- Fully let with substantial monthly income +
- HMO licence in place - compliant and ready to operate +
- Annual rental income of £29,940 +
- Gross yield of 13% +
- Five bedrooms +
- Tenants on individual ASTS - secure and diversified rental stream +
Pure Investor is delighted to offer this fully licensed, end-terrace HMO investment property located on a quiet cul-de-sac in Redditch. With five AST tenants in place, a full HMO licence, and no planning requirement (Class C use), this property offers immediate income and long-term investment security.
Spanning over 1,044 sq ft, the home offers four spacious bedrooms upstairs and one on the ground floor, with a communal kitchen, utility area, and a large reception/dining room. This property is currently operated under a rent-to-rent model but can be easily converted back to direct management to maximise returns.
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Financial Breakdown
Gross Rental Income: £2,495 pcm / £29,940 p.a.
Tenancy Type: 5 x ASTs
Current Agreement: Rent-to-rent at £1,200 pcm (contract expired - flexible to end/renegotiate)
HMO Licence: In place
Planning Class: C - no change required
Annual Running Costs (when self-managed):
* Energy: £4,125
* Water: £1,009
* Council Tax: £1,776
* TV Licence: £168
* Internet: £564
* Gardener & Cleaner: £1,600
* Insurance: £312
Total Outgoings: £9,554 p.a.
Net Income: £20,386 p.a.
Gross Yield: 12.7%