Mill Road, Shelfield WS4 11 bed house for sale

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Mill Road, Shelfield WS4 11 bed house for sale

Mill Road, Shelfield
£745,000

Our Summary

  • 0%EPC RATINGS:EPC rating: 77 (current)EPC potential: 85 (future)Same ratings for both 16 and 18 Mill RoadADDITIONAL INVESTMENT OPPORTUNITY:For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY—an exceptional 6-bedroom licensed HMO

Description

This unique investment opportunity presents two fully licensed adjoining HMOs, sold together as a single package, located on Mill Road in the popular WS4 area. The combined properties feature 11 bedrooms, including 9 en-suites, and generate a gross rental income of £6,110/month, with a net operating income (NOI) of £59,473 annually after comprehensive running costs. The properties are meticulously maintained, providing hassle-free, high-yield returns in a sought-after location. With a selling price of £745,000, the gross yield is 9.8% and the NOI yield is 8.0%. The properties have an EPC rating of 77, with potential to increase to 85. This is a rare chance to acquire a high-performing, fully occupied investment in one transaction, offering secure, low-hassle investing in a prime location.