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SOLD STC

Manor Road

£175,000
Added on 02/03/2020
Purple Frog Property Limited, Birmingham
PROPERTY TYPE
Terraced
BEDROOMS
x5
BATHROOMS
x1

Property description

Tenure: Freehold

 This mid terrace property is operating as an HMO for five residents under a three-year lease agreement (expiring 2021) to Lindale homes agreed at 950pcm (£11,400 annually) which is paid as a net income to the owner. The terms of the lease (available on request) place responsibility for repairs and upkeep as well as utility costs with the leasing party (Lindale) providing the owner with a task free/net income proposition.
 
Article Four: Birmingham City Council have announced the introduction of Article Four across Birmingham which limits the introduction of new HMO properties. PF are specialists in this field, and it is usual for us to expect HMO property values to accelerate beyond residential values once the order is in place (value relates to income not standard housing stock in the area). We strongly recommend that HMO status is confirmed through your solicitors at point of purchase
 
Rental enhancement: Post lease period if not renewed, investors will have the option to operate independently and assuming HMO status for five, operate as such.
 
Accommodation
(furniture described included in sale)
 
Ground Floor
Hall: Radiator, stairs to first floor
Dining Room: Radiator, double glazed window, dining set for four.
Kitchen: Storage units with work surfaces, sink unit, cooker, double-glazed window
Utility:  Storage units with work surfaces, fridge/freezer, double glazed window and radiator
Bedroom 1: Wardrobe, bed, chest of drawers, double glazed window and radiator   
Bedroom 2: Wardrobe, bed, chest of drawers, double glazed window and radiator   
 
First Floor:
Bedroom 3: Wardrobe, bed, chest of drawers, double glazed window and radiator   
Bedroom 4: Wardrobe, bed, chest of drawers, double glazed window and radiator   
Bedroom 5: Wardrobe, bed, chest of drawers, double glazed window and radiator  
Bathroom: Bath with shower above, WC, wash hand basin, splash back panels
 
Outside: Rear garden with lawn and patio
 

Energy Performance Certificates

EPC 1

Manor Road

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stechford Station0.1 miles
  • Lea Hall Station1.0 miles
  • Adderley Park Station2.0 miles
Mortgages
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Market information
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About the agent

Purple Frog Property Limited, Birmingham

189 Dawlish Road, Bournbrook, Birmingham, B29 7AW

Purple Frog Property Limited, Birmingham

At Purple Frog, we specialise in student investment property. That’s what sets us apart from other Estate Agents.

Our vast knowledge of the market means we’re able to achieve excellent results for our clients. We do this by smoothly managing the whole sales process, anticipating and heading off any problems and objections that might arise.

You could be buying or selling, but either way, you’ll encounter the huge benefits that Purple Frog Sales brings and you’ll notice a fresh and

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Disclaimer - Property reference 40. 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 Purple Frog Property Limited, 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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