House For Sale £180,000
4 Bedroom HMO Brierly Hill | Long Term serco Lease until 2029 | Fully Renovated | £950.30pcm | £11,403.60 pa | No Voids | No Maintenance | No Utility Bills To Pay | Great Location | Fully Compliant with Local Authority Amenity Standards | selling blind
Introduction
4 Bedroom Social HMO for sale in Brierley Hill with long term, government backed lease in place.
4 Bedrooms, 2 Bathrooms, Kitchen and Communal Living Area
A well presented mid-terrace property in recently refurbished to a high standard as a 4 bedroom HMO. Conviniently situated within a short distance of Merry Hill Shopping Centre. Location also very close to all major transport links by car, train or bus.
Since December 2021 this property has undergone a full renovation, which is seen in the photographs provided, which were taken after the renovations.
A brilliant opportunity to purchase an up and running property on a long term social housing lease (serco), which is in place until 2029
The standard of refurbishment is high and the property meets all HMO regulations and amenity standards. Eicr, Gas Safety and Fire Safety Certificate all up to date.
There is a maximum of 4 tenants living in the property at any given time.
As per the self repairing lease in place, the tenant (serco) is responsible for all utilities, council tax and ongoing superficial maintenance and rent is paid each month meaning no void periods to contend with. The rent is up to date with no arrears.
Due to the nature of the lease and tenancies, we are unable to conduct viewings on this property.
Whitegoods and furniture are all included in the sale
Rental Breakdown
Monthly Rent - £950.30
Annual Gross Rent - £11,403.60
Yield - 6.3% at asking price
please note: A 2% plus VAT buyer's fee applies to this sale.
Viewings will be unavailable for this property. You will also need an agreement in principle that covers social housing if you are looking to lend against the purchase. Please make sure that you are able to proceed, speak with a broker if necessary before enquiring.
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
Blind Sale ( Due to the nature of the contract)
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.
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.
Introduction
4 Bedroom Social HMO for sale in Brierley Hill with long term, government backed lease in place.
4 Bedrooms, 2 Bathrooms, Kitchen and Communal Living Area
A well presented mid-terrace property in recently refurbished to a high standard as a 4 bedroom HMO. Conviniently situated within a short distance of Merry Hill Shopping Centre. Location also very close to all major transport links by car, train or bus.
Since December 2021 this property has undergone a full renovation, which is seen in the photographs provided, which were taken after the renovations.
A brilliant opportunity to purchase an up and running property on a long term social housing lease (serco), which is in place until 2029
The standard of refurbishment is high and the property meets all HMO regulations and amenity standards. Eicr, Gas Safety and Fire Safety Certificate all up to date.
There is a maximum of 4 tenants living in the property at any given time.
As per the self repairing lease in place, the tenant (serco) is responsible for all utilities, council tax and ongoing superficial maintenance and rent is paid each month meaning no void periods to contend with. The rent is up to date with no arrears.
Due to the nature of the lease and tenancies, we are unable to conduct viewings on this property.
Whitegoods and furniture are all included in the sale
Rental Breakdown
Monthly Rent - £950.30
Annual Gross Rent - £11,403.60
Yield - 6.3% at asking price
please note: A 2% plus VAT buyer's fee applies to this sale.
Viewings will be unavailable for this property. You will also need an agreement in principle that covers social housing if you are looking to lend against the purchase. Please make sure that you are able to proceed, speak with a broker if necessary before enquiring.
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
Blind Sale ( Due to the nature of the contract)
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.
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.
