£745,000
(£215/sq. ft)
11 bed property for saleMill Road, Shelfield WS4
11 beds
9 baths
2 receptions
3,466 sq. ft
EPC Rating: C
- Freehold
RE/MAX Elite
.png){kind=logo}
About this property
Two separately licensed hmos sold together
11 bedrooms (9 en-suites) across both properties
Gross rental income: £6,165 pcm (£73,980 annual)
Net operating income (noi): £60,133
High occupancy rate: 99.45% in 2024
Gross yield: 9.93% and noi yield: 8.07%
Comprehensive noi covers all running and compliance costs
Off-street parking & excellent tenant facilities
Ready-made investment
EPC rating 77 (potential 85) for both properties
Two licensed hmos – 11 rooms, strong income, sold as one investment
A unique opportunity to acquire two fully licensed adjoining HMOs, sold together as a single investment package. Located on Mill Road in the popular WS4 area, this combined offering comprises a total of 11 bedrooms (including 9 en-suites) across two separate titles, offering a rare chance to secure a high-performing, fully occupied investment in one transaction.
The properties together generate a gross rental income of £6,165/month (£73,980 annual gross), achieving a net operating income (noi) of £60,133 annually after comprehensive running costs. These HMOs are licensed individually and meticulously maintained, providing hassle-free, high-yield returns in a sought-after location.
Property breakdown:
16 Mill Road, WS4 1RH
5 bedrooms (all en-suites, created from 6 original rooms-easy to reinstate if desired)
Spacious kitchen and communal areas
Modern fixtures and fittings
18 Mill Road, WS4 1RH
6 bedrooms (4 en-suites)
Well-maintained communal facilities
Bright, welcoming spaces
financial breakdown:
Monthly gross rental income: £6,165
Annual gross rental income: £73,980
Annual operating costs: £13,847
Net operating income (noi): £60,133
The comprehensive noi covers all running and compliance costs, including utilities, council tax, broadband, cleaning, TV licence, safety certifications, and HMO licensing.
Investor valuation (yield-based):
Selling price: £745,000
Gross yield: 9.93%
noi yield: 8.07%
EPC ratings:
EPC rating: 77 (current)
EPC potential: 85 (future)
Same ratings for both 16 and 18 Mill Road
additional investment opportunity:
For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY-an exceptional 6-bedroom licensed HMO. For more details, search 59 Hobby Way, WS11 7JY or ask the agent for further information.
Important Notice - Article 4
Article 4 Direction Coming October 2025, This area is due to fall under an Article 4 Direction from October 2025, meaning planning permission will be required to convert properties into HMOs (Houses in Multiple Occupation).
Currently, under Permitted Development Rights, smaller HMOs (up to 6 occupants) can be created without full planning permission. Once Article 4 takes effect, this flexibility will be removed.
Buy now and secure this opportunity before the restrictions come into force.
Don’t miss this standout dual HMO package at 16 & 18 Mill Road-high occupancy, strong returns, and comprehensive noi coverage. These properties offer secure, low-hassle investing in a prime location. Contact us today to arrange your viewing!
Zoopla insights
Sign in and gain expert analysis to make informed decisions.
Stamp duty calculator
Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news
This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.
