sankey, Warrington WA5 8DE4
£283.9K09/230.97 mi9, Rozel Crescent, Great Sankey, Warrington WA5 1JJ4
£280K06/230.98 mi44, Arizona Crescent, Great Sankey, Warrington WA5 8DA4
£490K10/230.98 mi14, Arizona Crescent, Great Sankey, Warrington WA5 8DA4
£285K03/230.99 mi17, Blandford Road, Great Sankey, Warrington WA5 1JP4
£280K05/230.99 mi24, Blandford Road, Great Sankey, Warrington WA5 1JP4
£252K05/211 mi67, Marina Avenue, Great Sankey, Warrington WA5 1JH4
£280K08/231 mi141, Liverpool Road, Great Sankey, Warrington WA5 1QU4
£280K08/231 mi141, Liverpool Road, Great Sankey, Warrington WA5 1QU4

Property History

Listed for £195,000

October 8, 2024

Sold for £64,000

2002

Floor Plans

Description

RE-MODELLED 'HMO' ACHEIVING CIRCA £1,800 PCM I CLOSE PROXIMITY TO WARRINGTON HOSPITAL I TRADITIONAL FEATURES I OFF ROAD PARKING I COMMUNAL DINING AREA & KITCHEN I TWO BATHROOMS I 'HMO' COMPLIANT This traditional garden fronted mid-terraced property retains original features and presents four bedrooms with two separate bathrooms, a communal dining room, Kitchen and separate utility room. There is off road parking to the rear along with a low maintenance rear yard. Ideal buy to let, or conversion to residential.

Accomodation - 'House of Multiple Occupancy' achieving circa £1700pcm. The property retains original cornices, ceiling covings, deep skirting boards and traditional fireplaces in each bedroom. The property has recently had new PVC Windows throughout, along with updated central heating. The property features four bedrooms, two bathrooms, communal dining room and communal kitchen. There are two parking spaces to the rear and a separate utility / washing room. The property has been improved by the current owners to include four double bedrooms, each with traditional feature fireplaces, ceiling covings and hard standing flooring. The property offers an ideal opportunity for any investor or could be converted back to a traditional residential property.

Entrance Hallway - 3.7m x 1.5m (12'1" x 4'11") - Frosted and panelled front door opening onto grey Laminate flooring, original corbels, ceiling coving and deep skirting boards. 'LPCB' Fire control unit, original doorframes, central heating radiator and access to: Bedroom one, bedroom two, inner hallway leading to the dining room and Kitchen.

Bedroom Three - 3.7m x 3.5m (12'1" x 11'5") - Feature bay window with PVC Windows to the front elevation, grey laminate flooring, ceiling covings, traditional fireplace and surround, central heating radiator, television point and internet point.

Bedroom Four / Dining Room - 4.38m x 2.7m (14'4" x 8'10") - Grey laminate flooring, PVC Window to the rear elevation, traditional fireplace and surround, central heating radiator, ceiling coving, television point.

Morning Room - 3.52m x 2.48m (11'6" x 8'1") - Access to understairs storage, grey laminate flooring, Large PVC window to the side elevation, breakfast bar with roll top laminated worksurface, access to the Kitchen:

Kitchen - 2.45m x 2.18m (8'0" x 7'1") - Grey laminate flooring leads to the Kitchen, with a range of eye and base level units with laminated worksurfaces and integrated appliances; four ring gas hob with oven below, stainless steel one and a half bowl sink with drainer. PVC Door to the rear elevation.

First Floor -

Landing - 7.7m (max) x 1.5m (max) (25'3" (max) x 4'11" (max) - A traditional landing provides access to further bedrooms and two shower rooms.

Bedroom One - 4.7m x 3.6m (15'5" x 11'9") - PVC Window to the front elevation, central heating radiator, traditional fireplace with surround, grey laminate flooring.

Bedroom Two - 4.37m x 3.14m (14'4" x 10'3") - Grey laminate wooden flooring, PVC Window to the rear elevation, traditional feature fireplace with matching surround, central heating radiator, television point.

Shower Room One - 3.1m x 1.53m (10'2" x 5'0") - Grey laminate flooring with PVC Frosted window to the side elevation, three piece suite comprising low level W.C, Hand wash basin and corner shower unit with part tiled walls and Chrome ladder style radiator.

Shower Room Two / Previous Bedroom - 2.5m x 2.4m (8'2" x 7'10") - To the rear of the property, shower room Two comprises grey laminate wood effect flooring, PVC Frosted window to the rear elevation, three piece shower suite with low level W.C, hand wash basin and corner shower cubicle. Shower room two was previously a bedroom and could be converted back.

Outside - The property forms part of 'Lynton Terrace' and is approached via low level brick wall and garden frontage, with paved walkway and low maintenance block paved front garden.

The rear of the property is flagged and has a golden gravel driveway; there are two parking spaces to the rear of the property for residents. There is an external washing room with 'Glow Worm' combi-boiler, space for washer, dryer,

Tenure - Advised Freehold

Council Tax - Band 'B' £1658.39 (2024/2025)

Local Authority - Warrington Borough Council

Services - No tests have been made of main services, heating systems or associated appliances. Neither has confirmation been obtained from the statutory bodies of the presence of these services. We cannot, therefore, confirm that they are in working order and any prospective purchaser is advised to obtain verification from their solicitor or surveyor.

Postcode - WA5 1TZ

Possession - Vacant possession upon completion.

Viewing - Strictly by prior appointment with Cowdel Clarke, Stockton Heath on

Agent Details

Cowdel Clarke, Stockton Heath

01925 931596

Next Steps?

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