House For Sale £300,000
HMO with open plan living space, four lettable bedrooms, a fifth under-size bedroom at 6.44 sq.m, plus one bathroom with separate WC and an additional shower room with front and rear gardens.
Perfectly positioned for students, this property offers a prime location within close proximity to University of Birmingham, public transportation, and all the excitement that Selly Oak has to offer.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241 p.a. With cosmetic improvements made in addition to the bedroom equalisation, we estimate the annual rent achievable to be circa £30,000 pa, which would give a gross yeild of 10%.
A Certificate of Lawful Use confirming C4 usage has been issued by Birmingham City Council.
The fifth bedroom, while currently too small to rent out, presents an opportunity for expansion. With a few small adjustments, this space could easily be transformed for an additional tenant, making it an attractive investment opportunity for those looking to maximise rental income.
Council Tax Banding: A (Birmingham City Council)
Perfectly positioned for students, this property offers a prime location within close proximity to University of Birmingham, public transportation, and all the excitement that Selly Oak has to offer.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241 p.a. With cosmetic improvements made in addition to the bedroom equalisation, we estimate the annual rent achievable to be circa £30,000 pa, which would give a gross yeild of 10%.
A Certificate of Lawful Use confirming C4 usage has been issued by Birmingham City Council.
The fifth bedroom, while currently too small to rent out, presents an opportunity for expansion. With a few small adjustments, this space could easily be transformed for an additional tenant, making it an attractive investment opportunity for those looking to maximise rental income.
Council Tax Banding: A (Birmingham City Council)
