5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Mere Road, Erdington, Birmingham B23
£220,000

Our Summary

  • HMO licensed - Investment opportunity all rooms let on a annual return of £23,820 per year, giving 9
  • Investment opportunity to earn a steady income from this substantial property which has been converted into x6 rooms
  • Investment Opportunity

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.