House For Sale £450,000
A fantastic investment opportunity to acquire this deceptively spacious eight bedroom licenced HMO property situated in Edgbaston ideally located close to Birmingham City Centre.
A superb investment opportunity in an area where HMO room rentals are in high demand.
The property offers potential to further increase the rental income from its current annual gross revenue of £43,620 pa. (subject to utilities etc).
The property provides partial double glazing where specified and has gas central heating.
The internal accommodation briefly comprises entrance hall, reception room, kitchen and downstairs bathroom, with two double bedrooms on the ground floor. The first floor comprises four further double bedrooms, one bathroom, plus additional separate shower room. The second floor has a further two double bedrooms.
The property provides a large rear garden and patio area.
Situated in this popular professional houseshare area in close proximity of Birmingham City Centre. The new tram extension is very close-by providing access to rail links. The property is ideally positioned for a number of local supermarkets, and is on the doorstep of Edgbaston reservoir which offers a tranquil nature spot and escape from the bustling centre along with local canal networks and cycle paths and as you would expect, the property provides excellent links to a number of different local university campuses.
Managing agents are already in place, and on hand to provide advice in regards to planning, licencing, and refurbishment/improvement works. Occupancy has been close to 100% for the past 10 yrs.
Please note that this property is also part of a small portfolio listing and the vendor is open to selling the units individually or together.
Property information:
• HMO licence will permit 8 people/units
• The ground floor comprises:
- 2 x large double bedrooms
- 1 x WC/shower
- 1 x large kitchen
- 1 x large dining room / lounge
• The first floor comprises:
- 2 x large double bedrooms
- 2 x standard double bedrooms
- 1 x bathroom with freestanding bath and WC
- 1 x shower room
• The second floor comprises:
- 1 x large double bedroom
- 1 x standard double bedroom
• Current annual income £ 43,620 pa – can be increased, refer to property managers.
• EPC rating D
• Council tax band C
*Measurements not taken and viewings being conducted by owner's managing agent.
A superb investment opportunity in an area where HMO room rentals are in high demand.
The property offers potential to further increase the rental income from its current annual gross revenue of £43,620 pa. (subject to utilities etc).
The property provides partial double glazing where specified and has gas central heating.
The internal accommodation briefly comprises entrance hall, reception room, kitchen and downstairs bathroom, with two double bedrooms on the ground floor. The first floor comprises four further double bedrooms, one bathroom, plus additional separate shower room. The second floor has a further two double bedrooms.
The property provides a large rear garden and patio area.
Situated in this popular professional houseshare area in close proximity of Birmingham City Centre. The new tram extension is very close-by providing access to rail links. The property is ideally positioned for a number of local supermarkets, and is on the doorstep of Edgbaston reservoir which offers a tranquil nature spot and escape from the bustling centre along with local canal networks and cycle paths and as you would expect, the property provides excellent links to a number of different local university campuses.
Managing agents are already in place, and on hand to provide advice in regards to planning, licencing, and refurbishment/improvement works. Occupancy has been close to 100% for the past 10 yrs.
Please note that this property is also part of a small portfolio listing and the vendor is open to selling the units individually or together.
Property information:
• HMO licence will permit 8 people/units
• The ground floor comprises:
- 2 x large double bedrooms
- 1 x WC/shower
- 1 x large kitchen
- 1 x large dining room / lounge
• The first floor comprises:
- 2 x large double bedrooms
- 2 x standard double bedrooms
- 1 x bathroom with freestanding bath and WC
- 1 x shower room
• The second floor comprises:
- 1 x large double bedroom
- 1 x standard double bedroom
• Current annual income £ 43,620 pa – can be increased, refer to property managers.
• EPC rating D
• Council tax band C
*Measurements not taken and viewings being conducted by owner's managing agent.
