For Sale By Auction | 18:00, 28 August 2025

5 Follyhouse Lane, Walsall, West Midlands WS1 3EL

*Guide | £220,000 (plus fees)

  • House of Multiple Occupation
  • 5 Bedrooms
  • Tenure: Freehold

Call the team on 0121 289 3838 for more information

Auction Date

Thu 28/08/2025

Auction Time

18:00

Auction Venue

Livestream

Residential

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.

Tenure

Freehold

Viewing

No viewings are available for this property.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Walsall Metropolitan Borough Council

Important Notice to Prospective Buyers:

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.

Additional Fees

Buyer's Premium - 1% plus vat

Administration Charge - £1440 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.