House For Sale £205,000
4 bed HMO | Fully renovated 2019 | 4 En Suite | Fully Furnished | All Bills Included | Off Street Parking | Great Location | Gravelled, low maintenance driveway
Description
It's not every day that you can get into the high end, en suite HMO market in Birmingham at such a reasonable price point. This property was beautifully renovated in 2018/19 and has been let out to professionals for the last 3 years. Sitting in an article 4 area, where new HMO properties are no longer permitted development.
Castle Vale is adjacent to Erdington and is home to various business parks, distribution centres, factories and most notably Jaguar Land Rover. So the area isn't short of good quality professional tenants. Tangmere Drive in particular, is very close to jlr.
The property is set back from the main road and has a gravelled, low maintenance driveway with space for at least 2 cars. The rear of the property also has access for vehicles and has another 2 parking spaces, so all tenants are able to park off road.
On the ground floor you will find one large double room with it's own bathroom as well as a sprawling kitchen/diner/lounge that encompasses the rear portion of the building. Each bedroom is fully furnished with a modern colour scheme and design, they come with an ensuite shower room including toilet and hand basin.
The first floor has the remaining three en-suite rooms. Again all rooms on this level are fully finished and provide ample living space for working professionals.
As a 4 bed for 4 persons, this property does not need a HMO license, but all required certification is available.
Construction: Non Standard Construction
Rental Information
The rental breakdown is as follows.
Room 1 - £500pcm
Room 2 - £525pcm
Room 3 - £475pcm
Room 4 - £495pcm
Total gross monthly rent - £1,995pcm
Total gross annual rent - £23,940 per annum
Gross yield at asking price - 10.9%
All certificates and notice boards are up to date
Gas Safety Cert
Eicr
Annual Emergency Lighting Cert
Annual Fire Alarm Cert
Annual pat Testing
Fire Risk Assessment
Fire Log Book
EPC
AST's for all rooms
dps Certificates for all tenants
Buyers Fee And Reservation
Genie Homes pride ourselves on our simple and secure buying process.
This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.
Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.
Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)
The benefits of a buyers fee to the buyer are:
- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.
- This approach allows you to secure the property and start the conveyancing process
quickly.
- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.
- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.
All of these elements provide peace of mind from the outset, along with our personal and proactive approach.
We look forward to hearing from you soon.
Disclaimer
Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
Freehold
Possession
Tenanted
Viewing
Viewing strictly by appointment through Genie Homes
Description
It's not every day that you can get into the high end, en suite HMO market in Birmingham at such a reasonable price point. This property was beautifully renovated in 2018/19 and has been let out to professionals for the last 3 years. Sitting in an article 4 area, where new HMO properties are no longer permitted development.
Castle Vale is adjacent to Erdington and is home to various business parks, distribution centres, factories and most notably Jaguar Land Rover. So the area isn't short of good quality professional tenants. Tangmere Drive in particular, is very close to jlr.
The property is set back from the main road and has a gravelled, low maintenance driveway with space for at least 2 cars. The rear of the property also has access for vehicles and has another 2 parking spaces, so all tenants are able to park off road.
On the ground floor you will find one large double room with it's own bathroom as well as a sprawling kitchen/diner/lounge that encompasses the rear portion of the building. Each bedroom is fully furnished with a modern colour scheme and design, they come with an ensuite shower room including toilet and hand basin.
The first floor has the remaining three en-suite rooms. Again all rooms on this level are fully finished and provide ample living space for working professionals.
As a 4 bed for 4 persons, this property does not need a HMO license, but all required certification is available.
Construction: Non Standard Construction
Rental Information
The rental breakdown is as follows.
Room 1 - £500pcm
Room 2 - £525pcm
Room 3 - £475pcm
Room 4 - £495pcm
Total gross monthly rent - £1,995pcm
Total gross annual rent - £23,940 per annum
Gross yield at asking price - 10.9%
All certificates and notice boards are up to date
Gas Safety Cert
Eicr
Annual Emergency Lighting Cert
Annual Fire Alarm Cert
Annual pat Testing
Fire Risk Assessment
Fire Log Book
EPC
AST's for all rooms
dps Certificates for all tenants
Buyers Fee And Reservation
Genie Homes pride ourselves on our simple and secure buying process.
This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.
Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.
Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)
The benefits of a buyers fee to the buyer are:
- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.
- This approach allows you to secure the property and start the conveyancing process
quickly.
- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.
- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.
All of these elements provide peace of mind from the outset, along with our personal and proactive approach.
We look forward to hearing from you soon.
Disclaimer
Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
Freehold
Possession
Tenanted
Viewing
Viewing strictly by appointment through Genie Homes
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