Mere Road, Erdington, Birmingham

HMO LICENSED - Investment opportunity all rooms let on a annual return of £23,820 per year, giving 9.7% gross yield on investment. Located in Erdington & only 15mins walk to Train Station, this property is ideal for someone looking for a steady income stream.

HMO LICENSED
Investment opportunity to earn a steady income from this substantial property which has been converted into x6 rooms
The property offers communal kitchen/diner, x1 bathroom, x1 shower room

Let on individual AST's to long term tenants, this property presents a opportunity for investor to purchase a ready made investment with an average 9.7% gross yield


Room 1 £380 pcm (£4560 per annum)
Room 2 £310 pcm (£3720 per annum)
Room 3 £350 pcm (£4200 per annum)
Room 4 £450 pcm (£5400 per annum)
Room 5 £120 pcm (£1440 per annum)
Room 6 £375 pcm (£4500 per annum)

Total Rental Income: £1,985pcm ( £23,820per annum)
Average 9.7% gross yield

Landlord to pay all utility bills including broadband
EPC Rating - D
Council Tax Band - B
HMO LICENSED


Buyers fee of 2% of the purchase price *terms & conditions apply
Contact office for further details