5 Bed HMO, Birmingham, B29 7AF, £395,000

• Investment +
• Renovation oppotunity +
• Currently 5 bedrooms +
• HMO +
• COLU approved +
• Prime Location +

A 5-bedroom, 2-bathroom HMO investment property, perfectly situated in a highly sought-after area for students. Boasting an impressive current rental income of £32,500 per annum, this property presents a perfect opportunity for investors. 

The property is currently set over 3 floors and has the added bonus of a basement. 

Prime Location: Nestled in a fantastic area for students, this property ensures high demand with close proximity to the University of Birmingham, public transport, and amenities.

Potential for Expansion: A significant highlight is the potential to transform this property into a 6-bedroom HMO. The existing ground floor extension to the rear of the property provides a solid foundation for further development. Adding an additional bedroom and carrying out renovations could substantially increase rental income and overall property value.

Rental Income: Currently generating £32,500 per annum (Bills included), this property promises stable returns. With strategic improvements, there is potential to further enhance rental yields.

Cetificate of Lawful Use has been applied for.

Council Tax Band B.