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House For Sale £275,000
Highfield Lane, Birmingham B32


Description
Emoov property reference number: 095640

Attractive as a multi-let investment property or large family home.

This 4-bedroom semi-detached house in the sought-after area of Quinton, next to affluent Harbourne provides a perfect location within easy reach of local amenities and public transport links.

The impressive accommodation is well presented and of a good size and comprises ample living space and 4 double bedrooms (including 2 with ensuite bathrooms).

Please see the many photographs that accompany this listing and the indicative floor plan. To fully appreciate this property please arrange a viewing appointment which you can do 24/7 by visiting our website.

Your special tour guide

You will be shown around by John, a long-term tenant who has happily lived at the house for 5 years. He will provide helpful information about what it's like to live there, the tenants it's had, amenities in the local area, neighbours, house facilities, etc.

Investment financials

This property has been let since 2015, mainly fully occupied receiving rent of gbp 1,700 per month - receipts can be verified by multi-let specialist letting agent which the landlord has worked with since 2015. Rent for ensuite bedrooms is gbp 450 per month each and for standard bedrooms is gbp 400 per month including all bills.

This offers around a 7% yield from rental income, plus great potential for capital appreciation. The property is in a sought-after area and postcode (Quinton, B32), with the affluent Harbourne area also very close by.

Major refurbishment completed in 2015 after purchase

The property had a total renovation in 2015, including the installation of two ensuite bathrooms in the largest two double bedrooms, soundproofing, new electrics, new carpets, fully repainted, new kitchen and all appliances, and all furnishings. Birmingham Council approved this property before and after renovations as meeting all standards (and more) for a multi-let. No HMO license is needed as yet as it is for 4 tenants (with 4 rooms).

The loft contains a Worcester megaflow boiler, installed in 2015, with a huge water tank to provide excellent heating, great water pressure and piping hot showers for all 3 bathrooms simultaneously.

Options to add even more value

There is further potential to convert to 5-bed HMO by making the lounge a fifth bedroom, or even create more floor space by extending the kitchen area into the rear 100ft garden. There is also ample space in the loft.

Most buyers would be happy to keep as-is for either an investment rental or family home with no investment needed to continue to rent out if desired.

Book a Viewing by visiting our website or calling us.

Perfect location for long-term residents or working professional tenants

The house is only a few hundred metres from a Tesco supermarket, with a Co-op, Asda supermarket, dry cleaning, takeaway restaurants, hardware stores, cinema, sports centre and gym amongst helpful ameities about 1 mile from the house.

Great transport links to Birmingham City Centre (only 4.5 miles away).

Bus links to Halesowen and beyond are an easy walk away. Residents or tenants have access to the M5, M6 and M1 motorways, with the property only two miles to the Frankley Junction (J3) to go North or South of the country.

On Hagley Road, there are bus services every 10 mins that take you right to the centre of Birmingham (the cathedral), with plenty of major employers as well as beautiful places to visit such as Birmingham Library, Philarmonic Orchestra, China Town, the Jewellery Quarter and major shopping centres.

Queen Elizabeth Hospital is around 4 miles away. Selly Oak train station and shopping centre is around 5 miles away.

The affluent Harbourne is only 2 miles away.

Large parks and good schools very closeby

Great schools are located in the area, with one just around 100 metres away. There is also lots of green space just down the road, with Quinton Education Playing Fields that links to the large Woodgate Valley Country Park for daily exercise, walks, etc.

Quinton is a quiet neighbourhood. Our neighbours are very friendly and the area is well-monitored by the Neighbourhood Watch Scheme. This is a rare opportunity to purchase a solid property in one of Birmingham's safest areas (B32 - Quinton).

Parking

There is ample parking is available at the front of the property - both driveway and on-street parking for many visitors if needed.

Book a Viewing by visiting our website or calling us. This is a solid investment or family home that will not disappoint with strong proven track record and you will be shown around by a tenant who has lived in the house for 5 years, a testament to what it's like to live in the house.

Additional notes

Please note, all tenants have been served notice - John is the final remaining tenant and will stay at the property until it is sold. A preference for keeping John at the property as a tenant is favoured by the landlord and references direct from the owner can be made on request.

Follow the link for more information:
        
zoopla.co.uk

  
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