4 Bed Terraced House For Sale Mostyn Road, Birmingham, B16
£290,000- Terraced
1 of 8
- Description
- Floor Plan
- Street View
- Maps
Last Updated: 11th May 2024
Description
This 4-bedroom House of Multiple Occupancy (HMO) boasts an impressive 8% yield return and the potential to create a 5th bedroom to maximise return, perfectly situated in an attractive location for students.
Decorated to a high standard throughout, with a modern kitchen and ample communal space, this property is ready to generate substantial rental income.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241.14 p.a. We estimate the annual rent achievable to be circa £30,000 pa by adding an additional bedroom.
A Certificate of Lawful Use confirming C4 usage has been applied for.
Council Tax Banding: A (Birmingham City Council)
Decorated to a high standard throughout, with a modern kitchen and ample communal space, this property is ready to generate substantial rental income.
Currently occupied until 30th June 2024 to 4 tenants with a rental income of £19,241.14 p.a. We estimate the annual rent achievable to be circa £30,000 pa by adding an additional bedroom.
A Certificate of Lawful Use confirming C4 usage has been applied for.
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
Investment Analysis
Annual Rent:
Annual Mortgage Interest:
Annual Costs:
Calculators
Mortgage Finder
Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required
Similar Properties
A few properties that are similar to this 4 bedroom property. See more properties like this.
£400,000
Birmingham, B16
Semi Detached
7
£400,000
Birmingham, B16
Terraced
4.9
£465,000
Birmingham, B16
Semi Detached
4.9
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.