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5 bedroom property for sale
Mount Pleasant, Redditch, B97 4JJ
£325,000
Mount Pleasant, Redditch, B97 4JJ
£325,000
Our Summary
- 75 per month) (Current winter fuel costs include Council Tax, TV, gas, electric, internet, water and buildings insurance) 7% return from current net rental income with scope to increase rent
Description
This investment HMO property is located less than a mile from Redditch Town Centre and has been fully let since 2018 with an excellent track record. The well-maintained property has been converted to the appropriate standards and holds a license from Redditch Borough Council. The current gross rental income is £28,080 per annum, with a net rental income of £22,269 per annum after winter fuel costs. The property offers a 7% return on current net rental income with potential to increase rent. The property features 5 double bedrooms, a kitchen breakfast room, downstairs WC, and a bathroom.