6 Bed HMO, Birmingham, B16 0ES, £425,000

Gillott Road, Birmingham, B16 0ES - 6 views - 2 months ago

Sold STC
HMO
ROI: 6%
~186 m²
+7 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£571

Gross Rent

£3,423

Running Costs/mo

£2,744

Cashflow/mo

£679

Cashflow/yr

£8,148

ROI

6%

Gross Yield

10%













Property History

Listed for £425,000

February 7, 2025

Floor Plans

Description

Open House Edgbaston are pleased to present this investment property semi detached 6 bed HMO in Edgbaston.

A fully tenanted six bed licenced HMO in a prime location only 2.3 miles to Birmingham City Centre, 1.5 miles to Five Ways Island, 1 mile from Birmingham City Hospital and 1 mile from the New Midland Metropolitan Hospital. Potential to increase to 7 bed HMO STPP.

Briefly comprising of central heating, part double glazing, large garden, fully tenanted for continued income (subject to tenancy retention and transfer to new landlord). Tenure: Freehold. * N.B. Some photos used in marketing were taken before tenants took occupation.

On the ground floor we have 1 double bedroom, communal lounge, shower room and kitchen diner. Shower room that consists of a shower, toilet and hand basin.

On the first floor we have the 2 double rooms, 1 large double bath and shower room. Bathroom room that consists of a bath, separate shower cubicle, hand basin & toilet.

On the second floor we have the remaining 2 double rooms, Bathroom & separate WC.
Bathroom room that consists of a bath, separate shower cubicle, hand basin & toilet.
WC consist of hand basin and toilet.

The rooms come fully furnished and are rented with all bills included.

Rental Income:
Room 1: £600 pcm
Room 2: £575 pcm
Room 3: £575 pcm
Room 4: £599 pcm
Room 5: £549 pcm
Room 6: £525 pcm

Total £3423 pcm = £41,076 annual

Proof Of Funds required for viewings
LDC in place

Agent Details

Open House Estate Agents, Nationwide

020 3910 1882

Next Steps?

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

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