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4 bedroom terraced house for sale
Frome Drive- Licenced HMO Investment, Wolverhampton WV11
£230,000
Frome Drive- Licenced HMO Investment, Wolverhampton WV11
£230,000
Our Summary
- The opa is delighted to present this hands-off HMO investment opportunity, offering a rental income of £21,600
- Tenure & investment opportunity
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
Description
This is a hands-off HMO investment opportunity in Wednesbury, North of Birmingham, offering a rental income of £21,600 per annum. The property is a three-story mid-terrace house with four bedrooms, a utility area, kitchen/dining area, lounge, and two double bedrooms with a shared bathroom. The property benefits from a rear garden and a driveway for one car. It is fully tenanted and let to a serviced accommodation provider with a HMO license, ensuring a guaranteed net rental income. The property is freehold and has a 3-year lease from 05/10/2024, with the tenant responsible for bills, council tax, and most internal repairs and maintenance. The investment highlights include no void periods, no general maintenance, no council tax, no bills, and no management fees, making it a hassle-free investment opportunity for investors.