* Freehold
* 5 Bed, 1 Bathroom & 1 W/C HMO Bromsgrove
* EPC D
* £2, 085 pcm rental income
* Quiet Location
* Fully Tenanted
* Good transport Links
* Close to M5, M42, M6
* Patio Garden
* Yield 7. 69 % Room for improvement
* Investment Opportunity
Fully licensed HMO | Quiet Location | Excellent Investment | 5 bed 1 bath & 1
W/C | Good Transport Links | Close to Amenities | 2% Buyers Fee | 7. 69% yield
with potential to increase |
**Property Overview**
*** Don't overlook this chance to acquire a five bedroom Detached HMO in
Bromsgrove *** Tenanted Investment
The property is situated in the market town of Bromsgrove, surrounded by green
belt land in Worcestershire, just 16 miles southwest of Birmingham City Centre
and 14 miles from Worcester. The location boasts numerous advantages! Situated
mere steps from Bromsgrove Railway Station, this residence is ideal form
commuters and tenants seeking easy access to M5, M6 and M42. Off road parking
for at least 3 cars.
All rooms comes fully furnished, making this property perfect for communal
living, The kitchen and shared communal spaces are functional with ample
storage. Needs updating.
Monthly Rental income £2, 085
Annual Rental Income £25, 020
Yield 7. 69%
**EPC D**
Council Tax Band D - Bromsgrove Borough Council
HMO license in place until 19th December 2023 Maximum Permitted Numbers 6
persons or 5 households
Viewings will be arranged in blocks, as to minimise disruption for the
tenants. Please contact us to arrange a suitable time and date.
Current rental breakdown by room
Room 1 - £410
Room 2 - £475
Room 3 - £395
Room 4 - £460
Room 5 - £345
*** Secure this HMO investment in Bromsgrove today. ***
**Buyers Fee And Reservation**
This sale is subject to A 2% plus VAT buyers fee based on the agreed sale
price.
If you make an offer and it is accepted, a minimum of 50% of the fee is
payable within 2 working days in order to take the property off the market.
The benefits of a buyers fee to the buyer are:
\ - Properties are advertised at a reasonable purchase price in order to
encourage a quick sale.
\ - This approach allows you to secure the property and start the conveyancing
process
quickly.
\ - Reservation of the property removes the element of competitive bidding and
also the possibility of being
gazumped.
\ - The risk of the sale falling through is minimized on both sides, buyers are
committed financially and vendors know that buyers are serious.
\ - All of these elements provide peace of mind from the outset, along with our
personal and proactive approach. Genie Homes pride ourselves on our simple and
secure buying process.
Please note: Should the property purchase not complete, the reservation fee
will be refundable in only these circumstances;
1\. The vendor has withdrawn from the sale
2\. The vendor has not disclosed details regarding the property that affects
mortgage / remortgage ability. (For example, unforeseen significant structural
movement as indicated by a structural survey. )
**Disclaimer**
These particulars, whilst believed to be accurate are set out as a general
guideline and do not constitute any part of an offer or contract. Intending
Purchasers should not rely on them as statements of representation of fact,
but must satisfy themselves by inspection or otherwise as to their accuracy.
Please note that we have not tested any apparatus, equipment, fixtures,
fittings or services including gas central heating and so cannot verify they
are in working order or fit for their purpose. Furthermore, Solicitors should
confirm moveable items described in the sales particulars and, in fact,
included in the sale since circumstances do change during the marketing or
negotiations. Although we try to ensure accuracy, if measurements are used in
this listing, they may be approximate. Therefore if intending Purchasers need
accurate measurements to order carpeting or to ensure existing furniture will
fit, they should take such measurements themselves. Photographs are reproduced
general information and it must not be inferred that any item is included for
sale with the property.
**Tenure**
Freehold - To be confirmed by the Vendor’s Solicitors
**Possession**
Tenant Occupied
**Viewing**
Viewing strictly by appointment
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or
lessors of this property whose agents they are, give notice that: (1) These
particulars do not amount to, nor amount to any part of, an offer or contract.
(2) None of the statements contained in these particulars should be relied on
as statements or representations of fact, therefore all prospective purchasers
or tenants must satisfy themselves as to their accuracy.