Potential 4-Bed HMO, Birmingham, B12 9NA, £280,000

63 Eastwood Road, Balsall Heath, Birmingham, B12 9NA - 29 views - 9 months ago

HMO
ROI: 8%
~93 m²
+12 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (29%)

£82,500

Stamp Duty & Legal Fees

£15,100

Total Cash In

£97,600

 

 

Cash Out

 

Room Rate

£689

Gross Rent

£2,756

Running Costs/mo

£2,101

Cashflow/mo

£655

Cashflow/yr

£7,860

ROI

8%

Gross Yield

10%













Property History

Price changed to £280,000

February 12, 2025

Price changed to £288,000

December 4, 2024

Listed for £330,000

June 8, 2024

Floor Plans

Description

  • Mid-Terrace Home +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Re-Fitted Kitchen +
  • Unfinished Downstairs Shower Room and WC +
  • Shower Room +
  • Garden +
  • Double Glazing and Central Heating +
  • Potential for HMO use +
  • No Upward Chain +

THREE BEDROOM TERRACE HOME WITH NO UPWARD CHAIN WITH HMO POTENTIAL! Lovely three bedroom mid terrace home ideally located for Moseley, Edgbaston and the City Centre. The accommodation on offer briefly comprises; fore garden, entrance hallway, two reception rooms, re-fitted kitchen, unfinished shower room and WC and rear garden. To the first floor there are three bedrooms and a shower room. The property benefits from double glazing, central heating and no upward chain and the benefit of works completed to make the property a HMO (house in multiple occupation). Energy Performance Rating: D. To arrange your viewing please call our Moseley sales team.

Approach - With a shallow fore garden leading to a wooden front entrance door opening into:

Inner Vestibule - With Minton tiled flooring, decorative cornice to ceiling and open walkway into:

Hallway - With central heating radiator, ceiling light point, decorative archway, under stairs storage with double glazed opaque window to the side aspect and ceiling light point, stairs giving rise to the first floor accommodation and doors opening into:

Reception Room One - 3.20 x 4.23 into bay (10'5" x 13'10" into bay) - With double glazed bay window to the front aspect, central heating radiator and ceiling light point.

Reception Room Two - 3.37 x 4.22 (11'0" x 13'10") - With central heating radiator, ceiling light point and double glazed window to the rear aspect.

Kitchen - 4.80 x 2.68 (15'8" x 8'9") - With ceiling strip light, double glazed window to the rear aspect, wall mounted combination boiler, base units, marble effect work surfaces incorporating stainless steel sink and drainer with mixer tap over, space for washing machine, cooker hob and extractor over, central heating radiator, tiling to flooring and door opening into:

Unfinished Shower Room - 2.63 x 1.99 (8'7" x 6'6") - With a separate WC with low flush WC, two ceiling light points, double glazed opaque window and door giving access to the rear garden.

First Floor Accommodation - From hallway stairs gives rise to the first floor landing with double glazed window to the side aspect, two ceiling light points, central heating radiator and doors opening into:

Bedroom One - 4.95 x 3.46 (16'2" x 11'4") - With ceiling light point, central heating radiator, coving to ceiling and double glazed window to the front aspect.

Bedroom Two - 4.28 x 4.01 (14'0" x 13'1") - With ceiling light point, central heating radiator and double glazed window to the rear aspect.

Bedroom Three - 2.74 x 3.23 (8'11" x 10'7") - With ceiling light point, central heating radiator and double glazed window to the rear aspect.

Shower Room - 2.10 x 1.80 (6'10" x 5'10") - With double glazed opaque window to the side aspect, ceiling light point, three piece white bathroom suite comprising low flush WC, sink on pedestal with mixer tap over, shower cubicle with shower above, tiling surround and central heated towel rail.

Rear Garden - With a paved pathway leading to lawn turfed area and fencing surround.

Council Tax Band - According to the Direct Gov website the Council Tax Band for 63 Eastwood Road Balsall Heath, Birmingham, B12 9NA is band B and the annual Council Tax amount is approximately £1,620.70 subject to confirmation from your legal representative.

Agent Details

Rice Chamberlains LLP, Moseley

0121 387 6337

Next Steps?

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

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