£400,000
Addison Road, Kings Heath, Birmingham, B14
- 6 beds
£400,000
- 6 beds
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Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Key Features:
*Excellently Located HMO Property in King's Heath
*6 Well-Proportioned Bedrooms
*Fully Compliant Property
*Fully Tenanted, Generating £36,000/annum
*All Professional Tenants
*Turnkey Investment Opportunity
Davidson Estates are delighted to share a rare opportunity for investors to acquire this large 6-bedroom, 2-bathroom HMO property, perfectly positioned minutes from King's Heath high street, offering convenience for tenants and thus strong rental demand in the area.
The ground floor is comprised of entrance hall leading to shared living room, one double bedroom, a modern kitchen with separate utility room, a bathroom and separate toilet, a basement level currently used for storage, and an enclosed rear garden.
On the first floor, there are 3 good-sized bedrooms, a further shower room with toilet. There are then 2 further bedrooms on the second floor.
The property is fully tenanted and generating £36,000/annum, providing a gross yield of 9% for prospective investors.
Further Development Potential: Potential to enhance and increase rental returns further with decoration and modernising.
This property represents an exceptional investment opportunity. Contact us today to arrange a viewing and secure this high-yield asset!
We have been advised by the owner that the property is Freehold and in Council Tax Band B. The property is EPC-rated D.
*Contact Davidson Estates for Further Information.
*Viewings by Appointment Only.
Please note that all information provided should be verified by your legal representative and Davidson Estates cannot be held responsible if the information is incorrect.
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