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AGENT'S DETAILS


6-bed HMO in Birmingham

For sale: POA|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
ADDRESS99, Douglas Road, Acocks Green, Birmingham, West Midlands, B27 6HH
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd February 2021

DESCRIPTION

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

LOCATION

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

Acocks Green (0.2 miles)

Tyseley (0.7 miles)

Spring Road (0.8 miles)

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