10 Bed HMO, Birmingham, B27 6QR, £550,000

11 Dudley Park Road, Acocks Green, Birmingham B27 6QR - 47 views - 2 months ago

Sold STC
HMO
ROI: 11%
~310 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£5,460

Running Costs/mo

£3,962

Cashflow/mo

£1,498

Cashflow/yr

£17,976

ROI

11%

Gross Yield

12%













Property History

Listed for £550,000

January 20, 2025

Floor Plans

Description

  • TEN ROOM FORMER HMO +
  • RARE OPPORTUNITY +
  • REFURBISHMENT REQUIRED +
  • PRICED TO SELL +
  • SUPERB DEVELOPMENT OPPORTUNITY +
  • EXCELLENT LOCATION & TRANSPORT LINKS +

Archer Bassett are delighted to present a rare opportunity to acquire this substantial detached, three storey period property close to the heart of Acocks Green Village, which has been previously converted over 20 years ago into one self-contained flat, six self-contained studios and three rooms with shared facilities. Whilst the property requires extensive refurbishment throughout it presents a superb development opportunity to maximise it's potential return on investment. The property briefly comprises of the vast majority being uPVC double glazed, gas central heating throughout, communal parking area to the front and gardens to rear. The property is well located with easy access to the city centre via the A41 or A45 and is within a few minutes walk of Acocks Green train station.

Buyer Information - Four of the flats are currently occupied on periodic assured shorthold tenancies but vacant possession can be offered as part of the sale.

Ground Floor - Large entrance hall with access to front & rear leading to a large cellar

Flat 1 (Full length) - Lounge, kitchen, double bedroom with en-suite with WC, basin and bath with shower over

Flat 2 (Front) - Studio with kitchen and en-suite shower room with WC & basin

Flat 3 (Rear) - Studio with kitchen and en-suite bathroom with WC, basin and bath with shower over

First Floor - Flat 4 (Rear) - Studio with kitchen and en-suite shower room with WC & basin

Flat 5 (Front) - Bedsitting room with shared kitchen with Flat 6, en-suite shower room with WC & basin

Flat 6 (Front) - Bedsitting room with shared kitchen with Flat 5, en-suite shower room with WC & basin

Flat 7 (Rear) - Studio with separate kitchen area and en-suite shower room with WC & basin

Second Floor - Room 8 (Rear) - Bedroom with shared open plan kitchen/living area and bathroom with Rooms 9 & 10

Room 9 (Front) - Bedroom with shared open plan kitchen/living area and bathroom with Rooms 8 & 10

Room 10 (Front) - Currently used as store room

External - Small communal parking area to front with compact but private garden area to the rear.

Tenure - The agent has been informed that the property is offered freehold however any interested party should obtain confirmation of this via their own solicitor or legal representative.

Viewings - Viewings are strictly by appointment only via Archer Bassett.

Agent Details

Archer Bassett, Coventry

024 7542 7756

Next Steps?

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