Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

STC
HMO
Erdington, Birmingham

 

Property Address:

 

STC - HMO - Erdington
Birmingham

 

Property Details:

 
  • 3 Bedrooms
  • Potential to convert to 6 Bedroom HMO
  • Front & Rear Gardens
  • Good transport links
  • Upstairs bathroom
  • Dining Room
  • Lounge
  • Family Room
 

We have a great opportunity in Birmingham where you can acquire a family home and convert it to 6 Bed HMO giving you a collective net cash flow of £1332 per month.

We are looking at making all the bedrooms ensuite.

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

This is a terraced property situated in a convenient location in 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.

We will be carrying out the following works to the property and can assist with the Project Management of the works if required:

1) New Kitchen
2) New Bathroom
3) Upgrade the Electrics
4) Upgrade the Heating System
5) New Fire Doors
6) Plastering work
7) Landscaping in the Back
8) New Carpets and Vinyl throughout
9) Decoration Throughout
10) Ensuite Bathrooms

Reason For Sale

 

The landlord is selling up

Financial Information:

 
  • Cashflow: £1,332
  • Purchase Price: £141,000
  • Estimated Refurb: £45,000
  • Estimated Value after works: £170,000
  • Market Rental: £2,700
  • Sourcing Fee: £4,997
  • Project Management Fee: £4,500
 

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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