Super Freehold Block of 29 (1 & 2 bed) Apartments

Erdington, B24 8HJ

REF 3994

  • INVESTMENT

    £4,250,000

  • GROSS YIELD

    5.52%

  • ANNUAL RENT

    £234,780

AgentHMO default property
Coming Soon
  • INVESTMENT

    £4,250,000

  • GROSS YIELD

    5.52%

  • ANNUAL RENT

    £234,780

  • REF

    3994

DESCRIPTION

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Fully Managed
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FINANCIALS

  • Investment £4,250,000
  • Gross Annual Rent £234,780
  • Gross Monthly Rent £19,565
  • Gross Yield 5.52%
  • Net Monthly Rent £19,565
  • Net Yield 5.52%
  • Min 25% Deposit Requirement £1,062,500
  • Monthly Mortgage Payment* £6,641
  • Monthly Cashflow £12,924

*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 £4,250,000.

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Property

  • Property Type Block
  • Double Glazing Full
  • Sub Type
  • Garage
  • Tenure Freehold
  • Garden
  • Construction Concrete
  • Parking
  • Condition Excellent
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building No
  • 1 Bed Flat 14
  • 2 Bed Flat 15
  • Property Type Block
  • Double Glazing Full
  • Sub Type
  • Garage
  • Tenure Freehold
  • Garden
  • Construction Concrete
  • Parking
  • Condition Excellent
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building No
  • 1 Bed Flat 14
  • 2 Bed Flat 15
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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
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 29
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 29
  • Unit 1
  • £595
  • Let
  • 1 Bed Flat
  • Unit 2
  • £675
  • Let
  • 1 Bed Flat
  • Unit 3
  • £725
  • Let
  • 2 Bed Flat
  • Unit 4
  • £675
  • Let
  • 2 Bed Flat
  • Unit 5
  • £700
  • Let
  • 2 Bed Flat
  • Unit 6
  • £725
  • Let
  • 2 Bed Flat
  • Unit 7
  • £700
  • Let
  • 2 Bed Flat
  • Unit 8
  • £595
  • Let
  • 1 Bed Flat
  • Unit 9
  • £780
  • Let
  • 1 Bed Flat
  • Unit 10
  • £725
  • Let
  • 2 Bed Flat
  • Unit 11
  • £725
  • Let
  • 2 Bed Flat
  • Unit 12
  • £775
  • Let
  • 2 Bed Flat
  • Unit 13
  • £725
  • Let
  • 2 Bed Flat
  • Unit 14
  • £675
  • Let
  • 2 Bed Flat
  • Unit 15
  • £625
  • Let
  • 1 Bed Flat
  • Unit 16
  • £650
  • Let
  • 1 Bed Flat
  • Unit 17
  • £625
  • Let
  • 1 Bed Flat
  • Unit 18
  • £650
  • Let
  • 1 Bed Flat
  • Unit 19
  • £650
  • Let
  • 1 Bed Flat
  • Unit 20
  • £625
  • Let
  • 1 Bed Flat
  • Unit 21
  • £575
  • Let
  • 1 Bed Flat
  • Unit 22
  • £625
  • Let
  • 1 Bed Flat
  • Unit 23
  • £625
  • Let
  • 1 Bed Flat
  • Unit 24
  • £600
  • Let
  • 1 Bed Flat
  • Unit 25
  • £650
  • Let
  • 1 Bed Flat
  • Unit 26
  • £695
  • Let
  • 2 Bed Flat
  • Unit 27
  • £750
  • Let
  • 2 Bed Flat
  • Unit 28
  • £800
  • Let
  • 2 Bed Flat
  • Unit 29
  • £625
  • Let
  • 2 Bed Flat
  • Total £19565
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Costs

  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Total £0
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LICENSING

  • HMO License Required No
  • Planning Use Class C3
  • HMO License Required No
  • Planning Use Class C3
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £1,362

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FLOOR PLAN

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LOCATION

Tyburn Road, Birmingham, B24 8HJ, United Kingdom

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BROCHURE

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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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