Wednesbury, WS10 8PP | Investment Property for Sale | VES-WS10-001

Opportunity to purchase a 5-bed HMO in Wednesbury generating £25,200 rent pa & gross yield of 10.1%

£250,000

HMO Semi-Detached House

VES-WS10-001

INITIAL INVESTMENT

£75,000

Based on

deposit: £62,500

stamp duty: £10,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£25,200

GROSS YIELD

10.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

5 bathrooms

0

990

Fully Furnished

Property information

  • HMO licence for 6 people in 5 bedrooms
  • The property consists of 6 bedrooms (rooms 3 & 4 are used as a joint unit with Jack & Jill bathroom)
  • The property was fully refurbished
  • Spread over 2 floors
  • Shared kitchen/dining area
  • Back garden
  • Downstairs WC
  • Off-road parking for 2 cars
  • EPC rating C

Rental information

  • Room 1 - £400 pcm
  • Room 2 - £400 pcm
  • Room 3/4 - £500 pcm
  • Room 5 - £400 pcm
  • Room 6 - £400 pcm
  • Total rent pcm: £2,100
  • Total rent pa: £25,200

Running costs

The vendor provided us with the following running costs for this property:

  • Council tax: £110 pcm
  • Gas: £80 pcm
  • Electricity: £60 pcm
  • Water: £35 pcm
  • Wifi: £32 pcm
  • TV licence: £13 pcm
  • Cleaner: £75 pcm
  • Total cost pcm: £405
  • Total cost pa: £4,860

Location information

  • The property is located in the Darlaston area of Wednesbury
  • The city centre is approximately 2.4 miles from the property by car
  • There are a number of bus stops within walking distance of the property
  • Easy access to the Black Country Route

Note

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

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 Wednesbury, West Midlands

Wednesbury is a market town in the West Midlands. It lies around 4 miles south of Walsall, 5 miles north-east of Dudley and 10 miles north-west of Birmingham.

The town is well connected via the road network with the M5 easily accessible via the Black Country New Road/A41 and the M6 motorways accessible via Wood Green Road.

The West Midlands Metro has two stops in town, at Great Western Street and Wednesbury Parkway, connecting it to Wolverhampton and Birmingham. The local bus station in the centre of town offers links to Wolverhampton, West Bromwich, Walsall, and Dudley.

The closest railway station is Bescot Stadium, just 2.5 miles outside of Wednesbury. West Midlands Railway operates services on the Walsall Line between Birmingham New Street and Walsall. Some south-bound trains go to London Euston as well as Wolverhampton. Northbound trains go to Walsall and Rugeley Trent Valley.

There are a number of attractions in and around Wednesbury, such as the Wednesbury Museum and Art Gallery, the Walsall Leather Museum, Walsall Arboretum, Black Country Living Museum, Bromwich Hall and Sandwell Valley Country Park.

Education in Wednesbury is provided by one primary school and one primary academy, as well as one high school and three academies.

One of the notable local employers is Ikea, with one of their stores located near junction 9 of the M6 just north of town. The nearby Gallagher Shopping Park also offers a variety of job opportunities in the retail sector.

Brown Road,

Wednesbury,

West Midlands,

England,

WS10 8PP

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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.

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