99, Douglas Road, Acocks Green, Birmingham, West Midlands, B27 6HH

Fresh to the market, this 6-bed, 6 en-suite HMO which was refurbished to a high standard back in Nov 2020. The property is in a prime Birmingham market and has enjoyed good occupancy thanks to quality accommodation and local amenities and a good local HMO managing agent.

Currently generating an income of £32,940 PA on a slightly reduced rent due to covid. There is scope to increase the rents to £34,000 PA, meaning the property offers a gross yield of up to 9% and the letting agent expects the rental to be strong in 2021 now that the rental market has settled down again post-Covid.

With an extensive refurbishment schedule which included a back-to-brick renovation, rewire, new heating system, kitchen, bathrooms and decoration, the property is in excellent condition and an ideal hands-off investment, utilising the current managing agent.

Income-

Room 1 - £495pcm / Room 2 - £350 / Room 3 - £450

Room 4 - £525 / Room 5 - £475 / Room 6 - £450

Total - £2,745 PCM / £32,940 PA

Outgoings-

Gas £ 80.00 / Electric £ 80.00 / Water £ 80.00 / Council Tax £ 100.00

TV License £13.00 - / Broadband £ 45.00 / Cleaner £ 50.00 / Management £ 275.00

£723.00 PCM / £8,678 PA

Income
Room 1 - £495pcm / Room 2 - £350 / Room 3 - £450

Room 4 - £525 / Room 5 - £475 / Room 6 - £450

Total - £2,745 PCM / £32,940 PA

Outgoings-

Gas £ 80.00 / Electric £ 80.00 / Water £ 80.00 / Council Tax £ 100.00

TV License £13.00 - / Broadband £ 45.00 / Cleaner £ 50.00 / Management £ 275.00

£723.00 PCM / £8,678 PA

Features
6 Bed All Ensuite HMO

Close To City Centre

Refurbished Recently To A High Standard

Currently Generating £32,940 PA

8.78% Gross Yield

2% + Vat Buyers Fee