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House For Sale £250,000
Brown Road, Wednesbury WS10


Description
This is an investment opportunity to purchase a 5-bed HMO in Wednesbury generating £24,180 rent pa & gross yield of 9.7%.

Property information

  • HMO licence for 5 people in 5 bedrooms
  • There are 6 bedrooms, but one room is smaller than the minimum requirement, so the property is let as a 5-bed
  • There might be potential to make use of the 6th bedroom with a slight amendment
  • The property was fully refurbished
  • Spread over 2 floors
  • Shared kitchen/dining area
  • Back garden
  • Downstairs WC
  • Off-road parking for 2 cars
  • EPC rating C


Rental information

  • Room 1 - £415 pcm
  • Room 2 - £400 pcm
  • Room 3 - £400 pcm
  • Room 4 - £400 pcm
  • Room 5 - £400 pcm
  • Room 6 - not let
  • Total rent pcm: £2,015
  • Total rent pa: £24,180


Running costs

The vendor provided us with the following running costs for this property:

  • Council tax: £110 pcm
  • Gas: £80 pcm
  • Electricity: £60 pcm
  • Water: £35 pcm
  • Wifi: £32 pcm
  • TV licence: £13 pcm
  • Cleaner: £75 pcm
  • Total cost pcm: £405
  • Total cost pa: £4,860


Location information

  • The property is located in the Darlaston area of Wednesbury
  • The city centre is approximately 2.4 miles from the property by car
  • There are a number of bus stops within walking distance of the property
  • Easy access to the Black Country Route


Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

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

  
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