Studio flat in Wellesbourne Road, Birmingham
Handsworth Wood, West Midlands
Property Investor App
Posting for 3+ yearsSee all ads
- 13 hours ago
- Seller Type
- Date Available
- 21 Jun 2022
- Property Type
- Number Of Bedrooms
3 Year Rent to Rent Opportunity
Readymade 5 Bedroom HMO Compliant
Wellesbourne Road, Birmingham, B20 3TL
Rent to Landlord = £1,300 pcm
Finder’s Fee = £2,500 + Vat
Potential Gross Income = £2,200 pcm = £26,400 per annum
CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £311 pcm = £3,732 per annum
Cashflow Over 3 Years = £11,196
Self Managed = £575 pcm = £6,900 per annum
Cashflow Over Years = £20,700
For a limited time only, we have managed to secure a readymade five bedroom HMO within proximity to Birmingham City Centre.
The property has just been refurbished and is fully HMO compliant but in need of a licence to operate as five bedroom HMO.
The property briefly comprises :
* Ground Floor : A small kitchen, two large bedrooms
* First Floor : Two double bedrooms and a further small double bedroom. Finally, there is a bathroom with shower over the bath and wash hand basin and separate WC.
The property is conveniently situated within proximity of all local amenities including local shops, hospital, and regular public transport links.
Agent: Property Investor App Limited
Agent Ref: 000061020_253
Ad ID: 1434525963
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