5 Bed HMO, Birmingham, B24 9ER, £230,000

Hart Road, Erdington, Birmingham, B24 9ER - 1 views - 10 days ago

HMO
ROI: 12%
~178 m²
+3 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Room Rate

£498

Gross Rent

£2,490

Running Costs/mo

£1,783

Cashflow/mo

£707

Cashflow/yr

£8,479

ROI

12%

Gross Yield

13%













Property History

Listed for £230,000

March 5, 2025

Floor Plans

Description

  • Investment Opportunity +
  • Rental Income £1,100 Per Month +
  • All rooms Fully Occupied +
  • Substantial Property +
  • x5 Bedrooms +
  • x2 Bathrooms +
  • HMO licensed +
  • Close to Erdington High Street +
  • Great Transport Links +
  • Available now for viewings +

ARTICLE 4 HMO LICENSED
Investment opportunity to earn a steady income from this substantial property which has been converted into x5 rooms
The property offers communal kitchen, x1 upstairs bathroom, x1 downstairs shower room.

Government funded supported exempt accommodation investment property, this property presents a opportunity for investor to purchase a ready made investment.

Total Rental Income: £1,100 pcm ( £13,200 per annum)

All bills included.
EPC Rating - D
Council Tax Band - B
HMO LICENSED

Buyers fee of 2% of the purchase price *terms & conditions apply
Contact office for further details 

LOUNGE 11' 0" x 9' 3" (3.37m x 2.83m)  

BEDROOM 1 10' 5" x 10' 5" (3.20m x 3.20m)  

BEDROOM 2 8' 6" x 9' 0" (2.60m x 2.75m)  

BEDROOM 3 7' 3" x 10' 9" (2.21m x 3.30m)  

BEDROOM 4 10' 6" x 13' 3" (3.21m x 4.04m)  

BEDROOM 5 8' 5" x 9' 11" (2.59m x 3.04m)

Agent Details

Henley Charles, Erdington

0121 386 3344

Next Steps?

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

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