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5 bedroom terraced house for sale
39 Mere Road, Birmingham B23 7LH
£160,000
39 Mere Road, Birmingham B23 7LH
£160,000
Our Summary
- This property remains available and open to offers following the auction on 27 March 2025
- An investment opportunity to acquire a freehold property currently generating a handsome yearly rental income of £24,500
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 27
- Good return on investment opportunity - 15
Description
This five-bedroom property, currently used as a four-bedroom house share, is available for purchase and is generating a yearly rental income of £24,500, yielding 15.3% against the guide price. The property is a period-style terraced home with a mature garden and is located near Gravelly Hill train station and shops along Slade Road. It is within walking distance to Brookvale park and lake, which offers various amenities. The property is a good buy-to-let investment for savvy investors seeking a healthy return on their investment. Note that a HMO license has been submitted and is expected to be secured within a few weeks.