Sponsored Get a Survey — free quotes via ReallyMoving
5 bed terraced house
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Essential before buying a property with potential — compare up to 5 quotes free
Our Summary
- Investment Opportunity
- HMO licensed - Investment opportunity all rooms let on a annual return of £23,820 per year, giving 9
- HMO licensed Investment opportunity to earn a steady income from this substantial property which has been converted into x6 rooms The property offers communal kitchen/diner, x1 bathroom, x1 shower room Let on individual AST's to long term tenants, this property presents a opportunity for investor to purchase a ready made investment with an average 9
Get alerted when similar properties are listed — Subscribe
Description
This is a substantial property in Erdington, converted into six rooms and licensed as a House of Multiple Occupation (HMO). The property offers a communal kitchen/diner, one bathroom, and one shower room, and is let to long-term tenants on individual Assured Shorthold Tenancies (ASTs). The annual rental income is £23,820, generating a gross yield of 9.7%.
The landlord is responsible for paying all utility bills, including broadband, and the property has an EPC rating of D and is in Council Tax Band B. This is an investment opportunity for someone looking for a steady income stream, with a buyer's fee of 2% of the purchase price applicable.