Residential House of Multiple Occupation
5 Follyhouse Lane, Walsall, West Midlands WS1 3EL
£220,000 28 August 2025
GUIDE PRICE AUCTION DATE
  • House
  • 5 Bedroom(s)
This traditionally styled semi detached property is a fully licenced HMO, Licence Number M-0017-00021-47325-x119 and has recently been modernised throughout. The property is currently let on a Company Let Agreement for a period of 60 months starting 9th May 2025 at a rental of £1,900.00 PCM, therefore offering a gross 10% yield at guide price. The property has not been inspected by the Auctoneer but are advised that it is set over two floors and has five bedrooms, communal lounge and kitchen (the floorplan shows a wall between these two rooms, however this does not exist and is open plan), bathroom. The property is situated in a popular residential area within a short distance of Walsall Town Centre and public transport services. Freehold No viewings are available for this property. Current Rating D Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Walsall Metropolitan Borough Council We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Buyer's Premium - 1% plus vat
5 Follyhouse Ln, WS1 3EL
Guide Price
£220,000
Auction Date
28 Aug 2025
Time
18:00
Lot
5
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House

Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.