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£425,000
Gillott Road, Birmingham, B16
- 6 beds
£425,000
- 6 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£1,940 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£21,250
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Open House Edgbaston are pleased to present this investment property semi detached 6 bed HMO in Edgbaston.
A fully tenanted six bed licenced HMO in a prime location only 2.3 miles to Birmingham City Centre, 1.5 miles to Five Ways Island, 1 mile from Birmingham City Hospital and 1 mile from the New Midland Metropolitan Hospital. Potential to increase to 7 bed HMO STPP.
Briefly comprising of central heating, part double glazing, large garden, fully tenanted for continued income (subject to tenancy retention and transfer to new landlord). Tenure: Freehold. * N.B. Some photos used in marketing were taken before tenants took occupation.
On the ground floor we have 1 double bedroom, communal lounge, shower room and kitchen diner. Shower room that consists of a shower, toilet and hand basin.
On the first floor we have the 2 double rooms, 1 large double bath and shower room. Bathroom room that consists of a bath, separate shower cubicle, hand basin & toilet.
On the second floor we have the remaining 2 double rooms, Bathroom & separate WC.
Bathroom room that consists of a bath, separate shower cubicle, hand basin & toilet.
WC consist of hand basin and toilet.
The rooms come fully furnished and are rented with all bills included.
Rental Income:
Room 1: ?600 pcm
Room 2: ?575 pcm
Room 3: ?575 pcm
Room 4: ?599 pcm
Room 5: ?549 pcm
Room 6: ?525 pcm
Total ?3423 pcm = ?41,076 annual
Proof Of Funds required for viewings
LDC in place
A fully tenanted six bed licenced HMO in a prime location only 2.3 miles to Birmingham City Centre, 1.5 miles to Five Ways Island, 1 mile from Birmingham City Hospital and 1 mile from the New Midland Metropolitan Hospital. Potential to increase to 7 bed HMO STPP.
Briefly comprising of central heating, part double glazing, large garden, fully tenanted for continued income (subject to tenancy retention and transfer to new landlord). Tenure: Freehold. * N.B. Some photos used in marketing were taken before tenants took occupation.
On the ground floor we have 1 double bedroom, communal lounge, shower room and kitchen diner. Shower room that consists of a shower, toilet and hand basin.
On the first floor we have the 2 double rooms, 1 large double bath and shower room. Bathroom room that consists of a bath, separate shower cubicle, hand basin & toilet.
On the second floor we have the remaining 2 double rooms, Bathroom & separate WC.
Bathroom room that consists of a bath, separate shower cubicle, hand basin & toilet.
WC consist of hand basin and toilet.
The rooms come fully furnished and are rented with all bills included.
Rental Income:
Room 1: ?600 pcm
Room 2: ?575 pcm
Room 3: ?575 pcm
Room 4: ?599 pcm
Room 5: ?549 pcm
Room 6: ?525 pcm
Total ?3423 pcm = ?41,076 annual
Proof Of Funds required for viewings
LDC in place
Mortgage calculator
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£1,940 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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