Potential 4-Bed HMO, Birmingham, B11 3LJ, £190,000

Hillfield Road, Birmingham, B11 3LJ 3 - 1 views - 13 days ago

HMO
ROI: 3%
~93 m²
+21 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,343

Cashflow/mo

£157

Cashflow/yr

£1,884

ROI

3%

Gross Yield

9%













Property History

Listed for £190,000

March 6, 2025

Floor Plans

Description

  • Convenient Residential Location +
  • Potential for Further Development +
  • Tenanted for immediate Investment +
  • 4 Bedroom HMO +
  • Ideal Investment Property +
  • No Forward Chain +

Bettermove are proud to present this 3/4 bedroom terraced house in Sparkhill- Birmingham available with no forward chain.
The property benefits from double glazing- gas central heating throughout and has ample on street parking available nearby. The council tax band is A.
The property is tenanted and will be sold with tenants in situ for immediate investment - rental yields can be obtained through Bettermove.
The interior of this property comprises a spacious living room which is currently being used as a fourth bedroom- dining room- the fitted kitchen and the family bathroom on the ground floor. The first floor consists of three bedrooms. The exterior boasts a private rear garden- which requires some maintenance and upgrading to bring it up to its full potential.
Located in the residential area of Sparkhill- the property is close to a range of amenities- including shops- supermarkets- restaurants and pubs. Excellent transport connections can be found from Tyseley Train Station and many local bus routes providing easy access into Birmingham City Centre.
This exciting opportunity should not be missed! All enquiries can be made through Bettermove on .
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You can secure the purchase immediately by paying an exclusivity deposit of £1-000.
This is not an additional fee and is returned to you on completion.
Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore- eliminating the risk of being gazumped by another buyer- and incurring aborted costs.
This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding- surveys- and searches.
Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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

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