Oval Road, Birmingham

An exceptional opportunity to acquire a well-established, income-producing 7-bedroom (7 bathroom) HMO investment in the popular Erdington region of Birmingham. This substantial detached freehold property operates as a 7-bedroom HMO, generating a gross rental income of £4,250 per calendar month, equivalent to £51,000 per annum and representing a NET yield of 10.16% on the asking price.

A fully managed and compliant HMO, this investment represents an exceptional opportunity for investors seeking to purchase their first HMO property or add a high revenue HMO into their existing portfolio. Net rental income of £42,156 per annum from 7 bedrooms.

Investment Highlights

Detached freehold property with 7 income-generating rooms (fully tenanted)
Gross rental income of £4,250 pcm / £51,000 per annum
Impressive gross yield of 12.30% at the asking price
Net yield of 10.16% after operating costs
HMO licence in place
7-bedroom (all ensuite)
Driveway and off-street parking for 3 cars
Close proximity to Gravelly Hill train station (11 mins to Birmingham New Street Station)
Certificate of Lawful Development already in place
EPC Rating – ‘D’

Room Breakdown:

* Room 1 – £625 PCM
* Room 2 – £600 PCM
* Room 3 – £600 PCM
* Room 4 – £625 PCM
* Room 5 – £575 PCM
* Room 6 – £600 PCM
* ⁠Room 7 –   £600 PCM

Annual Outgoings:

• Energy – £5,500 pa.
• Broadband – £567 pa.
• Water – £777 pa.
• Council Tax – £2,000 approx. pa.
• Total Annual Outgoings – £8,844 pa.

Financial Snapshot

Purchase Price: £415,000
Gross Income: £4,250 PCM / £51,000 PA
Net Income: Approx. £3,616 PCM / £42,156 PA
Net Yield: 10.16%