5 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- HMO
- Investment
- 5 Bedroom HMO
- Open Plan
- Student Investment Property
- Currently Let To 30th June 2024
Perfectly positioned for students, this property offers a prime location within close proximity to University of Birmingham, public transportation, and all the excitement that Selly Oak has to offer.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241 p.a. With cosmetic improvements made in addition to the bedroom equalisation, we estimate the annual rent achievable to be circa £30,000 pa, which would give a gross yeild of 10%.
A Certificate of Lawful Use confirming C4 usage has been issued by Birmingham City Council.
The fifth bedroom, while currently too small to rent out, presents an opportunity for expansion. With a few small adjustments, this space could easily be transformed for an additional tenant, making it an attractive investment opportunity for those looking to maximise rental income.
Council Tax Banding: A (Birmingham City Council)
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
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Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area: obtained on March 31, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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