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6 Bed HMO, Birmingham, B29 6AW £425,000

North Road, B29 6AW - 11 views - a year ago
  1. Deal Search
  2. Birmingham
  3. B29
  4. B29 6AW
Sold STC
HMO
Inside Article 4
~186 m²

ValuationUndervalued

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Links

  • More Deals in Birmingham
  • More Deals in B29
  • More HMO Deals
  • More HMO Deals in Birmingham
  • More HMO Deals in B29

Property History

Listed for £425,000

January 10, 2025

Description

  • Investment +
  • HMO +
  • 8.7% ROI +
  • Attractive location +
  • Selly Oak Triangle +

This 6-bedroom, 2-bathroom property is an excellent investment opportunity, offering a generous annual income of £36,917 (excluding bills), with a strong yield of 8.7%. Positioned just a stone’s throw from the University of Birmingham, the property is currently let until Summer 2025, providing a secure and reliable income stream for the foreseeable future.

Key Features:
6 Bedrooms, 2 Bathrooms: Tastefully decorated to a high standard, offering ample living space for students or professionals.
High-Quality Finish: The property has been refurbished to a high specification, providing a stylish and comfortable living environment that is highly attractive to tenants.
Prime Location: Ideally located within walking distance of the University of Birmingham, making it a sought-after choice for student accommodation.
Steady Rental Income: Currently generating £36,917 per year, with the potential for rental growth as the local market continues to evolve.
Yield of 8.7%: Offering an attractive return on investment in a high-demand area.
Potential for Rent Increase: With the ongoing demand for properties close to the University, there is scope to increase rent, further enhancing the investment value.

This property offers an exceptional yield, combined with the potential for future rent increases, making it a highly attractive opportunity for investors looking for a reliable income stream in a prime location.

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

0121 647 8922

Next Steps?

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

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