Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

STC
HMO
Erdington, Birmingham

 

Property Address:

 

STC - HMO - Erdington
Birmingham

 

Property Details:

 
  • Extended Larger Victorian Terrace
  • Ideal for transport links to M6, M40 and M42
  • Currently 3 Bedrooms
  • Potential of 5 Bedrooms (Possibility of 6 with Extension)
  • Upstairs Bathroom
 

We have a great opportunity in Birmingham where you can acquire a 6 Bed HMO giving you a collective net cash flow of £1259 per month.

There is an opportunity to convert this property into 6 bedrooms by building an extension. 

Either way the result is we want to end up with at least 4 ensuite bathrooms or convert them to self contained bedrooms with kitchenettes (additional refurbishment cost would need to be considered).

These properties are located in an area where you would attract professional tenants.

This property is an extended larger style Victorian terrace residence situated in a convenient location on one of Erdington's sought after residential locations. 

Ideally located for a range of city link public transport facilities including M6, M40 and M42 motorway network links, Erdington train station, shopping facilties on Erdington High Street and schools for children of all ages.

Reason For Sale

 

The landlord is selling up

Financial Information:

 
  • Cashflow: £1,259
  • Purchase Price: £160,000
  • Estimated Refurb: £40,000
  • Estimated Value after works: £185,000
  • Market Rental: £2,625
  • Sourcing Fee: £4,997
  • Project Management Fee: £4,000
 

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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