House For Sale
£
250,000
Brown Road, Wednesbury WS10
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2
3
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5
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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.
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Ince Road
Hampton Place
Khyber Close
Brown Road
Willenhall Street
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Ames Road
Hall Street East
Haycock Place
Cash-Joynson Avenue
Bayley Crescent
Walsall
West Midlands Combined Authority
West Midlands
England
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