Property Details: • Type: 5 • Tenure: N/A • Floor Area: N/A
Key Features:
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 7 Church Green East, Redditch, B98 8BP
Full Description: Hunters Estate Agents are pleased to offer this investment HMO Property with 5 double bedrooms which is currently fully let with an excellent track record since 2018. This well maintained property is situated less than 1 mile from Redditch Town Centre, bus and rail stations. The freehold property is understood to have been fully converted to the appropriate standards and holds a licence from Redditch Borough Council. It has since been further improved with a new kitchen with appliances and white goods together with a new boiler and cloakroom suite. Income:Current gross rental income is £28,080 per annum (£2,340 per month)Current net rental income based on winter fuel costs is £22,269 per annum (£1855.75 per month) (Current winter fuel costs include Council Tax, TV, gas, electric, internet, water and buildings insurance) 7% return from current net rental income with scope to increase rent.Kitchen Breakfast Room - 3.1m x 3.2m - Downstairs Wc - 1.70m x 2.11m - Bedroom One - 3.91m x 3.7m - Bedroom Two - 3.9m x 3.71m - Bedroom Three - 3.91m x 3.7m - Bedroom Four - 3.91m x 3.7m - Bedroom Five - 3.81m x 2.49m - Bathroom - 2.8m x 1.8m - BrochuresMount Pleasant, Redditch, B97 4JJ
