Mere Road, Erdington, Birmingham

Property Details: • Type: Terraced • Tenure: FREEHOLD • Floor Area: N/A

Key Features: • 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

Location: • Nearest Station: Gravelly Hill Station • Distance to Station: 0.4615149250841173 miles

Agent Information: • Address: 306 Rookery Road, Handsworth, Birmingham, B21 9QG

Full Description: <strong></strong> <strong></strong> HMO LICENSED<br />Investment opportunity to earn a steady income from this substantial property which has been converted into x6 rooms<br />The property offers communal kitchen/diner, x1 bathroom, x1 shower room<br /><br />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<br /><br /><br />Room 1 £380 pcm (£4560 per annum)<br />Room 2 £310 pcm (£3720 per annum)<br />Room 3 £350 pcm (£4200 per annum)<br />Room 4 £450 pcm (£5400 per annum)<br />Room 5 £120 pcm (£1440 per annum)<br />Room 6 £375 pcm (£4500 per annum)<br /><br />Total Rental Income: £1,985pcm ( £23,820per annum)<br />Average 9.7% gross yield<br /><br />Landlord to pay all utility bills including broadband<br />EPC Rating - D<br />Council Tax Band - B<br />HMO LICENSED<br /><br /><br />Buyers fee of 2% of the purchase price *terms & conditions apply<br />Contact office for further details