HMO

Birmingham

REF 3953

  • INVESTMENT

    £350,800

  • GROSS YIELD

    9%

  • ANNUAL RENT

    £31,572

AgentHMO default property
Sold
  • INVESTMENT

    £350,800

  • GROSS YIELD

    9%

  • ANNUAL RENT

    £31,572

  • REF

    3953

DESCRIPTION

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Features

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FINANCIALS

  • Investment £350,800
  • Gross Annual Rent £31,572
  • Gross Monthly Rent £2,631
  • Gross Yield 9%
  • Net Monthly Rent £2,608
  • Net Yield 8.92%
  • Min 25% Deposit Requirement £87,700
  • Monthly Mortgage Payment* £1,096
  • Monthly Cashflow £1,512

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £350,800.

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Property

  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 1
  • Double Ensuite 7
  • Ensuite Bathrooms 6
  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 1
  • Kitchenettes 6
  • Double Ensuite 7
  • Ensuite Bathrooms 6
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Company Let
  • 12 Month Occupancy
  • Occupancy
  • Tenancy Type
  • IRI Lease
  • No. of Tenants
  • 6
  • Tenant Type
  • Company Let
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • IRI Lease
  • No. of Tenants
  • 6
  • Unit 1
  • £2631
  • Let
  • HMO Property
  • Total £2631
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Costs

  • Gas £7
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £16
  • Council Tax
  • Gas £7
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £16
  • Council Tax
  • Total £23
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LICENSING

Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Minstead Road, Birmingham, B24 8PR, United Kingdom

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BROCHURE

Download the investment brochure
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This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
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