West Midland - 8 Bedroom Terraced House - Subject to planning opportunity - Click for more info

Walsall, West Midlands
£325,000.00

Property Investors App

Posting for 2+ years

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propertyinvestorsapp.co.uk

Property Investors App

Posting for 2+ years

See all ads

Contact Property Investors App


propertyinvestorsapp.co.uk
Posted
10 days ago
Seller type
Agency
Property type
House
Number of bedrooms
6

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

8 Bedroom Terraced House - Subject to planning opportunity

Potential to Run as 6 / 9 Bed HMO

Corporation Street, Walsall, West Midland, WS1 4HH

Market Value = circa £400,000

Purchase Price = £325,000

Finder’s Fee = £7,000 + Vat

Potential Gross Income (As a 6 Bed HMO) = £2,280 pcm = £27,360 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £803 pcm = £9,636 per annum

Self Managed = £1,077 pcm = £12,924 per annum

For a limited time only, we have managed to secure a readymade 9 bedroom property which is perfectly set up to be turned into a 6 - 9 bedroom HMO near Walsall Town Centre.

The property has a potential to run as a 6 bed HMO and aim to go and get planning for other unused rooms to become 8/9 bedroom HMO.

The owner is happy to do a subject to planning deal. The buyer can secure the property with £1,000 which is fully refundable and submit plans to convert the property into 8/9 bed HMO.

The property already has fire doors in place along with a fire alarm.

The property was recently modernised. It comprises of three re-fitted bathrooms, separate lounge and living room, newly fitted combination boiler, six bedrooms on the first floor, two bedrooms on the second floor, sitting area, dining area and newly fitted kitchen , and rear low maintenance garden.

The property is conveniently situated in a location within proximity to great transportation links, Town Centre, local shops, and all local amenities.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1404064088


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