Pure Investor is delighted to offer this fully licensed, end-terrace HMO investment property located on a quiet cul-de-sac in Redditch. With five AST tenants in place, a full HMO licence, and no planning requirement (Class C use), this property offers immediate income and long-term investment security.
Spanning over 1,000 sq ft, the home offers four spacious bedrooms upstairs and one on the ground floor, with a communal kitchen, utility area, and a large reception/dining room. This property is currently operated under a rent-to-rent model but can be easily converted back to direct management to maximise returns.
Financial Breakdown
- Gross Rental Income: £2,495 pcm / £29,940 p.a.
- Tenancy Type: 5 x ASTs
- Current Agreement: Rent-to-rent at £1,200 pcm (contract expired – flexible to end/renegotiate)
- HMO Licence: In place
- Planning Class: C – no change required
- Total Outgoings: £9,554 p.a.
- Net Income: £20,386 p.a.
- Gross Yield: 11.98%
Annual Running Costs (when self-managed)
- Energy: £4,125
- Water: £1,009
- Council Tax: £1,776
- TV Licence: £168
- Internet: £564
- Gardener & Cleaner: £1,600
- Insurance: £312
Property Layout
Ground Floor
- Side Entrance Porch – Leads to hallway
- Entrance Hallway – Laminate flooring, under-stair storage
- Bedroom 1 – 3.19m x 2.07m, front aspect, carpeted
- Kitchen/Dining Room – 5.08m x 3.50m, tiled flooring, fitted units, dining space
- Utility Room – 2.87m x 2.08m, door to garden
- Downstairs WC
First Floor
- Bedroom 2 – 3.23m x 2.69m (max), dual aspect
- Bedroom 3 – 2.93m x 2.10m, front aspect
- Bedroom 4 – 4.43m x 3.26m, front aspect
- Bedroom 5 – 4.22m x 3.23m, rear aspect
- Bathroom – 2.07m x 1.71m, with electric shower over bath, WC, basin
Exterior Features
- Enclosed rear garden with lawn
- Lawned front garden
- On-road parking
- EPC Rating: C
- Council Tax Band: B
Investment Highlights
- Fully let with substantial monthly income
- HMO licence in place – compliant and ready to operate
- Tenants on individual ASTS – secure and diversified rental stream
- Flexible exit from the rent-to-rent agreement
- Potential to self-manage or appoint a lettings agency for increased returns
- No planning change required – Class C residential use
Viewings of this property are available; however, please note the property is tenanted and we need to be respectful of the tenants’ right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access
