Property Details: • Type: Terraced • Tenure: FREEHOLD • Floor Area: 1017 sqft
Key Features: • Licensed HMO • Great Investment Opportunity • Yield 10% • 4 Double Bedrooms • Fully Occuppied • Great Location • Close to Amenities • Private Garden • Income £37,000 p.a • Low running costs
Location: • Nearest Station: Jewellery Quarter Tram Stop • Distance to Station: 0.6289585614801656 miles
Agent Information: • Address: 70 Bromsgrove Street, Birmingham, B5 6NU
Full Description: <p>A 5 bedroom, 3-story house in a multiple occupation (HMO) property designed to maximize income potential. This property has been with the current owners for many years and it has been a great income for them, showing that the new owners will have instant income from day one. </p><p>As you walk up to the property you are welcomed with a self contained annex, previously the garage, which comprises of a double bedroom, small kitchenette and a shower room. </p><p>As you step into the entrance hall, you are greeted with a downstairs shower room and an open-plan kitchen diner which has ample storage space with an area for a dining table and seating area. Moving towards the rear of the property, there is a low maintenance private rear garden with a storage shed to keep your garden tools. </p><p>Ascending to the first floor there are two bedrooms, one double bedroom facing the garden with wide windows letting in natural light. The bedroom on the other end of the hallway is a single bedroom with an en-suite. The second floor continues the trend with an additional two double bedrooms and a separate 3 piece bathroom for either tenant to use. </p><p>To complement the property, it provides off-street parking to the front, ensuring convenience and ease of access for tenants with vehicles. </p><p>This 5-Bed, 3-story HMO property presents an exceptional opportunity for investors seeking a lucrative income. With a focus on maximising rental potential, this property promises a strong return on investment. Don't miss out on this outstanding opportunity to capitalise on the thriving rental market. </p><p>We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof /source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property. We use GoTo Group to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history. With effect from 1st March 2025 a non-refundable compliance fee of £40.00 + VAT per buyer / donor will be required to be paid to the GoTo Group direct when an offer is agreed and prior to a sales memorandum being issued. </p> EPC rating: C. Tenure: Freehold,