6 bedroom house share for sale

Newman Road, Birmingham

£250,000

Property Description

Full description

If you are looking for a ready made HMO business with instant cash flow, that is guaranteed for three years. Look no further.
The Solution…
We eliminate all the unnecessary risks involved with investing in HMO. Firstly, we develop the property to a very high standard and then offer a 3-year full maintaining lease – a guaranteed rental income for 36 months.
• No Void Periods
• No bills to pay
• No dealing with tenants day to day
• No maintenance worries
• Fully managed by professionals
THE NUMBERS
Purchase Price: £250,000
Deposit Required: £62,500
Mortgage Available: £187,500
Annual Rental Assurance: £20,280
Annual Rental Return: 32% gross
3-Year Rental Assurance: £60,840
3-Year Rental Return: 97% gross
19% PA NET RETURN
Reception 1

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bedroom 6

Bathroom 1

Bathroom 2

Bathroom 3

Bathroom 4

Bathroom 5

Bathroom 6

Small Garden

Parking

Central Heating

Double Glazing


Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is particularly important to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. All measurements quoted are approximate. Any Fixtures, Fittings and Appliances referred to have not been tested and therefore no guarantee can be given that they are in working order. These particulars do not constitute a contract or part of a contract.

Listing History

Added on Rightmove:
16 November 2016

Nearest stations

  • Erdington (0.5 mi)
  • Gravelly Hill (0.7 mi)
  • Chester Road (1.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Concentric Sales & Lettings, Edgbaston

42-46 Hagley Road, Edgbaston, Birmingham, B16 8PE

0121 396 0894 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Erdington (0.5 mi)
  • Gravelly Hill (0.7 mi)
  • Chester Road (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Concentric Sales & Lettings, Edgbaston

42-46 Hagley Road, Edgbaston, Birmingham, B16 8PE

0121 396 0894 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 91445. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Concentric Sales & Lettings, Edgbaston. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.