HMOs for Sale
127 Amington Road, Tamworth
6 0
£395,000 Asking Price House of multiple occupation for sale
Description
Introducing a great investment opportunity. We are pleased to present this 6 bed, 6 ensuite HMO in Tamworth, Staffordshire. This well established, fully tenanted property has a good historical occupancy record and has been well maintained throughout. The property consists of 6 ensuite bedrooms, a well equipped communal kitchen with an open plan set up offering dining and living space, as well as a separate laundry room. A full B2B refurb was carried out in 2021 and has a managing agent in place for ongoing upkeep. The property also offers a good sized rear garden, as well as a smaller garden to the front. The property is located a short distance form the town centre and has a good choice of amenities close by.
Tamworth offers relatively affordable rent compared to larger cities like Birmingham or Manchester and offers easy commuting access to these places. Tamworth has good transport links. It's around 20 miles northeast of Birmingham, with direct train services taking about 20-30 minutes. The town also has bus routes and access to major motorways like the M42, M6, and A5.
The property sits in a stand alone SPV, with the possible opportunity for saving on stamp duty.
Income;
Room 1 - £600 / Room 2 - £635 / Room 3 - £650 /
Room 4 - £650 / Room 5 - £575 / Room 6 - £650
Total; £3,760 PCM / £45,120.00 PA
Expenditure;
Gas/Electric - £200 / Water - £158 / Council Tax - £203 /
TV License - £15 / Cleaner - £140 / Broadband - £32.40 / Management - £451.20
Total; £1,199.60 PCM / £14,395.20 PA
Gross Yield: 11.42%
Additional Details
- Bedrooms: 6 Bedrooms
- Ensuites: 6 Ensuites
- Kitchens: 1 Kitchen
- Buyer Fee: 2.00% + VAT
- Tenure: Freehold
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- Great Investment Opportunity
- Well Established
- Room To Uplift The Rental Income
- The Property Sits In A Stand Alone SPV
- In Good Condition
- Gross Income: £45,120.00 PA
- Gross Yield: 11.42%
- 2% +VAT Buyer's Fee
Enquiry
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