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Frances Road, Birmingham

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

SIZE

1,163 sq ft

108 sq m

TENURE
Describes 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

  • SOCIAL HOUSING INVESTMENT
  • Generating £1,475 pcm £17,700 pa
  • Gross yield 7.5%
  • 4 years lease from October 2020
  • 5 bedroom, Mid terrace house
  • Two shower rooms & W/C
  • Close to Erdington train station
  • Close to junction 6 M6
  • 2% Buyers fee + VAT
  • 15 minutes drive to Birmingham City Centre

Description

**** SOCIAL HOUSING INVESTMENT**

Genie Homes welcome you to Frances Road, Birmingham - a terraced house that offers a fantastic opportunity for those looking for an hands off investment property. The property boasts 2 reception room, 5 bedrooms, and 2 bathroom spread across 1,163 sq ft of living space.

Located in the sought-after area of Erdington in Birmingham, this mid-terrace house has excellent transport links and close proximity to Birmingham City Centre, this property offers both convenience and accessibility for its residents.

If your looking for a turn key investment opportunity, this property is a versatile option. Currently set up as social housing, it serves as an instant income generator with a rental income of £1,475 per calendar month.

Additionally, the property provides easy access to major motorways such as the M6 and M5, making travel in and around the area a breeze. Don't miss out on the chance to own or invest in this wonderful property in a prime location. Frances Road is calling - will you answer?

Property Overview - Property Consists:

Hallway: Laminated flooring, Radiator.

Kitchen: Laminated flooring, radiator, double glazed window side aspect, integrated oven hob, extractor fan, modern kitchen units with wood effect worktops, breakfast bar with stools, white splashback tiles.

Lobby: Laminated flooring.

Shower room: Vinyl flooring, heated towel rail, counter top wash basin, show cubicle
Shower room 2: Double glazed obscure window side aspect, vinyl flooring, heated towel rail, wash basin, shower cubicle

Bedroom five: UPVC door access to rear garden, laminated flooring, radiator.
Bedroom four: Bay window to front aspect, laminate flooring, radiator.

Stairs & Landing: Carpet flooring, radiator.

Bedroom three: Double glazed window to side & rear aspect, laminate flooring, radiator.

W/C: Toilet, wash basin, laminated flooring.

Bedroom two: Double glazed window to rear aspect, laminated flooring, radiator.
Bedroom one: Double glazed window to front aspect, laminated flooring, radiator.

Council Tax B
EPC D
Sold As Seen

Buyers Fee And Reservation - Genie Homes pride ourselves on our simple and secure buying process.

This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.

Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.

Once you have viewed the property, we will ask you for feedback.

If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.

Please note: Should the property purchase not complete, the reservation fee will be refundable in ONLY these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)

The benefits of a buyers fee to the buyer are:

- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.

- This approach allows you to secure the property and start the conveyancing process
quickly.

- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.

- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.

All of these elements provide peace of mind from the outset, along with our personal and proactive approach.

We look forward to hearing from you soon.

Disclaimer - Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

TENURE
Freehold

POSSESSION
Tenant occupied

VIEWING
Viewing strictly by appointment through Genie Homes

Brochures

Frances Road, BirminghamBrochure
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.
Band: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Frances Road, Birmingham

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About Genie Homes, Birmingham

1668 Bristol Road South Rubery Rednal Birmingham B45 9TY
Industry affiliations:Industry affiliation logo 0

Genie Homes, based in Birmingham and the Black Country, are the areas most dedicated HMO and letting enthusiasts. Combining 50 years of property experience and an intimate knowledge of Birmingham's letting and HMO letting scenes, we go the extra mile to provide a quality service for investors, landlords and our tenants.

Situated in Longbridge, we have a team of knowledgeable and driven staff that cover all corners of the Birmingham market. Whether it's booking a viewing, asking for help with your portfolio or checking your property is fully compliant with up to date legislation, no task is too small.

Working in the professional lettings market our aim is to provide tenants with the highest quality accommodation in the sector. Much of our stock has been designed by us from start to finish using our trusted workforce so tenants can look forward to the most aesthetic, practical and comfortable rooms and studios Birmingham has to offer.

Our systems ensure that the lettings process for tenants is seamless and efficient. We provide a quick and thorough application process to enable a fast move in. Maintenance software guides you through any issues you may have and alerts us to the problem swiftly, and our dedicated property manager is there to take your hand and help you every step of the way.

For landlords the message is simple. Genie Homes aim to:

- Offer the right advice in an ever-changing lettings landscape.

- Provide all the support you need. From letting and rent collection to maintenance and cleaning.

- To successfully let your property to the professional market.

- Remove the headache of managing your own portfolio by providing a totally hands off package.

We're looking forward to hearing from you.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,097
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 33424449. 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 Genie Homes, Birmingham. 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.

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