Birmingham, B23 7LD | Investment Property for Sale | VES-B23-001

Opportunity to purchase a 6-bed HMO in Birmingham generating £26,400 rent pa and a gross yield of 7.5%

£350,000

HMO Terraced House

VES-B23-001

INITIAL INVESTMENT

£100,500

Based on

deposit: £87,500

stamp duty: £10,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£26,400

GROSS YIELD

7.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

6 bathrooms

1 reception room

1,292

Fully Furnished

Please note that the tenancy is a fully repairing and insuring (FRI) lease generating net rent of £26,400 per annum and a net yield of 7.5%. The fully managed operating costs and net yield shown in the calculations should be ignored.

Property information

  • Spread over 2 floors
  • 6 self-contained units, each including:
    • Living area
    • En-suite shower room
    • Small kitchenette with fridge-freezer, sink, hotplate and microwave
  • Communal kitchen
  • Communal garden
  • The property is let to a housing association, who are also responsible for all bills and internal maintenance
  • Monthly rental income £2,200
  • Any major or structural works and building insurance are the responsibility of the owner

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

We are currently awaiting the tenancy agreement from the landlord and will update the listing when received.

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

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.

Frances Road,

Birmingham,

West Midlands,

England,

B23 7LD

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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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