Flipping Good Deals in the Warrington Property Market

I hope you all had a great Bank Holiday Weekend?

I decided to take a trip up to the Lake District with the family. Although the weather was a bit hit and miss, we had a lovely time. We stayed in Bowness-on-Windermere; which was just gorgeous. You can imagine a lot of tourists descended there on a bank holiday, so we certainly got a few looks whilst driving around in the company car.

On the second day, I thought I would head to the hotel bar and have a cold beer. An elderly man came over for a chat and mentioned the company car and asked what I did exactly.

So, naturally, off I went talking about property in Warrington.

This morning I received an email from him, after he’d read the blog. He’s going to pop over next week to discuss potential properties he would like to invest in, in Warrington. Below I put some research together of recent flips in Warrington, as this is a strategy I believe Paul would much prefer.

Flipping Property

I found a medium sized, 3 bedroom semi-detached property on Barnfield Road in Woolston was bought for £124,950 in 2015. The same property sold for £166,000 in January this year, which is a rise of 32.85%. However, prices in the town during this same time period rose by 3.0%.

A two bedroom semi-detached house on Higher Lane in Lymm sold for £234,000 in May last year, and was sold again that same year just before Christmas in December for  £279,950. This is a rather impressive rise of 19.64%, but as we mentioned in the Warrington Property Blog a few weeks ago, average prices in this time have risen by a much more remarkable 13.55% in Warrrington.

Rents

With rents for semi-detached houses in Warrington achieving between £800 and £900 per month, yields are around 5-7%. In terms of a rental investment, there are better properties, such as smaller two or three bedroom terrace, but for owner occupation there are some bargains.

Our passion lies firmly within the letting property market, so please feel free to talk to us at any point about our diverse area and knowledge of Warrington. We are always happy to do research in new areas.

As we do this daily, we spot hot properties that can bring you 8-10% yields on single lets.

We are also not afraid of taking on full refurbishments. Many landlords we work with in Warrington usually let us find the properties and allow us to undertake any maintenance work for them.

So if you are passing the area or you are in Warrington town then pop into our office on 6 Bankside, Crosfield St - right next Iceland and Aldi, opposite Bank Park. The kettle is always boiling. If you have spotted a property on the internet and would like a second opinion then email the link over to me and I will be more than happy to take a look and even attend a viewing with you. Email me on manoj@hamletwarrington.co.uk or call me on 01925 235338.

Don't forget to visit the links below to view back dated deals and Warrington Property News. 

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Website, http://www.hamlethomeswarrington.co.uk/