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Oval Road, Birmingham

PROPERTY TYPE

Semi-Detached

BEDROOMS

7

BATHROOMS

7

SIZE

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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

Floorplan 1
1

Key features

  • £42,156 NET rental income per year
  • Fully managed by local lettings agents
  • Fully compliant 7-bedroom HMO
  • All bedrooms are ensuite
  • 10.16% NET rental yield
  • Close to local train station
  • Fully tenanted, will be sold with tenants in situ

Description

7 Bedroom (all ensuite) HMO Property | £415,000 | 10.16% Net Yield
An exceptional opportunity to acquire a well-established, income-producing 7-bedroom (7 bathroom) HMO investment in the popular Erdington region of Birmingham. This substantial detached freehold property operates as a 7-bedroom HMO, generating a gross rental income of £4,250 per calendar month, equivalent to £51,000 per annum and representing a NET yield of 10.16% on the asking price.

A fully managed and compliant HMO, this investment represents an exceptional opportunity for investors seeking to purchase their first HMO property or add a high revenue HMO into their existing portfolio. Net rental income of £42,156 per annum from 7 bedrooms.

Investment Highlights
Detached freehold property with 7 income-generating rooms (fully tenanted)
Gross rental income of £4,250 pcm / £51,000 per annum
Impressive gross yield of 12.30% at the asking price
Net yield of 10.16% after operating costs
HMO licence in place
7-bedroom (all ensuite)
Driveway and off-street parking for 3 cars
Close proximity to Gravelly Hill train station (11 mins to Birmingham New Street Station)
Certificate of Lawful Development already in place
EPC Rating – ‘D’

Room Breakdown:
• Room 1 – £625 PCM
• Room 2 – £600 PCM
• Room 3 – £600 PCM
• Room 4 – £625 PCM
• Room 5 – £575 PCM
• Room 6 – £600 PCM

Annual Outgoings:
• Energy – £5,500 pa.
• Broadband – £567 pa.
• Water – £777 pa.
• Council Tax – £2,000 approx. pa.
• Total Annual Outgoings – £8,844 pa.

Financial Snapshot
Purchase Price: £415,000
Gross Income: £4,250 PCM / £51,000 PA
Net Income: Approx. £3,616 PCM / £42,156 PA
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ground floor

Oval Road, Birmingham

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Affordability

Monthly repayments£2,082
Property: £ 415,000
Deposit: £ 41,500
Interest rate: 5.33%
Term: 30 years
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Extension potential
Recently sold & under offer
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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

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Disclaimer - Property reference PURBIRMOVA61a. 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 Pure, Manchester. 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.

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