Florence Road, Acocks Green, Birmingham, West Midlands
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- BATHROOMS
6
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 34 Florence Road, Birmingham is a 6-bedroom, 6-bathroom HMO, generating an annual income of £46,440.
- Offers a net yield of 7.59%, making it a highly attractive investment.
- Property underwent an extensive conversion in 2019, ensuring modern appeal and high occupancy.
- Managed by a specialist HMO management agent, ensuring hassle-free oversight and steady income.
- Located in Acocks Green, a vibrant suburb with excellent transport links to Birmingham city centre.
- Benefits from ongoing local regeneration projects, contributing to rising property values.
- Close to amenities including shopping centres, parks, and leisure facilities, enhancing tenant appeal.
- Strong tenant demand driven by Birmingham’s robust economy and proximity to key employment hubs.
Description
Investment Opportunity at 34 Florence Road, B27 6LW
Located in the vibrant and well-connected suburb of Acocks Green, Birmingham, 34 Florence Road offers a prime investment opportunity. This 6-bedroom, 6-bathroom HMO has been expertly developed and maintained since its extensive conversion in 2019. Each room is designed to appeal to working professionals, ensuring high occupancy levels and steady rental income. Managed by a specialist HMO management agent, this property generates an impressive annual income of £46,440, with a net yield of 7.26%, making it a highly attractive investment.
Acocks Green is known for its excellent transport links, providing direct access to Birmingham city centre, which is just a short commute away. The suburb is currently benefiting from regeneration projects aimed at enhancing infrastructure and public spaces, which are contributing to rising property values. With a strong local economy, driven by key sectors such as finance, technology, and healthcare, tenant demand in the area remains robust. Florence Road's proximity to a variety of local amenities, including shopping centres, parks, and leisure facilities, further enhances its appeal to tenants, ensuring a stable and profitable investment for years to come.
Income Breakdown (Monthly):
Room 1: £649.00
Room 2: £649.00
Room 3: £649.00
Room 4: £599.00
Room 5: £625.00
Room 6: £699.00
Total Monthly Income: £3,870.00
Annual Income: £46,440.00
Expenditure Breakdown (Monthly):
Gas: £240.00
Electric: £240.00
Water: £88.00
Council Tax: £135.00
TV License: £15.00
Broadband: £43.20
Cleaner: £88.00
Management: £300.00
Total Monthly Expenditure: £1,149.20
Annual Expenditure: £13,790.40
Net Annual Income:
£32,649.60 (calculated as Total Income - Total Expenditure)
Gross Yield: 10.32% (calculated as Annual Income / Sale Price)
Net Yield: 7.26% (calculated as Net Annual Income / Sale Price)
Commentary:
The room rates and expenditure figures are based on current data. The property's financial performance indicates a gross yield of 10.32% and a net yield of 7.26%, reflecting its potential as a valuable investment. This financial summary assumes no vacancy periods or additional costs beyond those listed, which could impact net income and yield calculations.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Florence Road, Acocks Green, Birmingham, West Midlands
Add your favourite places to see how long it takes you to get there.
__mins driving to your place
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference XFG-63302002. 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 HMO Sales Expert, Bournemouth. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.