Dudley, DY2 8ED | Investment Property for Sale | VES-DY2-002

Opportunity to purchase a 3-bed HMO & shop in Dudley generating £22,320 rent pa & 9.5% gross yield

£235,000

HMO Semi-Detached House

VES-DY2-002

INITIAL INVESTMENT

£70,500

Based on

deposit: £58,750

stamp duty: £9,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£22,320

GROSS YIELD

9.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

3 bathrooms

0

1,576

Fully Furnished

This is a unique opportunity to purchase a 3-bed HMO as well as a commercial unit.

Property information

  • Ground floor

    • Large retail unit, which is a very busy barbershop
    • Current lease is for 7 years and started in January 2018
    • There is a break clause at the end of year 2
    • Tenants have no access to the shop, there is a separate entrance to the side of the shop
  • First floor

    • 2 x studio rooms with ensuite
    • Shared kitchen, fully fitted including integrated oven & hob and washing machine
  • Second floor

    • 1 x large loft studio with ensuite
    • Small kitchenette with sink

Rental income

  • Retail unit - £6,600 pa
  • Studio room 1 - £5,200 pa
  • Studio room 2 - £5,200 pa
  • Studio room 3 - £5,720 pa
  • Total rent pa - £22,320
  • Total rent pcm - £1,860
  • plus approximately £1,000 from electric ampy meter sales

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 Dudley, West Midlands

Dudley is a large town in the county of West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham.

There are multiple travel options from this property and Tipton station is conveniently only a 20-minute walk away. This train station is served by West Midlands Railway and runs services between Wolverhampton and Walsall via Birmingham. During the week there are two services every hour that run in each direction. There are also bus links to the neighbouring towns of Tipton, Walsall, Wolverhampton, Birmingham, West Bromwich and many more. The closest bus stop being less than 100m from this property, making it very easy to travel around the surrounding region.

This area of the Black Country is very rich in cultural attractions that are in walking distance such as the Black Country living Museum, Dudley Castle and Dudley Zoological Gardens. Slightly further down the road from this property is Castlegate Business Park which offers a broad range of retail stores, restaurants and a cinema. There are further retail options in town via the Merry Hill Shopping Centre & Churchill Shopping Centre which are packed with options and is known as the commercial centre.

The town of Dudley has much to offer in terms of work opportunities with in the town, some of the biggest employers in the local area include Mitie, Interserve, the NHS, DMBC and Rentokil Initial. Dudley is fortunate to being only a short half an hour drive from Birmingham via the A457, and so this opens up many opportunities for potential commuters looking for jobs in the neighbouring town.

Buffery Road,

Dudley,

West Midlands,

England,

DY2 8ED

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Important Note

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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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