Birmingham, B23 6AN | Investment Property for Sale | VES-B23-432

Development opportunity in Erdington, Birmingham

£229,000

Terraced House

VES-B23-432

INITIAL INVESTMENT

£103,950

GROSS RENT / YIELD

£33,600 / 14.7%

NET RENT / YIELD

£25,807 / 11.3%

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The property

TENANCY

Vacant

TENURE

Freehold

4 bedrooms

2 bathrooms

3 reception rooms

1,704

Unfurnished

This is a unique opportunity to purchase a property with huge development potential.

Development potential

  • potential to convert this property into a HMO or individual flats - subject to planning permission
  • if converted into a 7 bedroom HMO the expected rent is £33,600 per annum
  • there is access to the rear via another road, which further opens up the development potential
  • foundations for a demolished double garage at the rear of the building are still intact, which would allow for a new structure to be added to allow more living space (STPP)
  • the property comes with a large rear garden also offering the potential for further development - subject to planning permission

Property information

  • 3-storey mid-terrace house
  • current layout as per listing's floorplan
  • £33,600 - anticipated annual rental income (if converted into 7 bedroom HMO)
  • 14.7% - anticipated gross rental income (based on £33,600 rent pa)
  • EPC rating E

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£33,600

Equivalent of £2,800 per calendar month (PCM).

GROSS RENTAL YIELD

14.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£25,807

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

11.3%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£7,793

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Birmingham, West Midlands - new

Birmingham is the second largest city in the UK and boasts a population close to four million and is still growing rapidly. This metropolitan city can be found in the West Midlands, around 120 miles north west of London.

Due to its central location within the country, Birmingham has fantastic travel routes via the motorway, rail and even canal networks. Major motorway routes such as the M5, M6, M40 and M42 all pass through Birmingham connecting it to all parts of the nation.

Birmingham has a busy extensive rail network system. The busiest station is Birmingham New Street, which is actually the busiest station outside of London and offers Virgin fast trains to London Euston, Glasgow Central and Edinburgh Waverley.

Also, soon to be home to the High Speed 2 rail link, which will stop at Birmingham’s Curzon Street railway station and offer a service to central London in under 50minutes as well as other routes around the country. Travelling around within the city couldn’t be easier as Birmingham has one of the busiest urban rail systems and urban bus systems outside of London, capable of taking you to any desired location in and around the city.

There are five universities in Birmingham: University of Birmingham, Birmingham City University, University College Birmingham, Aston University and Newman University. The city also has major campuses of the University of Law, BPP University and 14 campuses of the Birmingham Metropolitan College, one of the largest further education colleges in the country, making it the highest population of students in higher education outside of London.

Birmingham is home to many amazing job opportunities through many well-known employers, such as; National Express, Lloyds Banking Group, RBS, Whitbread, Jaguar and Rolls Royce to name a few.

Fentham Road,

Birmingham,

West Midlands,

England,

B23 6AN

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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