6 Bed HMO, Smethwick, B66 3BL £270,000

• *** Investment Opportunity *** – Immediate Income Generator! +
• Income of £2,575 per calendar month, annual income of £30,900 +
• Freehold +
• Chain fee +
• 6 Bed 4 Bath HMO +
• Impressive 11% Gross Rental Yield! +
• Prime Location – Sought-after area with strong tenant demand +
• Fully Tenanted – Immediate rental income from day one +
• Spacious Accommodation – Well-designed layout for maximum occupancy +
• Buyer’s Fee: 2% + VAT of the Agreed Property Price +

Genie Homes are pleased to offer Piddock Road in the vibrant area of Smethwick, this impressive end-terrace house presents a remarkable investment opportunity. With a generous living space of 1,216 square feet, this property boasts six well-proportioned bedrooms and four bathrooms, making it ideal for a house in multiple occupation (HMO).

Currently generating a substantial income of £2,575 per calendar month, this property yields an impressive annual income of £30,900. The freehold status adds to the appeal, allowing for greater control over the property without the constraints of leasehold agreements. Furthermore, the absence of a chain facilitates a smoother transaction process, making it an attractive option for prospective buyers.

Whether you are an experienced investor or looking to enter the property market, this six-bedroom, four-bathroom residence on Piddock Road is a prime choice. With its excellent rental potential and desirable location, it promises to be a sound investment for years to come. Do not miss the chance to acquire this exceptional property.

Property Description - HMO Investment – Smethwick

Located on Piddock Road in vibrant Smethwick, this impressive end-terrace offers a prime investment opportunity. Spanning 1,216 sq. ft., it features six bedrooms, four bathrooms, and is ideal for HMO use.

Generating £2,575 PCM (£30,900 PA), this freehold. With no chain, the purchase process is seamless. Don’t miss out—enquire today!

Rm 1 - Double w ensuite (ground floor)

Rm 2 - Single w ensuite (ground floor)

Rm 3 - Double (ground floor)

Rm 4 - Double w ensuite (first floor)

Rm 5 - Double w ensuite (first floor)

Rm 6 - Single (first floor)

Area Description - Smethwick - Smethwick is a town in the Sandwell borough of the West Midlands region in England. It is located approximately 6 miles west of Birmingham city centre and is easily accessible by public transport, including buses and trains.

Smethwick has a range of local amenities including supermarkets, restaurants, and shops. There are also several parks and green spaces in the area, including Victoria Park and Sandwell Valley Country Park. The town has a number of cultural and recreational facilities, including the Smethwick Heritage Centre and the Galton Valley Canal.

In terms of proximity to Birmingham city centre, Smethwick is relatively close and easily accessible by public transport. The journey from Smethwick to Birmingham city centre by train takes around 15 minutes. There are also regular bus services between the two locations.

Buyers Fee And Reservation - Genie Homes pride ourselves on our simple and secure buying process.

This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.

Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.

Once you have viewed the property, we will ask you for feedback.

If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.

Please note: Should the property purchase not complete, the reservation fee will be refundable in ONLY these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)

The benefits of a buyers fee to the buyer are:

- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.

- This approach allows you to secure the property and start the conveyancing process
quickly.

- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.

- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.

All of these elements provide peace of mind from the outset, along with our personal and proactive approach.

We look forward to hearing from you soon.

Disclaimer - Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

TENURE
Freehold

POSSESSION
Tenant occupied

VIEWING
Viewing strictly by appointment through Genie Homes