Guide price
£325,0005 bedroom property for sale
Mount Pleasant, Redditch, B97 4JJ
Property
5 beds
2 baths
1,291 sq ft / 120 sq m
EPC rating: E
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Freehold
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 -
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 -
Property information from this agent
About this agent
Full profileProperty listings
Hunters Estate Agents and Letting Agents Redditch have been operating in and around the district since 2017. Richard Hadley, Franchise owner, formerly owned Hadley & Co which had been in the area for over a decade. Richard has lived in the area all his life apart from a few years at University. His academic background was in project/business management, but started dealing in property personally from 1998. Hadley & Co was born out of a bedroom in Redditch in 2003. Since then the housing market and industry has changed hugely so took a huge step forward and joined one of the largest estate agencies nationwide. Looking to sell your Redditch property? Why not get the process started with your free, no-obligation valuation? Choose from a free online valuation that can be completed in minutes or arrange for one of our property experts to view your house in person. In order to provide the level of service that Hunters Estate Agents and Letting Agents Redditch are proud of nothing is more important than the people who are in the business. The team at Hunters Redditch are privileged to have some very experienced and capable team members, who can also offer the personal touch demanded. None more so than Kathryn Loynes, who manages the lettings team: Tracey Clarke, Alice Coley, Tom Cleaveley, and Christopher Abbett, who manages the sales team: Susanna Cookes, Kelby Pierpoint and Tom. Both of them are hugely experienced and have worked previously in corporate and other independent agencies and both been brought up in the area and still live locally. I think this is extremely important with regard to knowing the property and surrounding area, but equally for understanding what local people generally want when it comes to property.