Investment Opportunity – 111 Lovely Lane, Warrington, WA5 1TZ
Fully Let 5-Bedroom HMO with Sitting Tenants
An exceptional opportunity to acquire a refurbished, fully licensed 5-bedroom HMO in Warrington, offered with sitting tenants and immediate income potential. Ideal for investors seeking a high-yield, low-maintenance rental asset in close proximity to Warrington Hospital and local amenities.
Property Overview
- Five-bedroom HMO, all rooms with private ensuite shower/WC
- Communal kitchen for shared living
- Rooms spread across ground floor (2) and first floor (3)
- Parking for 2 cars to the rear within title footprint
- Leasehold: 999 years remaining (from 1893)
- Formerly split into 2 self-contained flats; fully refurbished and converted in 2024
- HMO Licence No. 249 granted 18th December 2024 for 5 years
Location
- 100 yards from Warrington Hospital – ideal for medical staff, students, and professionals
- Excellent access to local amenities, transport links, and the town centre
Tenancy & Income
| Room |
Location |
Status |
Monthly Rent (£) |
| 1 |
Ground floor front |
LET |
700 |
| 2 |
Ground floor middle |
RESERVED (from Jan) |
650 |
| 3 |
First floor front |
VACANT |
700 |
| 4 |
First floor middle |
VACANT |
750 |
| 5 |
First floor rear |
LET |
650 |
Potential total rental income (fully let): £3,450 pcm (£41,400 pa)
Outgoings / Running Costs
- Council Tax Band B: £1,800 pa (£150 pcm)
- Gas: £330 last month
- Electricity: £80 last month
- Water: £30 pcm (estimated)
- Broadband (Plusnet): £30 pcm
- Buildings Insurance: £80 pcm
- Total approximate monthly outgoings: £700
Investment Highlights
- Immediate income – rooms already let and reserved
- High-yield opportunity – fully ensuite HMO in Warrington
- HMO licence in place, fully compliant with regulations
- Low maintenance – fully refurbished in 2024
- Prime location close to Warrington Hospital, ensuring strong tenant demand
- 5-room configuration allows flexible income streams and room-by-room management
- Parking for 2 cars, a rare feature for town centre HMOs
Yields & Returns
Asking Price: £360,000
Gross Yield: Gross annual income:£41,400 = 11.5%
Net Yield (after outgoings): Net annual income: £33,000 = 9.16%
This demonstrates a strong, reliable return for investors, with potential to increase as all vacant rooms are let.
Why This Property Appeals to Investors
111 Lovely Lane represents a low-risk, high-return HMO investment. With private ensuites for all rooms, a strong rental market nearby, and excellent local demand, this property is perfect for investors seeking steady income, long-term capital growth, and a fully compliant HMO asset.
Summary
- 5-bedroom HMO with private ensuites
- HMO Licence in place
- Fully refurbished / converted in 2024
- Potential rental income: £3,450 pcm (£41,400 pa)
- Gross Yield: 11.5% | Net Yield: 9.16%
- Parking for 2 cars
- Close to Warrington Hospital
- Leasehold: Long peppercorn lease
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