Property Details: • Type: Terraced • Tenure: Freehold • Floor Area: N/A
Key Features: • Fully let with substantial monthly income • HMO licence in place - compliant and ready to operate • Annual rental income of £29,940 • Gross yield of 13% • Five bedrooms • Tenants on individual ASTS - secure and diversified rental stream
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG
Full Description: Pure Investor is delighted to offer this fully licensed, end-terrace HMO investment property located on a quiet cul-de-sac in Redditch. With five AST tenants in place, a full HMO licence, and no planning requirement (Class C use), this property offers immediate income and long-term investment security. Spanning over 1,044 sq ft, the home offers four spacious bedrooms upstairs and one on the ground floor, with a communal kitchen, utility area, and a large reception/dining room. This property is currently operated under a rent-to-rent model but can be easily converted back to direct management to maximise returns.
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Financial Breakdown Gross Rental Income: £2,495 pcm / £29,940 p.a. Tenancy Type: 5 x ASTs Current Agreement: Rent-to-rent at £1,200 pcm (contract expired - flexible to end/renegotiate) HMO Licence: In place Planning Class: C - no change required Annual Running Costs (when self-managed): * Energy: £4,125 * Water: £1,009 * Council Tax: £1,776 * TV Licence: £168 * Internet: £564 * Gardener & Cleaner: £1,600 * Insurance: £312
Total Outgoings: £9,554 p.a. Net Income: £20,386 p.a. Gross Yield: 12.7%
