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6 bed detached house
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Price History
Our Summary
- **Investment Opportunity**
- *** inviting investors*** instant income generator*** | Renovated 2021 | high-end HMO with each room featuring an en-suite bathroom | The property is well-maintained and includes spacious communal areas | Off-street parking for 3 cars | All furnishings included | Investment opportunity | £43,920 per annum £3,660 Monthly income | Fully occupied
- With the future addition of the Midland Metropolitan Hospital development being completed in 2024 there is potential for more demand for accomodation in the surrounding areas
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Description
This is a renovated, high-end House in Multiple Occupation (HMO) in West Bromwich, featuring six bedrooms, each with an en-suite bathroom. The property was fully renovated in 2021 and includes spacious communal areas, off-street parking for three cars, and a low-maintenance paved rear garden. The kitchen is fully fitted with modern appliances, and each bedroom has an electric shower, toilet, and sink unit.
The property is currently fully occupied by working professionals and is governed by Sandwell Council. The rental income is £43,920 per annum, with a yield of 9.34%. All necessary certificates and notices are up-to-date, including gas safety, electrical, and fire alarm certifications.
The property is an excellent investment opportunity, with a high rental income and potential for future growth in the area.