House For Sale £350,000
Property
kb Roman Investments are pleased to present a sizeable terraced property located in Aston. The property benefits from 6 large double bedrooms that have all been recently refurbished with a back to brick renovation to provide 6 self contained ensuite bedrooms with full HMO specification. Approached through an entrance hallway, bedroom 1 and 2 are located on the ground floor, large double bedrooms comprising all bedroom furniture; (wardrobe, draws, bed, bedside table) and an independent ensuite shower room in each room. The ground floor hallway leads to a sizeable open plan kitchen lounge area benefiting from a separate kitchen with all appliances (cooker and hob, extractor, washing machine, sink) the kitchen leads on to the rear access to the garden and a downstairs WC.
Upstairs, the first floor hallway leads off to 3 sizeable ensuite double bedrooms. The second floor comprises a sizeable loft conversion that provides a boiler utility room and a further 6th bedroom with an ensuite.
Tenure
The property is currently let on a long-term Fri lease under a Housing Association providing much needed social housing provision in the area. The current rental rate is £2400 per calendar month excluding bills, tax and maintenance, providing a rental income of £28,800 per annum.
The property is currently producing a yield 8.2%
Forecast roi 24% (subject to standard btl & insurance)
Location
The property is well connected via transport links with a direct bus route 1 minute walking distance from the property leading directly into Central Birmingham, the property is also conveniently located near Witton station, 13 minute commute into Birmingham New Street (Central). The property falls within 1/2 mile radius of the Perry Barr regeneration scheme which is the epicentre of £500m worth of government investment transforming the area in the coming years.
Reservation & Fees
Interested parties are advised to conduct their own due diligence. Due to the nature of these income producing readymade investment assets Buyer's will be required to pay a Buyer's Fee in order to secure exclusivity on the property.
kb Roman Investments are pleased to present a sizeable terraced property located in Aston. The property benefits from 6 large double bedrooms that have all been recently refurbished with a back to brick renovation to provide 6 self contained ensuite bedrooms with full HMO specification. Approached through an entrance hallway, bedroom 1 and 2 are located on the ground floor, large double bedrooms comprising all bedroom furniture; (wardrobe, draws, bed, bedside table) and an independent ensuite shower room in each room. The ground floor hallway leads to a sizeable open plan kitchen lounge area benefiting from a separate kitchen with all appliances (cooker and hob, extractor, washing machine, sink) the kitchen leads on to the rear access to the garden and a downstairs WC.
Upstairs, the first floor hallway leads off to 3 sizeable ensuite double bedrooms. The second floor comprises a sizeable loft conversion that provides a boiler utility room and a further 6th bedroom with an ensuite.
Tenure
The property is currently let on a long-term Fri lease under a Housing Association providing much needed social housing provision in the area. The current rental rate is £2400 per calendar month excluding bills, tax and maintenance, providing a rental income of £28,800 per annum.
The property is currently producing a yield 8.2%
Forecast roi 24% (subject to standard btl & insurance)
Location
The property is well connected via transport links with a direct bus route 1 minute walking distance from the property leading directly into Central Birmingham, the property is also conveniently located near Witton station, 13 minute commute into Birmingham New Street (Central). The property falls within 1/2 mile radius of the Perry Barr regeneration scheme which is the epicentre of £500m worth of government investment transforming the area in the coming years.
Reservation & Fees
Interested parties are advised to conduct their own due diligence. Due to the nature of these income producing readymade investment assets Buyer's will be required to pay a Buyer's Fee in order to secure exclusivity on the property.
