£220,000
5 bed terraced house for saleMere Road, Erdington, Birmingham B23
5 beds
2 baths
EPC Rating: D
- Freehold
Henley Charles
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About this property
Investment Opportunity
Rental Income £23.80k Per Year
All Flats Fully Occupied On AST's
Producing 9.7% Gross Yield
Substantial Property
X6 Bedrooms
X2 Bathrooms
15 mins walk to Gravelly Hill Train Station
Contact Office For Further Details About This Opportunity
Video Tour Available On hc Website
HMO licensed - Investment opportunity all rooms let on a annual return of £23,820 per year, giving 9.7% gross yield on investment. Located in Erdington & only 15mins walk to Train Station, this property is ideal for someone looking for a steady income stream.
HMO licensed
Investment opportunity to earn a steady income from this substantial property which has been converted into x6 rooms
The property offers communal kitchen/diner, x1 bathroom, x1 shower room
Let on individual AST's to long term tenants, this property presents a opportunity for investor to purchase a ready made investment with an average 9.7% gross yield
Room 1 £380 pcm (£4560 per annum)
Room 2 £310 pcm (£3720 per annum)
Room 3 £350 pcm (£4200 per annum)
Room 4 £450 pcm (£5400 per annum)
Room 5 £120 pcm (£1440 per annum)
Room 6 £375 pcm (£4500 per annum)
Total Rental Income: £1,985pcm ( £23,820per annum)
Average 9.7% gross yield
Landlord to pay all utility bills including broadband
EPC Rating - D
Council Tax Band - B
HMO licensed
Buyers fee of 2% of the purchase price *terms & conditions apply
Contact office for further details
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