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5 Bed HMO, Birmingham, B23 7LL £220,000

Mere Road, Erdington, Birmingham, B23 7LL - 1 views - 2 years ago
  1. Deal Search
  2. Birmingham
  3. B23
  4. B23 7LL
HMO
Inside Article 4
ROI: 6%
~178 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

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  • More Deals in B23
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Property History

Listed for £220,000

September 8, 2023

Floor Plans

Description

  • Investment Opportunity +
  • Rental Income £23.80k Per Year +
  • All Flats Fully Occupied On AST's +
  • Producing 9.7% Gross Yield +
  • Substantial Property +
  • x6 Bedrooms +
  • x2 Bathrooms +
  • 15 mins walk to Gravelly Hill Train Station +
  • Contact Office For Further Details About This Opportunity +
  • Video Tour Available On HC Website +

HMO LICENSED
Investment opportunity to earn a steady income from this substantial property which has been converted into x6 rooms
The property offers communal kitchen/diner, x1 bathroom, x1 shower room

Let on individual AST's to long term tenants, this property presents a opportunity for investor to purchase a ready made investment with an average 9.7% gross yield

Room 1 £380 pcm (£4560 per annum)
Room 2 £310 pcm (£3720 per annum)
Room 3 £350 pcm (£4200 per annum)
Room 4 £450 pcm (£5400 per annum)
Room 5 £120 pcm (£1440 per annum)
Room 6 £375 pcm (£4500 per annum)

Total Rental Income: £1,985pcm ( £23,820per annum)
Average 9.7% gross yield

Landlord to pay all utility bills including broadband
EPC Rating - D
Council Tax Band - B
HMO LICENSED

Buyers fee of 2% of the purchase price *terms & conditions apply
Contact office for further details

Agent Details

Henley Charles, Handsworth

0121 387 6456

Next Steps?

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

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Cashflows

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