Mill Road, Shelfield
- PROPERTY TYPE
House
- BEDROOMS
11
- BATHROOMS
9
- SIZE
3,466 sq ft
322 sq m
- 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
- TWO SEPARATELY LICENSED HMOS SOLD TOGETHER
- 11 BEDROOMS (9 EN-SUITES) ACROSS BOTH PROPERTIES
- GROSS RENTAL INCOME: £6,165 PCM (£73,980 ANNUAL)
- NET OPERATING INCOME (NOI): £60,133
- HIGH OCCUPANCY RATE: 99.45% IN 2024
- GROSS YIELD: 9.93% AND NOI YIELD: 8.07%
- COMPREHENSIVE NOI COVERS ALL RUNNING AND COMPLIANCE COSTS
- OFF-STREET PARKING & EXCELLENT TENANT FACILITIES
- READY-MADE INVESTMENT
- EPC RATING 77 (POTENTIAL 85) FOR BOTH PROPERTIES
Description
A unique opportunity to acquire two fully licensed adjoining HMOs, sold together as a single investment package. Located on Mill Road in the popular WS4 area, this combined offering comprises a total of 11 bedrooms (including 9 en-suites) across two separate titles, offering a rare chance to secure a high-performing, fully occupied investment in one transaction.
The properties together generate a gross rental income of £6,165/month (£73,980 annual gross), achieving a net operating income (NOI) of £60,133 annually after comprehensive running costs. These HMOs are licensed individually and meticulously maintained, providing hassle-free, high-yield returns in a sought-after location.
PROPERTY BREAKDOWN:
16 Mill Road, WS4 1RH
5 bedrooms (all en-suites, created from 6 original rooms—easy to reinstate if desired)
Spacious kitchen and communal areas
Modern fixtures and fittings
18 Mill Road, WS4 1RH
6 bedrooms (4 en-suites)
Well-maintained communal facilities
Bright, welcoming spaces
FINANCIAL BREAKDOWN:
Monthly gross rental income: £6,165
Annual gross rental income: £73,980
Annual operating costs: £13,847
Net operating income (NOI): £60,133
The comprehensive NOI covers all running and compliance costs, including utilities, council tax, broadband, cleaning, TV licence, safety certifications, and HMO licensing.
INVESTOR VALUATION (YIELD-BASED):
Selling price: £745,000
Gross yield: 9.93%
NOI yield: 8.07%
EPC RATINGS:
EPC rating: 77 (current)
EPC potential: 85 (future)
Same ratings for both 16 and 18 Mill Road
ADDITIONAL INVESTMENT OPPORTUNITY:
For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY—an exceptional 6-bedroom licensed HMO. For more details, search 59 Hobby Way, WS11 7JY or ask the agent for further information.
Don’t miss this standout dual HMO package at 16 & 18 Mill Road—high occupancy, strong returns, and comprehensive NOI coverage. These properties offer secure, low-hassle investing in a prime location. Contact us today to arrange your viewing!
Brochures
Mill Road, ShelfieldBrochure- 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: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- 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
Mill Road, Shelfield
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Visit our security centre to find out moreDisclaimer - Property reference 33931515. 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 Re/Max Elite, Walsall. 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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