Birmingham, B66 4NG | Investment Property for Sale | VES-B66-001

Terraced HMO in Birmingham generating £35,940 in rent per annum & a gross yield of 9%

£400,000

6-Unit HMO House

VES-B66-001

INITIAL INVESTMENT

£185,400

GROSS RENT / YIELD

£35,940 / 9.0%

NET RENT / YIELD

£27,605 / 6.9%

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The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

6 bathrooms

1 reception room

TBC

Fully Furnished

A fully let 6-bedroom and fully furnished HMO

  • Room 1 - rent £525 pcm
  • Room 2 - rent £475 pcm
  • Room 3 - rent £450 pcm
  • Room 4 - rent £595 pcm
  • Room 5 - rent £475 pcm
  • Room 6 - rent £475 pcm

Property information

  • all bedrooms are fully furnished
  • all bedrooms have an en-suite as well as a fridge
  • there is also a communal kitchen
  • EPC rating D

Whilst the displayed financials below are market averages, these are the current running costs provided by the landlord:

Running costs

  • Council tax: £1,435.22
  • Water bill: £382.88
  • Gas & electricity bill: £710.16
  • Total pa: £2,528.26
  • Total pcm: £210.69

Please contact us for a bespoke financial analysis, documents or any other questions.

Note

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

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

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

£35,940

Equivalent of £2,995 per calendar month (PCM).

GROSS RENTAL YIELD

9.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£27,605

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.9%

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

FULLY MANAGED OPERATING COSTS

£8,335

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.

Grange Road,

Smethwick,

West Midlands,

England,

B66 4NG

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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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