5 Bed Terraced House For Sale Rebecca Drive, Birmingham, B29
£300,000- Terraced
1 of 10
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Last Updated: 9th May 2024
Description
HMO with open plan living space, four lettable bedrooms, a fifth under-size bedroom at 6.44 sq.m, plus one bathroom with separate WC and an additional shower room with front and rear gardens.
Perfectly positioned for students, this property offers a prime location within close proximity to University of Birmingham, public transportation, and all the excitement that Selly Oak has to offer.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241 p.a. With cosmetic improvements made in addition to the bedroom equalisation, we estimate the annual rent achievable to be circa £30,000 pa, which would give a gross yeild of 10%.
A Certificate of Lawful Use confirming C4 usage has been issued by Birmingham City Council.
The fifth bedroom, while currently too small to rent out, presents an opportunity for expansion. With a few small adjustments, this space could easily be transformed for an additional tenant, making it an attractive investment opportunity for those looking to maximise rental income.
Council Tax Banding: A (Birmingham City Council)
Perfectly positioned for students, this property offers a prime location within close proximity to University of Birmingham, public transportation, and all the excitement that Selly Oak has to offer.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241 p.a. With cosmetic improvements made in addition to the bedroom equalisation, we estimate the annual rent achievable to be circa £30,000 pa, which would give a gross yeild of 10%.
A Certificate of Lawful Use confirming C4 usage has been issued by Birmingham City Council.
The fifth bedroom, while currently too small to rent out, presents an opportunity for expansion. With a few small adjustments, this space could easily be transformed for an additional tenant, making it an attractive investment opportunity for those looking to maximise rental income.
Council Tax Banding: A (Birmingham City Council)
Agent Details
Purple Frog Property Limited
189, Dawlish Road, Birmingham, B29 7AW
Show Contact Number
0121 270 2722
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.