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Contact Property Investor App

Property Investor App

Posting for 3+ years

0190277XXXX

Studio flat in Wellesbourne Road, Birmingham

Handsworth Wood, West Midlands

£1,300.00pm

Property Investor App

Posting for 3+ years

See all ads

Contact Property Investor App

0190277XXXX

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Posted
13 hours ago
Seller Type
Agency
Date Available
21 Jun 2022
Property Type
House
Number Of Bedrooms
Studio

Description

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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