ATTENTION INVESTORS! - LICENSED HMO WITH SIX ROOMS - ESTIMATED GROSS YIELD OF 11 - 13% - TASTEFULLY RENOVATED CHARACTER PROPERTY - A substantial period property in the Handsworth area of Birmingham which presents an excellent opportunity for active property investors who wish to acquire a HMO (house of multiple occupancy).
Fully compliant and licensed by Birmingham City Council as well as being in excellent, modern condition - this property will be ready to advertise and let to tenants straight away. With 6 rooms on offer over the three floors, 2 of which have en-suite shower rooms along with communal cloakroom, first floor bathroom, a spacious reception room, fitted kitchen and rear garden.
Room rates can vary but the expected income is an average of £100 - £120 per week per room (depending on size and whether or not it has own bathroom). Please note that this is a rough estimate and if you wish to purchase this property you should conduct your own research on local room rates.
Please call for further information or to arrange a viewing on 01902 421405.