Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

SOLD
HMO
Franklin Road, Bourneville

 

Property Address:

 

SOLD - HMO - Franklin Road
Bourneville
B30

 

Property Details:

 
  • POTENTIAL 8 BEDROOM HMO
  • Currently 4 bedrooms
  • Mid Terrace House
  • Annex
  • GCH
  • DG
  • Good Sized Rear Garden
  • Sought after Location
 

Currently this property stands as a 4 bed mid terraced property with an annex in a sought after location in Bourneville.

It can remain as a 4 bed house if you wish but it has the potential to be converted into a few options:

  • A 2x 1 Bedroom flat with split garden
  • A 1 x2 bedroom flat (subject to planning) or,
  • An 8 bed HMO

We are aiming to sell this an 8 bedroom HMO as it is in an ideal location where this type of housing is in demand.

The property  is located  within 0.6 m miles of 2 2train stations which lines run direct to Birmingham City Centre. Close by is the town of Cotteridge which boats its range shops and bus routes all over Birmingham.

Each room to the 8 Bedroom HMO would be bringing in £100pppw.

Should you be interested in looking at buying this property with the view to convert into flats, please drop us an email and we can send you the figures for that.

Reason For Sale

 

The landlord is selling up

Financial Information:

 
  • Cashflow: £1,742
  • Purchase Price: £280,000
  • Estimated Refurb: £30,000
  • Estimated Value after works: £330,000
  • Market Rental: £3,467
  • Sourcing Fee: £5,000
 

Comparables

Comparable Sale

Charlotte Road, Stirchley - 5 bed HMO @ £90.00 pppw

Bourneville Lane, Dtisrchley - 4 bed HMO @ £86.50 pppw

 

What do I do next?

  1. Carry out your own due diligence
  2. Contact us and pay £500 to reserve the property
  3. Complete and sign our sourcing agreement
  4. We will then instruct our team to commence the purchase on your behalf

We can assist you with the project management of the works and offer full management on the rental side


Contact Details:

 

Contact:

Sammy Halliday

Telephone:

+44 (0)121 318 8056

Email:

sammy@investingnorth.co.uk


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