6 Bed HMO, Warrington, WA5 0NJ, £220,000

Folly Lane, Warrington, Cheshire, WA5 0NJ - 10 views - 2 months ago

Sold STC

Leasehold

HMO

ROI: 8%

~186 m²

+9 photos

ValuationUndervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Room Rate	£367£367
Gross Rent	£2,202
Running Costs/mo	£1,771£1,771
Cashflow/mo	£431£431
Cashflow/yr	£5,176£5,176
ROI	8%8%
Gross Yield	12%12%

Local Sold Prices

5 sold prices from £310K to £1.1M, average is £392.5K. £2K/m² to £4.3K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£310K	02/21	1.19 mi	9, Buttercup Close, Warrington WA5 1BH	£1,987	156	6	Detached House
£385K	11/20	1.52 mi	2, Buxton Close, Great Sankey, Warrington WA5 3QE	£2,238	172	6	Detached House
£589K	02/21	2.08 mi	7, Crompton Drive, Winwick, Warrington WA2 8XQ	£2,104	280	6	Detached House
£392.5K	10/21	2.21 mi	72, Cinnamon Lane, Fearnhead, Warrington WA2 0AP	£2,003	196	6	Detached House
£1.1M	03/21	2.93 mi	Woodside, Firs Lane, Appleton, Warrington WA4 5LD	£4,343	250	6	Detached House

Property History

Listed for £220,000

January 16, 2025

Floor Plans

Description

Fully HMO licensed +
Six bedrooms (one with En-suite bathroom) +
Two communal shower rooms +
Fully fitted communal kitchen +
Leasehold +
EPC rating - D +
Council tax band - A +

Property information;

Fully HMO licenced
Spread over 2 floors
6 x Bedrooms (one room with en-suite)
Communal Kitchen
2 x Communal Bathrooms
New boiler fitted January 2025
EPC rating - D
Council tax band - A

When fully occupied this property will bring an annual return of approximately £26,416 per annum.

Agent Details

Leaders Sales, Warrington

01925 361642

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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