Slade Road, Erdington, Birmingham

HMO LICENSED - Investment opportunity all rooms let on a annual return of £2,005 per month (£24k pa), giving 11.5% gross yield on investment. One room with en-suite. 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.
One bedroom with en-suite

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 11.5% gross yield

As of 13/10/2023 below rents per room:

Room 1 £330 pcm (£3960 per annum)
Room 2 £425 pcm (£5100 per annum) En-suite room
Room 3 £300 pcm (£3600 per annum)
Room 4 £360 pcm (£4320 per annum)
Room 5 £330 pcm (£3960 per annum)
Room 6 £260 pcm (£3120 per annum)

Total Rental Income: £2,005pcm ( £24,060 per annum)
Average 11.5% gross yield

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


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