£370,000
(£321/sq. ft)
5 bed semi-detached house for saleNorfolk Road, Erdington B23
5 beds
5 baths
1 reception
1,152 sq. ft
EPC Rating: D
Just added
Chain free
Freehold
About this property
No onward chain – ready to proceed
Providing a gross yield of approximately 9.84%
Reliable £3,160 per month rental return
Energy Performance Rating D, situated in a popular rental location
Furnished turnkey property – sold as seen
Well positioned for easy access to Birmingham City Centre
Currently producing £37,920 per annum
The purchase includes a buyer fee of 2% + VAT ( Split into two payments)
Income-producing investment with 100% occupancy
**** new to the market **** 5 bed 5 bath investment opportunity **** Located on the charming Norfolk Road in Erdington, Birmingham, this stunning semi-detached house from the early 1900s is a true gem waiting to be discovered. Boasting a generous 1,152 sq ft of living space, this property features not just one, but five spacious bedrooms, each with its own modern en-suite bathroom, making it a perfect fit for those looking for an investment opportunity. The property's layout includes five ensuite bathrooms ensure convenience and privacy for all residents, adding a touch of luxury to everyday living. One of the standout features of this property is its excellent transport links to Birmingham City Centre, making commuting a breeze for professionals or those who enjoy exploring the vibrant city life. Additionally, being offered with no chain provides a hassle-free buying process. Currently operating as a 5-bedroom House in Multiple Occupation (HMO), this property presents a fantastic investment opportunity with a monthly income of £3,160 and an annual income of £37,920. Whether you're looking to expand your property portfolio this semi-detached house on Norfolk Road is sure to exceed your expectations.
EPC Rating: D
Property Description
****** 5 bed, 5 bath turnkey HMO – fully tenanted ****** Key Investment Features: Fully Tenanted HMO – generating £3,160 pcm / £37,920 pa 9.84% Gross Yield – immediate income for investors Turnkey Investment – fully furnished and sold as seen Fully HMO Compliant & Licensed – let with confidence EPC Rating D | Council Tax A | Freehold High Rental Demand Area – ideal for professional tenants Excellent Transport Links – easy access to Birmingham City Centre, M6, M5 & M42. Private Rear Garden & Front Parking – modern communal spaces LED Lighting & Modern Finishes Throughout – stylish and functional
Rental Breakdown
Room rents Room 1 £615 Room 2 £600 Room 3 £645 Room 4 £625 Room 5 £675 Monthly income of £3,160 Annual income of £37,920.
Buyers Fee And Reservation
Genie Homes pride ourselves on our simple and secure buying process. This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price. Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property. Once you have viewed the property, we will ask you for feedback. If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market within 2 working days of your offer. Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances; 1. The vendor has withdrawn from the sale 2. The vendor has not disclosed details regarding the property that affects mortgage- ability. (For example, unforeseen significant structural movement as indicated by a structural survey.) The benefits of a buyers fee to the buyer are: - Properties are advertised at a reasonable purchase price in order to encourage a quick sale. - This approach allows you to secure the property and start the conveyancing process quickly. - Reservation of the property removes the element of competitive bidding and also the possibility of being gazumped. - The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious. All of these elements provide peace of mind from the outset, along with our personal and proactive approach. We look forward to hearing from you soon.
Disclaimer
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. Tenure - Freehold Possession - Tenanted Viewings - Strictly by appointment through Genie Homes
EPC Rating: D
Property Description
****** 5 bed, 5 bath turnkey HMO – fully tenanted ****** Key Investment Features: Fully Tenanted HMO – generating £3,160 pcm / £37,920 pa 9.84% Gross Yield – immediate income for investors Turnkey Investment – fully furnished and sold as seen Fully HMO Compliant & Licensed – let with confidence EPC Rating D | Council Tax A | Freehold High Rental Demand Area – ideal for professional tenants Excellent Transport Links – easy access to Birmingham City Centre, M6, M5 & M42. Private Rear Garden & Front Parking – modern communal spaces LED Lighting & Modern Finishes Throughout – stylish and functional
Rental Breakdown
Room rents Room 1 £615 Room 2 £600 Room 3 £645 Room 4 £625 Room 5 £675 Monthly income of £3,160 Annual income of £37,920.
Buyers Fee And Reservation
Genie Homes pride ourselves on our simple and secure buying process. This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price. Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property. Once you have viewed the property, we will ask you for feedback. If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market within 2 working days of your offer. Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances; 1. The vendor has withdrawn from the sale 2. The vendor has not disclosed details regarding the property that affects mortgage- ability. (For example, unforeseen significant structural movement as indicated by a structural survey.) The benefits of a buyers fee to the buyer are: - Properties are advertised at a reasonable purchase price in order to encourage a quick sale. - This approach allows you to secure the property and start the conveyancing process quickly. - Reservation of the property removes the element of competitive bidding and also the possibility of being gazumped. - The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious. All of these elements provide peace of mind from the outset, along with our personal and proactive approach. We look forward to hearing from you soon.
Disclaimer
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. Tenure - Freehold Possession - Tenanted Viewings - Strictly by appointment through Genie Homes
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