3-5 Year Rent To Rent - Vacant and Ready Made 6 Bed HMO
Oval Road, Erdington, Birmingham, B24 8PL
Rent to Landlord = £1,000
Finders Fee = £4,000
POTENTIAL CASHFLOW
Managed = £612 pcm = £7,344 per annum
Cashflow Over 3 Years = £22,032
Cashflow Over 5 Years = £36,720
Self Managed = £885 pcm = £10,620 per annum
Cashflow Over 3 Years = £31,860
Cashflow Over 5 Years = £53,100
Call Arsh on 07967 016425
Great Investment Opportunity!
We have managed to secure the following HMO property on a rent to rent basis.
This property has recently become vacant, and ready to be taken over to generate cashflow for the next 3 or 5 years.
The property has 6 bedrooms, set over 2 floors, with two bathrooms, ground floor toilet, a reception room and kitchen. In close proximity to a number of amenities, i.e. Erdington high street stores, Birmingham City Centre, motorway transport links and hospitals.
Location
- The property is situated
- Gravelly Hill Railway Station (0.5 miles)
- Erdington Railway Station (1.7 miles)
- Birmingham City Hospital (4.5 miles)
- Heartlands Hospital (3.9 miles)
- Good Hope Hospital (5.1 miles)
- Birmingham City Centre (3.3 miles)
- Erdington High Street (1.2 miles)
- Motorway Links – M6 Jct 6 North/South, A38 (0.6 miles)
Potential Rental
Following the recent rental and due to extensive research of the area, the 6 rooms would achieve an average of £2275 pcm, producing £27,300 annually.
- Room 1 – Rent at £90pw (Double)
- Room 2 – Rent at £90pw (Double)
- Room 3 – Rent at £90pw (Double)
- Room 4 – Rent at £90pw (Double)
- Room 5 – Rent at £90pw (Double)
- Room 6 - Rent at £75pw (Single)
Call ARSH on 07967 016 425
