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Elmdon Road, Birmingham B27 6 bed end of terrace house for sale

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Elmdon Road, Birmingham B27 6 bed end of terrace house for sale

Elmdon Road, Acocks Green, Birmingham, West Midlands, B27
£375,000

Our Summary

  • * INVESTMENT PROPERTY * * HMO * * POTENTIAL TO DEVELOP / EXTEND * * OFF ROAD PARKING * * GREAT LOCATION * * EXCELLENT YIELD * 9
  • 7% GROSS YIELD * * NO UPWARD CHAIN * Oakmans are pleased to present a fantastic investment opportunity
  • The property is currently a 6 bed, however there is development potential to add a rear extension and within it another unit
  • STPP
  • There is futher development potential, to add an en-suite to certain rooms, thereby inreasing the potential rent

Description

Oakmans presents a fantastic investment opportunity in Acocks Green, a 6-bed HMO with potential for development and extension. The property is fully compliant and currently generates a gross yield of 9.7% with a monthly rent of £3,445 and an annual rent of £41,340. With no upward chain, the property offers a great location, just a few minutes' walk from Acocks Green train station and a short commute from Birmingham city centre. The property has potential to add a rear extension and en-suites to certain rooms, increasing the potential rent. The current council tax band is DEPC-D, which should be verified by a legal representative.