6 bedroom terraced house for sale

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6 bedroom terraced house for sale

27 Valley Road, Walsall, West Midlands, WS3 3EU
£160,000

Our Summary

  • FOR SALE BY ONLINE AUCTION - A fully tenanted six bedroom, two bathroom HMO with a five year guaranteed rent agreement in place producing £21,300 per annum Description Freehold mid terrace house Benefits from a large rear garden Large communal living space Guaranteed rent agreement in place for 5 years Rental increases with rent guaranteed up to £23,400 per annum by year 4 Impressive 13
  • The auctioneers have not had the opportunity to the property prior to marketing the property for auction

Description

This six-bedroom, two-bathroom HMO property is located on Valley Road in Walsall, offering a convenient commute to the town center, hospital, and university. The freehold mid-terrace house benefits from a large rear garden and communal living space, making it an attractive investment opportunity. A five-year guaranteed rent agreement is in place, producing £21,300 per annum, with rental increases guaranteed up to £23,400 per annum by year four, resulting in an impressive 13.3% net yield on the guide price. The property is fully tenanted and has undergone various compliance checks, including an HMO license, EICR, and gas safety certificate. The tenancy agreement is dated April 2025 and runs for five years, with a rental income of £1,775 per month for the first 12 months, increasing annually. The property is being sold by online auction, and buyers are advised to note that the internal images were taken prior to the rental agreement starting.